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  • April 20, 2014
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  1. News - World - UNITED STATES

    Silicon Valley billionaire buys record US$201 million life insurance policy

    Posted Mar 17th 2014, 05:31am by AP

    ... Associated Press in San Francisco Billionaire buys record US$201m life insurance An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy, ... said. Guinness credits Frances with the record for selling the policy, surpassing British life insurance salesman Peter Rosengard, who helped put together Geffen's policy. Frances ...

  2. News - China - Flight MH370

    Families of some passengers on missing Flight MH370 receive insurance payouts

    Posted Mar 27th 2014, 03:35pm by Reuters in Beijing

    ... The families of seven passengers received 4.17 million yuan (HK$5.25 million) in compensation on Tuesday, China Life, the country’s largest insurance company, was quoted by Xinhua as saying. China Life ... yuan as of Wednesday, Xinhua said. Sunshine Insurance said it has compensated 500,000 yuan for a family of three, while New China Life Insurance estimated its compensation would reach 1 million ...

  3. News - China - Flight MH370

    Chinese insurers start making payments for clients on Malaysia Airlines flight

    Posted Mar 26th 2014, 05:00am by Kwong Man-ki

    ... no survivors. The total payout for Ping An's clients is expected to be well above 10 million yuan, a company spokesman said. China Life Insurance said payouts totalling 4.17 million yuan were made to seven families up to yesterday. The insurer said it had 32 clients with a total of 74 policies on board the Boeing 777. China Life said it expected the total insurance payout to be about ...

  4. News - China Insider - AIR POLLUTION

    Chinese regulator calls off smog insurance allegedly over ‘lottery-esque’ terms

    Posted Mar 25th 2014, 07:05pm by Chris Luo

    ... Chris Luo chris.luo@scmp.com Expert casts suspicion on policy and its difficult-to-meet terms The mainland’s insurance regulator has reportedly suspended China’s first smog insurance policy just a week after it was introduced, as sources said its terms and conditions raised suspicions. The People’s Insurance Company of China (PICC), the country’s largest non-life-insurer ...

  5. News - China Insider - TENCENT

    WeChat’s latest viral hit in China: health insurance

    Posted Mar 06th 2014, 07:03pm

    ... Josh Horwitz A collaboration between Tencent and Taikang Life Insurance allows WeChat users to receive various amounts of health insurance protection Over a month after Tencent’s WeChat ... have been participating in a gifting scheme known as “Wei Huzhu”.  Headed up by Beijing-based Taikang Life Insurance, the promotion lets users pay one yuan through WeChat Payments and receive ...

  6. Business - China Business

    China pushing insurers to quickly settle claims in Malaysian plane case

    Posted Mar 11th 2014, 12:13am by Enoch Yiu

    ... on the plane. China Life Insurance also said it has contacted the families of its policyholders on the flight but did not give the number of them. Bernard Chan, a member of the Hong Kong Executive ... are ever found. "However, if it's confirmed to be a terrorist attack, certain travel insurance policies may not apply. But families of those who purchased life or accident policies would ...

  7. News - Asia

    Insurers of flight MH370's passengers have no precedent for policy payouts

    Posted Mar 15th 2014, 12:11am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Though the Malaysia Airlines case is unprecedented and the flight's fate unknown, insurers are more likely to pay out sooner rather than later Flying into a policy vacuum The unprecedented nature of Malaysia Airlines flight 370's disappearance means it is up to the discretion of the passengers' insurers whether or when they make payouts ...

  8. News - Hong Kong

    'Dumped' HK$28m painting ‘covered by insurance’

    Posted Apr 10th 2014, 01:38pm

    ... Poly Culture Group Corporation, said: “The [corporation board] wishes to emphasise that Poly Auction Hong Kong has maintained insurance coverage for the auction items in terms of the administration of auction items at the preview exhibitions and auctions. “All the damages or loss of auction items within our scope of insurance coverage will be handled and compensated properly ...

  9. News - China - ENVIRONMENT

    Chinese insurer offers smog insurance policy, the first of its kind

    Posted Mar 19th 2014, 04:49am by Li Jing

    ... firm 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). The product was rolled out as the capital once again ranked among the 10 most polluted mainland cities in the latest figures published yesterday. The insurance from the People's Insurance Company of China ...

  10. News - Asia - SOUTH KOREA

    Life on hold in South Korea, a nation paralysed by tragedy

    Posted Apr 18th 2014, 10:30pm by AFP

    ... Agence France-Presse in Seoul Political campaigns suspended, TV shows and concerts cancelled as stunned South Koreans wonder how such a ferry disaster could happen Life on hold in nation paralysed by tragedy Stunned by this week's ferry disaster involving hundreds of missing schoolchildren, South Korea has gone into shock, with political campaigns suspended, television shows ...




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