Government funds to buy liability insurance for easing worries of old-age care institutions

Date:2018-07-13

Recently, it was learned from the Department of Civil Affairs of Guangxi Zhuang Autonomous Region that the Department of Civil Affairs of Guangxi Zhuang Autonomous Region has determined that the Guangxi Branch Company of Ping An Insurance (Group) Company of China, Ltd. will undertake the liability insurance work for the old-age care institutions (insured) in the whole region from January 2018 to December 2019 through public bidding.


The form of insurance participation is government-funded, that is, the government will uniformly fund to purchase two-year liability insurance of the old-age care institutions for all the eligible old-age care institutions in the region, which solves the worries of the old-age care institutions, and maintains the legal rights of the old-age care institutions and the elderly. The insurance includes the liability insurance for the old-age care institutions, and the accident insurance for the extended service object, with the insurance coverage of the whole-day insurance liability in the areas of the old-age care institutions, covering the whole process that the elderly receive the service from the old-age care institutions. Accidents regardless of whether they are the responsibility of the old-age care institutions are included in the insurance coverage during the validity period of the old-age service contract (without limit of time and space).

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