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Rush to buy health insurance with survival benefits

By Song Hongmei (chinadaily.com.cn)
Updated: 2006-09-07 10:05

People are rushing to buy medical and disease insurance policies as a newly released health insurance regulation stipulates that health insurance will no longer include survival benefits as of September 1.

When selling policies to protect against losses caused by medical bills and diseases, insurers will no longer be able to include survival benefits, according to the new regulation issued by China Insurance Regulatory Commission (CIRC).

Since CIRC released the rules on August 14, the sale of health insurance policies with survival benefits has increased in some cities. It rose 40 percent in Southwest China's Chongqing Municipality, according to the Chongqing Evening News.

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The full text is available in the September Issue ofChina Insurance.