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Missing flight MH370: grieving families receive first compensation payouts

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By Euronews
Missing flight MH370: grieving families receive first compensation payouts

<p>Chinese insurance companies have started paying compensation to the families of passengers on missing Malaysia Airlines flight MH370, according to state media agency Xinhua.</p> <p>The plane is presumed to have crashed in the southern Indian Ocean on March 8, killing all 239 people aboard.</p> <p>Seven passengers’ families have reportedly received 4.17 million yuan (around 486,600 euros) in compensation from the country’s largest insurance company, China Life. </p> <p>The insurers said they had 32 clients on board the flight, with an estimated total compensation of approximately 9 million yuan (1.1 million euros).</p> <p>A company spokesperson told Reuters: “China Life is deeply grieved at the news and will ensure compensation and all other related services are fully implemented.”</p> <p>Meanwhile, New China Life Insurance Co. Ltd. will compensate the families of nine further clients on board the plane with around 1 million yuan (some 117,000 euros), according to a public relations official from the firm.</p> <p>China Pacific Insurance Co., Ltd. is said to have offered its first compensation payment of 525,000 yuan (61,300 euros), while Sunshine Insurance has reportedly offered 500,000 yuan (58,400 euros) for a family of three.</p> <p>More than 150 passengers aboard Malaysia Airlines flight MH370 were Chinese nationals. </p> <p>The flight from Kuala Lumpur to Beijing is believed to have crashed thousands of miles off <br /> course.</p>