The lack of deposit insurance in China is related to the fact that most of the banks in the country are State-owned and the government offer confidence to depositors. But under the “implicit deposit insurance system” it is impossible to provide a fair and efficient institution framework to tackle the great risks in Chinese banking system. The important issue in deposit insurance system is how to determine the deposit insurance premium. In this paper we use Ronn and Verma model(1986) to estimate Chinese 14 listed bank’s deposit insurance premium. In addition, in order to judge whether the estimation of deposit insurance premium rate is appropriate, we do the correlation analysis between the estimates and Moody’s credit ratings, capital variables such as ROA, BIS capital ratios , and Non-performing loan ratio. The results show that the estimated deposit insurance premium of listed banks are great different. And we find an significant relationship between the estimates and Moody’s credit ratings as well as capital variables in some period. It means that the estimated deposit insurance premium has an appropriate information about insured bank's default risk and can be relative with insured bank's profitability, capital adequacy and capital forbearance.