The story appears on

Page A2

December 24, 2012

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeNation

Repeal of insurance policy to cut the cost of train travel

TRAIN fares should be around 1 percent lower from next month following the repeal of China's decades-long compulsory insurance policy. From January 1, an insurance fee will not be added. Compulsory railway insurance has been criticized as unfair and a contradiction to China's insurance law, which says nsurance should be voluntary.

A provision that sets a maximum 150,000 yuan (US$24,060) compensation in accidents and 2,000 yuan for lost luggage has also been deleted.

China ended similar compulsory insurances for ship and plane travelers in 1987 and 1989, Xinhua news agency reported.

 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend