Tag: Insurance

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China Tests Micro-Insurance For Rural Poor

Wu Qi of Xinhua reports on the government’s latest efforts to introduce micro-insurance to rural China. Dai Yongheng never imagined he would make history. But he did just that on Sept. 3, 2008. The middle-aged farmer from north China’s Shanxi Province procured a fixed-term life insurance for all five members of his family. He paid 150 yuan (21.90 U.S. dollars), becoming the first micro-insurance