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Article: CHINA'S FIRST HEALTH INSURANCE FIRM OPENS IN BEIJING.
- Article from:
- AsiaPulse News
- Article date:
- August 12, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING Aug 12 Asia Pulse - PICC Health Insurance Ltd, China's first specialized health insurance company, opened a branch in Beijing yesterday.
Other Chinese firms offer health insurance as well as other kinds of insurance, but PICC Health Insurance Ltd is the first enterprise in the country to only deal with the former.
There is a huge demand for health insurance in the world's most populous country. As many as 65 per cent of Chinese residents list illness as one of their three greatest concerns, PICC Holding officials said.
According to unofficial estimates, the market may grow to 300 billion yuan (US$36 billion) by 2008.
However, ...