According to South America Qiaobao Network, data recently released by the Chilean Insurance Association (Asociación de Aseguradores de Chile) show that Chileans have a stronger demand for car insurance than for life insurance.

　　The report said the Chilean Insurance Association pointed out that Chileans buy insurance immediately after purchasing a car, but when a child is born, they do not immediately take out life insurance for the child.

　　Surveys show that people in developed countries generally spend 7% of their income on life insurance, while Chileans average less than 2%. The Chilean Insurance Association pointed out that the government needs to help the public understand the importance of life insurance in order to raise people's awareness of protecting family members.

　　There are currently many types of insurance in the Chilean insurance market—corresponding coverage is available for children's education, health, quality of life and even financing projects—but compared with other types of insurance, life insurance is cheaper, far below car insurance or other property insurance. "Because most people buy life insurance when they are very young, the price is very low," said the head of the Chilean Insurance Association.

Source: Chinanews.com 2017-10-18