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Special insurance runs into billions
10/10/2007 13:49

Shanghai Daily news

Insurance for people attending the Shanghai Games has set new records for the Special Olympics.
The China Insurance Group has provided cover for 14 items, including accident insurance, property insurance and travel insurance, for 70,000 people.
The policies are underwritten by three companies in the group - Taiping Life Insurance Co Ltd, the Tai Ping Insurance Company and Ming An Insurance Company.
The total sum insured is 160 billion yuan (US$21 billion), the average personal cover is US$100,000 and the highest is US$30 million.
The number of items covered, the number of people covered and the total sum insured are all Special Olympics records, the group said.
"The service for the Games is very different from the business we have covered before, thus the companies have made new products especially for it," said Shen Nanning, a spokesman for the group.
Representatives have been on hand outside the stadiums to help delegations and their families.
The companies have dealt with 175 claims, 87 percent of which were for injuries.
The staff members of the companies have been well trained to accept claims and deal with them.
"We promised the Games that our service would be loving, professional and convenient to access," said Shen.