Families of some Chinese passengers on missing MH370 receive insurance payouts

Families of some Chinese passengers on missing MH370 receive insurance payouts

BEIJING - 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 (S$848,736) 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.

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