Chongqing Three Gorges life FM

On May 17, the insider, currently under construction in Chongqing Three Gorges life insurance company limited (hereinafter referred to as "life of the three gorges). Life of three gorges project registered capital of RMB 1 billion. Worth noting is that life whether it's application in preparation of the three gorges is the future of business development, play is the three gorges. After impoundment of three Gorges reservoir area into the era of the three gorges after, many financial institutions, including banks are looking to obtain benefits. Life plan for the future of the three gorges in all kinds of large-scale sales target of national key project involving immigrants in insurance markets, developing personalized insurance products. Recommended reading insurance weekly: variable annuity pilot started five first elected to the insurance enterprises in violation of Beijing-Shanghai promotions fined 500,000 insurance circles "Wang yawei" surfaced exaggerating the gains did not mention the risk of banking and insurance disputes should continuously give families "pillar" feet on joint insurance regardless of non-indemnity insurance is zehui Shi Qiming Immortals watch lectures on disk to create the superior life of three gorges project is only in the planning stage. Financial Director of Chongqing Luo Guang said, "there is no get construction permits. "But one of the shareholders lifan group related to the situation said, get approval is a high probability. If successful, life of the three gorges will become the sixth local corporate insurance agencies in Chongqing. Ten-year break even in three Gorges reservoir life registered capital is intended to be for $ 1 billion, formed by the 7 shareholders ' investment, namely Yu company, Chongqing finance group, Chongqing lifan group, 7 companies such as home and investment company, limited. Chongqing lifan group and company respectively funded $ 200 million, 20% shares, and as the largest shareholder. Current preparatory work is already in advance. Introduction to a person involved in the matter, now set up a preparatory group meetings were held, by Dr Li surname group leader. However, appointments in the future you have yet to be finalised. Lifan group announcements show, life of the three gorges is a traditional life insurance, pension insurance and health insurance as the main business of the professional and policy of strong life insurance company. A market in Chongqing said life is playing in the three Gorges reservoir of three gorges project. Relevant departments will convene a meeting of the three gorges economic development issues in the near future, financial institutions, including the Bank of three gorges project has already begun in the layout of the three gorges. Related departments also hopes insurance make a difference. A noteworthy phenomenon, has been in applying for the establishment of Chongqing wanzhou insurance branch. This was interpreted to enhance the area of insurance initiatives. But the majority shareholder of TGP's life also from wanzhou, such as State-owned asset management company, Chongqing wanzhou in wanzhou, Chongqing natural gas Co Ltd and Chongqing wanzhou water co., Ltd. For the future development of life in Chengdu-Chongqing economic development zone, southwest of the three gorges economic development zone, East China five province economically active areas for high growth business center, to rely on this to, and actively to the radiation of the surrounding areas. Shareholders also gives management more lenient management space. Three Gorges life want to reach break-even period in about ten years, optimistic in 2018 is expected to achieve profitability, and on the basis of profit in the three years, seeking in 2021. Licence of suspense these people say, life can obtain licences remains to be seen of the three gorges. Previously, Chongqing has submitted two Jiang Renshou and planning of Chongqing agricultural applications. At the same time submit two applications in one region are rare, China insurance regulatory Commission more without at the same time to a region of the three licence precedent. Farmers ' insurance in Chongqing had been planned for nearly 2 years, two Jiang Renshou is supporting product of the two rivers area, after two rivers district to Pudong, Shanghai, Tianjin Binhai third State-level development zones. Application of these two bodies have good "story". However, the life of the three gorges is very confident about this. Lifan Group on said, given three gorges life of operating target is for mitigation Three Gorges immigrants relocation and highlights of social security livelihood problem, by commercial life insurance cover because local financial shortage and cannot full implementation of social security policy, both solution government financial Shang of pressure and system Shang of insufficient, is insurance service Yu national, and Government of once actively of exploration and useful of attempts to, therefore, smooth made operating licence of possibilities larger. However, the members of the preparatory group also admits that now only in preparatory stage, uncertainties can obtain the licence. Currently in Chongqing have new Oriental (600,327, unit) life insurance company Ltd, Chengdu, Xian great Eastern had been opened two new branches outside the province, premium scale of 500 million Yuan last year. Hyder insurance completed a national layout, premium income last year to $ 1.6 billion. Another institutional interest in Chongqing mutual for $ 380 million. Current number of insurance institutional Chongqing after Beijing, Shanghai and Shenzhen, if life, two of the three gorges Jiang Renshou, Chongqing farmers ' insurance goes to obtain licences, Chongqing's insurance legal institutions will reach 6. Insurance Sun Peicheng said the Secretary of Chongqing, insurance Council guide is the primary focus of this year in the establishment of Chongqing insurance corporate and regional headquarters, support center insurance agencies in the establishment of Chongqing headquarters functions.