President of China Post Group Li Guohua, member of the Fourth Session of the National Committee of the 12th Chinese People's Political Consultative Conference (CPPCC), put forward a three-point proposal to cover more rural residents with commercial life insurance at the recently concluded Fourth Session of the National Committee of the 12th Chinese People's Political Consultative Conference (CPPCC) in Beijing.
The past three decades have seen parallel growth in rural economy and personal income, creating fertile soil for the implementation of commercial life insurance. Meanwhile, further development of such insurance in rural China is critical to social stability and balanced development between cities and villages.
Regarding lower awareness of life insurance amongst rural residents and little participation in providing this service by agencies, Li suggested relevant governmental departments to introduce preferential policies, offer concerned firms multiple means of assistance in their rural business operations, and learn from foreign counterparts in the promotion of micro-commercial life insurance.
In addition, equal efforts should be made to help more rural citizens understand the importance of commercial life insurance.