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Amendment to Point 2 of the "Directions for Insurance Companies to Engage in Microinsurance Business"

To continue promoting microinsurance and ensure that it plays its intended role of providing for protection needs left unmet by the government's social security and social assistance mechanisms, the FSC on 19 January 2021 amended Point 2 of the "Directions for Insurance Companies to Engage in Microinsurance Business" (the amended provisions took effect immediately). The key point of the amendment is to expand the range of persons eligible for microinsurance to include mid- or low-income senior citizens who receive a living allowance (and their family members), so that such persons can also enjoy the basic insurance protections afforded by microinsurance.
Visitor: 240   Update: 2021-04-29
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