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BEIJING PRIVATE VEHICLES TO BENEFIT MOST FROM INSURANCE REFORM


AsiaInfo Services

12-24-2002

Beijing Private Vehicles to Benefit Most from Insurance Reform

BEIJING, Dec 24, 2002 (SinoCast via COMTEX) -- Vehicle insurance reform scheme of People's Insurance Company of China (PICC) divides the whole country into 4 parts. The premium rates in the 4 parts queue from low to high as A, B, C and D grade. Zhang Weili, vice general manager of PICC Beijing Branch said yesterday, "Although Beijing was divided into Grade-B part, the vehicles of individuals and some qualified clients in administrations and companies will enjoy Grade-A

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