1. Text: | Print|

      Regulator calls foul on World Cup 'regret' insurance

      2014-06-27 09:47 China Daily Web Editor: Wang Fan
      1

      The insurance regulatory body on Thursday halted the sale of insurance products that carry a whiff of lottery at a time when many consumers are pressing their luck on the ongoing World Cup.

      In an announcement released on its official website, the China Insurance Regulatory Commission said it has banned insurers from developing and selling products that exhibit characteristics of gambling or chance, reiterating that insurance products must strictly adhere to the country's Insurance Law.

      Shortly before the global soccer event debuted, Chongqing-based Ancheng Property & Casualty Insurance Co Ltd started selling so-called "World Cup regret" insurance at its Tmall store, which is the B2C platform of Alibaba Group Holding Ltd. The insurance products, which sold for 8 yuan ($1.20) apiece, held that if a team was eliminated in a certain round, the buyer would be entitled to a claim of up to 49 yuan.

      On Thursday, no World Cup-related insurance product could be found in Ancheng's Tmall store. According to Huang Xiao, general manager of Ancheng's e-commerce department, the company stopped selling the products on Wednesday. But he would not say whether that action was related to the regulatory body's latest policy.

      Still available on Tmall, however, were World Cup-related products offered by Shanghai-based Zhong An Insurance Co Ltd. If a consumer buys its "getting drunk" insurance for 3 yuan and has an alcohol-related incident during World Cup play, he will receive 200 yuan for an emergency call and 2,000 yuan toward hospitalization expenses. The "night owl" insurance, also for 3 yuan, provides the same compensation for an acute upper respiratory infection during the games. And the "soccer hooligan" insurance offers the same compensation if the buyer gets robbed or physically hurt during the games.

      The products from Zhong An seem popular: Each one has received at least 300 orders in the past few days, with some getting more than 1,000.

      According to Ge Ruichao, director of the finance department of Taobao, a popular online marketplace of Alibaba, Taobao only serves as a platform on which insurers can sell their products. All they can do is make sure that everything sold on Taobao is legal.

      But he added that various kinds of insurance products sold online will go a long way toward educating consumers about the essence and value of insurance, as every product sold online is displayed with user reviews.

      "But it will take some time before the majority of consumers can accept and understand the new products introduced to them," he said.

      Mark Bain, director of KPMG China, said that a regulatory agenda that focuses on protecting consumers and improving the range of products available on direct sales channels in both the life and general insurance sectors has helped improve customer experience in China.

      "Insurance-buying decisions are increasingly influenced by 'peer review' on the Web and social channels," Bain said, "which, in turn, creates new opportunities for insurers to differentiate themselves."

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 四虎影视免费永久在线观看| a级日本高清免费看| 久久久久国色AV免费观看性色| 久久青草亚洲AV无码麻豆| 中文字幕成人免费高清在线视频 | 91成人在线免费视频| 亚洲产国偷V产偷V自拍色戒 | 久久永久免费人妻精品| 亚洲高清专区日韩精品| 华人在线精品免费观看| 五月天网站亚洲小说| 久久精品免费观看| 亚洲精品色午夜无码专区日韩| 精品国产福利尤物免费| 亚洲AV永久精品爱情岛论坛| 91香蕉在线观看免费高清| 久久亚洲sm情趣捆绑调教| 国产免费AV片在线播放唯爱网| 亚洲13又紧又嫩又水多| 国产精品无码素人福利免费| 一级毛片不卡免费看老司机| 精品亚洲综合在线第一区| 亚洲国产精品免费在线观看| 亚洲kkk4444在线观看| 国产一级淫片免费播放电影| 中文字幕不卡高清免费| 久久亚洲日韩看片无码| 日韩中文字幕在线免费观看| 九九热久久免费视频| 亚洲综合在线视频| 国产精品va无码免费麻豆| 中文字幕av免费专区| 亚洲午夜国产精品| 亚洲国产成人久久一区久久| 永久免费av无码入口国语片| 亚洲五月综合网色九月色| 亚洲av无码国产精品色在线看不卡 | 亚洲一区二区免费视频| 亚洲欧美成aⅴ人在线观看| 亚洲Av无码乱码在线观看性色| 国产精品免费观看调教网|