Starting from the product conversion mechanism, the supervision intends to enrich the supply of endowment insurance
Under the guidance of China Banking and Insurance Regulatory Commission, China Insurance Industry Association has carried out research on the conversion mechanism of life insurance and nursing insurance, and preliminarily formulated the conversion scheme. The conversion scheme mentioned above is a scheme to meet the protection needs of consumers for disability risk, establish a conversion mechanism between life insurance compensation liability and nursing payment liability, and realize the conversion of some or all life insurance policy values or benefits into nursing insurance liability.
This text is a result of machine translation.
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