Fuwei Group issued a statement on Tuesday saying that the company sold a life insurance policy of US$318 million, breaking the Guinness World Record for the highest amount of a life insurance policy. The company said the buyer purchased the policy for wealth preservation and estate planning purposes, but did not further elaborate. According to Guinness World Records, FW Life Insurance obtained this record certification on Monday. HSBC Life sold a US$250 million life insurance policy in Hong Kong in 2024, which was certified as a world record at the time. Earlier this year, Manulife sold a $300 million insurance policy in Singapore, breaking that record.

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