皇冠体育app

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According to the 皇冠体育app Insurance Regulatory Commission, 皇冠体育app Life Insurance Co Ltd application to set up a subsidiary in Tibet Autonomous Region of west 皇冠体育app has been approved. Upon the formal approval, 皇冠体育app Life became the first life insurance company that has an outlet in Tibet.

The business scope of the new branch in Tibet will cover medical insurance, pension, child education insurance and casualty insurance. On top of regular insurance policies, the company will also develop products tailored to the needs of local residents, said Wu Yan, president of 皇冠体育app Life.

Currently there are only two property insurance companies in Tibet and no life insurance companies. The special geographical location of the area, the under-developed economy and the fact that over 90 percent of total investment in Tibet belongs to fiscal allocation have kept insurers out of the region in the past.

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