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BackThe country's first all-region, multi-scenario exclusive security plan for foreigners entering the country was unveiled at the CIIE
The country's first all-region, multi-scenario exclusive security plan for foreigners entering the country was unveiled at the CIIE
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中国新闻网15 minutes agoBusiness6 min readChinaView original

The country's first all-region, multi-scenario exclusive security plan for foreigners entering the country was unveiled at the CIIE

Create a four-in-one comprehensive solution of "guarantee, rescue, service, and cross-border docking"

Quick Look

  • On November 7, China Pacific Insurance Life launched its "Global Services Shared Future" comprehensive insurance plan for inbound foreigners at the 9th China International Import Expo.
  • It aims to meet the urgent needs of foreigners in China for insurance coverage such as sudden illness and accidental injuries, and to build a comprehensive multi-scenario insurance system for all regions.

AI-generated summary

Why It Matters

Nine ministries and commissions including the Ministry of Commerce jointly issued the "Policies and Measures on Promoting the Export of Travel Services and Expanding Inbound Consumption" to promote the standardization and facilitation of inbound travel services.

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On November 7, China Pacific Life Insurance, a subsidiary of China Pacific Insurance Company, and Shanghai Modern Service Industry Federation launched the "Global Services Shared Future" comprehensive insurance plan for inbound foreigners at the 9th China International Import Expo. Relevant leaders from the Finance Office of the Shanghai Municipal Party Committee, China Travel Agency Association, China Disaster Prevention Association, Shanghai Modern Service Industry Federation, strategic partners and representatives from foreign service agencies attended this event. Zhang Yuhua, market development director of China Pacific Insurance, Sun Jianping, president of Shanghai Modern Service Industry Federation, Li Jinsong, general manager of China Pacific Life Insurance, and Dai Chuanjiang, deputy general manager, attended the event.

Policy demands are on the same frequency: inbound "traffic" brings guaranteed "retention"

2026 is the first year of the "15th Five-Year Plan". Nine ministries and commissions including the Ministry of Commerce jointly issued the "Policies and Measures on Promoting the Export of Travel Services and Expanding Inbound Consumption" to promote the standardization and facilitation of inbound travel services. As the number of foreigners coming to China for business exhibitions, cultural tourism, and economic and trade negotiations continues to increase, they have an urgent need for insurance protection such as sudden illness, accidental injury, and cross-border rescue. China Pacific Insurance Life Insurance actively promotes the implementation of the country's first comprehensive multi-scenario comprehensive protection plan for inbound foreigners. Based on the differentiated core needs of foreigners, with international standards, Chinese adaptation, full coverage, and simplified services as the core, it creates an exclusive product service system and builds a four-in-one comprehensive solution of "guarantee, rescue, service, and cross-border docking".

Li Jinsong said in his speech that China Pacific Insurance will always resonate with the national strategy: first, from the perspective of the "big country", embed the insurance function into the overall openness to ensure the sense of security of foreigners and improve the soft power of China's business environment; second, based on the dimension of global competition, give full play to all brands The third is to focus on the breadth of mutual learning among civilizations, copy and promote the plans polished in the CIIE scenes to more cities, scenes and countries, and use insurance as the language to tell the world a responsible and trustworthy Chinese financial brand.

First appearance at CIIE: "Adaptation" guarantee for diverse scenarios in China

This plan is based on China Pacific Life Insurance’s previous experience in serving the China International Fair for Trade in Services in Beijing, based on the inbound insurance experience of mature international markets, and the actual iterative upgrade of China’s medical security system. It presents three characteristics:

Full coverage of scenarios - suitable for various scenarios of coming to China such as CIIE participation, business inspections, short-term residence, academic exchanges, etc. It can be selected on demand and accompanied by insurance when traveling. A set of plans can meet the protection needs of foreigners with different lengths of stay and different purposes of coming to China;

Comprehensive medical connection - insurance liability is extended to accidental medical treatment and emergency medical treatment of acute diseases. Both internal and external social insurance and self-paid items can be covered. Medical treatment is connected to second-level and above hospitals, including special needs departments and international departments, so that foreigners can seek medical treatment according to their own habits;

The entire service process—insurance, case reporting, medical treatment, and claims settlement—is integrated with multi-lingual services in English, French, Italian, etc., as well as a pre-compensation mechanism, an escort mechanism, and a green channel, realizing the transformation from "post-event compensation" to "full-process companionship."

Foreign-related insurance protection: from “product supply” to “service integration”

Guests at the event jointly pressed the start-up device, marking the official release of the "Global Services Shared Future" China Pacific Life Insurance Comprehensive Insurance Plan for Inbound Foreigners. Subsequently, the first policy handover was carried out to promote the plan from R&D and design to practical application in Beijing, Shanghai, Guangdong and other places. This policy has also become a concrete carrier for the CIIE to serve global merchants and convey openness and inclusiveness.

In the future, China Pacific Insurance Life Insurance will expand its service network for inbound foreigners across the country, rely on institutions and service systems to build foreign-related service channels, and expand its plans from the CIIE venue to more cities; it will keep up with trends such as the expansion of the visa-free "circle of friends", the increase in international exhibitions and events, and the rise of cross-border elderly care and medical tourism. Iteratively optimize guarantee responsibilities and multilingual services; precipitate the processes and mechanisms formed in practice into replicable foreign-related service specifications, based on the construction of Shanghai as an international financial center, play the role of insurance economic shock absorber and social stabilizer, escort Sino-foreign economic, trade and cultural exchanges, and assist the country's high-level opening up to the outside world.

What to Watch

AI outlook — possibilities, not facts

  • China Pacific Insurance Life Insurance will expand its service network for inbound foreigners nationwide

    Likely · Within months

Open Questions

  • What are the specific rate standards for this insurance plan?
  • Which specific cities will it expand to in the future?

Related Topics

This article was originally published by 中国新闻网.

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