Dajia Insurance Group, created to take over parts of fallen Anbang Insurance Group Co. Ltd.’s assets, launched an online shop to sell insurance products.
Dajia was set up in June to receive Anbang’s life insurance, annuity insurance and asset management operations and some of the assets of its property and casualty insurance unit. The other units will also launch official websites soon.
Currently there are only four insurance products available for preorder in the online shop, covering high-end medical insurance, accident-injury insurance for motor vehicle drivers and passengers, health insurance for severe illness treatment costs and loss of income, and life insurance.
Dajia was jointly established by state-owned bailout fund China Insurance Security Fund Co. Ltd., state-owned Shanghai Automotive Industry (Group) Corp. and state-owned oil giant China Petrochemical Corp.
Contact reporter Denise Jia (firstname.lastname@example.org)