Insurance scheme a boon for residents
Print Edition
Jiading government has been cooperating with Pacific Life Insurance and Pacific Property Insurance to buy life insurance for local residents, including families with local household registration, immigrating professionals and people over the age of 60.
By the end of last year, the insurance had paid 265,700 yuan (US$42,538) in 315 life insurance cases and 27,560 yuan in 29 property insurance cases.
The insurance costs the district government more than 3 million yuan a year.
In June of last year, a citizen in Xuhang Town died in a construction site accident, and his family got 2,000 yuan of compensation from the insurance company.
In another case, a house in the Juyuan neighborhood suffered storm damage. The insurance company immediately paid out 1,200 yuan.
Some residents also received life aid insurance, comprehensive life insurance and comprehensive community insurance at the same time. For example, a 70-year-old man who was diagnosed with uremia and spent tens of thousands of yuan in medical treatment received compensation from the multiple insurances.
However, a random interview on the street showed that many citizens don鈥檛 know that they could get compensation when suffering from ill-health or property loss.
This year, 54,000 children under the age of 14 will be involved in the insurance project.
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