China offers bird flu insurance - Democratic Underground

emad

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Tue Nov-08-05 10:43 AM
Original message

China offers bird flu insurance

Edited on Tue Nov-08-05 10:44 AM by emad

A Chinese insurance company is to become the first to start offering a life policy specifically for bird flu.

Minsheng Life Insurance has been given the go-ahead by the China Insurance Regulatory Commission, according to the state-run China Daily newspaper.

The scheme will pay out a maximum of 100,000 yuan ($12,400; £7,000).

People in the main cities will pay 200 yuan for the policy, while those outside only 100 yuan, although for a reduced payout of 50,000 yuan.

http://news.bbc.co.uk/1/hi/business/4417538.stm

TURKEYS, chickens etc need not apply....

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William769

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Tue Nov-08-05 10:53 AM
Response to Original message

1. & who said capitalism is not taking hold in China.

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CountAllVotes

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Tue Nov-08-05 11:12 AM
Response to Reply #1

2. not surprising

Opportunistic ... nothing new ... move along.

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