CITIC-Prudential Life Insurance Co signed a deal on Monday with CITIC Trust Co to launch a trust, with the policy to be the target, as they eye business opportunities among high-end clients.
This is the country's first trust based on insurance coverage. The clients of such trusts will be policyholders with an insurance coverage higher than 8 million yuan ($129,000)
According to Bao Hongjian, chief marketing officer of CITIC Prudential Life Insurance Co, money will enter into the trust when claims are settled, otherwise the money will reside in the insurance company.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
