BEIJING, March 27 Chinese insurance companies
have started paying compensation to the families of passengers
aboard a missing Malaysia Airlines plane presumed
crashed in the southern Indian Ocean, state news agency Xinhua
said on Thursday.
The families of seven passengers received 4.17 million yuan
($671,600) in compensation on Tuesday, China Life,
the country's largest insurance company, was quoted by Xinhua as
saying. China Life said it has 32 clients on board the flight
and estimated its total compensation at around 9 million yuan.
"China Life is deeply grieved at the news and will ensure
compensation and all other related services are fully
implemented," Xinhua quoted an unnamed company spokesman as
Shanghai-based China Pacific Insurance Co., Ltd.
said it had offered its first compensation payment of 525,000
yuan ($84,500) as of Wednesday, Xinhua said.
Sunshine Insurance said it has compensated 500,000 yuan for
a family of three, while New China Life Insurance Co. Ltd.
estimated its compensation would reach 1 million
yuan for its nine clients on board the flight.
The companies could not be immediately reached for comment.
Malaysia Airlines Flight MH370 is thought to have crashed on
March 8 with the loss of all 239 people aboard after flying
thousands of miles off course. More than 150 of the passengers
($1 = 6.2094 Chinese yuan)
(Reporting by Sui-Lee Wee; Editing by Alex Richardson)