Insurance Firm to Give Out Subsidies for Pollution Related Illness
A local Chinese firm recently released a new health insurance which focuses on smog, which some are saying will be the first of its kind in the country that compensates a person that is made ill by the air pollution of up to 1,800 yuan. The product rolled out once the Beijing was ranked among the ten most polluted Chinese cities.
The People’s Insurance Company of China the issuer of the insurance said that the insurance will be available only to Beijing residents aged 10 to 50, with premiums from 78 to 154 yuan. Those insured who landed in the hospital due to illness that is related to the pollution such as cardiovascular or respiratory diseases can claim of up to 100 yuan for 15 days. Policy holders will even be offered a one off sum of 300 yuan if the event that the air quality index in the capital’s 12 monitoring stations will exceed 300 in five consecutive days.
But conditions set by the insurer is difficult to meet as some of the monitoring stations are found in mountainous suburban areas that records lower readings compared to monitoring stations found in the downtown areas. Also it is difficult to determine is smog will be the primary cause of a person’s hospitalization, which makes insurance claims very tricky.
Based on the monthly reports submitted by the Ministry if the Environmental Protection which stated that eight out of ten cities have the worst air quality readings for the month of February is found in the Beijing-Hebei-Tianjin area. Air quality in these regions failed to reach the national standard by 70 percent.