1.1mn Shijiazhuang Citizens Enjoy Large Medical Insurance

SHIJIAZHUANG, Sep 25, 2008 (SinoCast via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- Till now, up to 1.1 million citizens of Shijiazhuang, capital of Hebei Province in Northern China, have taken part in the large-amount medical insurance system.

As early as 2007, the government of Pingshan County, Northwest Shijiazhuang, formed a partnership with the Shijiazhuang Branch of China Life Insurance Co., Ltd. (SEHK: 2628; NYSE: LFC; SHSE: 601628) to provide the large-amount medical insurances for 364,000 rural residents participating in the new rural cooperative medical scheme (NCMS).

The medical expense reimbursement threshold is fixed at CNY 60,000. 80% of the total expenses these rural residents pay for medical treatment will be reimbursed, if they see a doctor in the NCMS appointed medical institutions. The large-amount medical insurance system had reimbursed 35 people for their aggregately expenses of CNY 773,600.

At the inception of this year, the Shijiazhuang government began to promote Pingshan's large-amount medical insurance experience in 17 counties and county-level cities.

From www.shihua.com.cn, Page 1, Wednesday, September 24, 2008 info@SinoCast.Com

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