Through a new city service residents that are covered by the city medical insurance can now share their accounts with other insured family members when their balances exceed the city’s average monthly salary for last year. The service has been initiated by the Shenzhen Social Insurance Fund Management Bureau and allows the card owners to [...]
Since the flexible car insurance scheme was introduced last February, a lot of motorists have already benefited from it. The scheme was aimed at giving insurers greater autonomy to develop new car insurance products and set premium changes. Premiums for private cars are at 4,554 yuan between March to May, indicating a six percent fall [...]
Rewards of up to two million yuan have been offered to rescuers for every worker that the can rescue alive in a collapsed mine in Guangxi last week. Although heavy rains have been preventing the rescuers from doing their work, all efforts are still being made. There are 19 workers trapped underground in Heshan City, [...]
The city’s human resources and social security bureau drafted a maternity insurance regulation that requires employers to provide maternity insurance for their female employees. The drafted regulation has now been released to the public for opinion. When passed, employers will be required to pay a monthly premium of 0.5 percent of the average monthly salary [...]
Diwang Mansion, one of the tallest skyscrapers have a property insurance premium of 100,000 yuan per year. Even when a single pane of glass window cost 50,000 yuan alone. The city insurance regulatory bureau said that the building is insured for 500 million yuan. Experts say that the premium is not enough to cover damages especially [...]
During a State Council executive meeting, a drafted regulation was approved. The new regulation was for land requisition and compensation that will provide more protection for home owners. Inthe drafted regulation homeowners can be compensated for their property at a price not lower than the market price. Compensation will also include cost of moving and [...]
With so many people working for Shenzhen companies that do not provide adequate pension plans and especially for those people who work for themselves, the need to have an adequate retirement and savings strategy in place is one of the most important issues an individual or family faces. Whether it is saving for retirement or [...]
Life is all about risks, but insurance is one of those things that we simply cannot risk going without. Identifying insurance specifically geared towards expatriates living here in Shenzhen is not easy. As it turns out, brokers for Global Wealth Management, who was awarded expatriate insurer of the year for 2006, 2007 and 2008 by [...]
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Shenzhen Standard. All Rights Reserved.
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