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Chinese insurer unveils smog insurance policy

The insurance is available for Beijing residents, aged 10 to 50, at premiums ranging of 78 to 154 yuan

March 19, 2014 8:52 IST | India Infoline News Service
People's Insurance Company of China (PICC) has rolled out a new smog-focused health insurance - the first of its kind nationally - which compensates Beijingers made ill by air pollution with up to 1,800 yuan (HK$2,270).
PICC is a state-owned company in China. The holding company promotes its subsidiaries, PICC Asset Management Company Ltd and PICC Property and Casualty Company Ltd (PICC P&C).
The insurance
is available for Beijing residents, aged 10 to 50, at premiums ranging of 78 to 154 yuan. Clients who land in hospital for smog-related illnesses, such as respiratory and cardiovascular diseases, can claim 100 yuan per day for 15 days.
Policyholders will even be offered a one-off sum of up to 300 yuan in the event that the air quality index (AQI) in Beijing's 12 monitoring stations all exceed 300 for five consecutive days.

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