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Bank taps insurance business

 

The Shanghai Pudong Development Bank yesterday
signed a three-year agreement with AEGON-CNOOC Life
insurance Co. Ltd., a joint venture between the AEGON
Group in the Netherlands and the China National Offshore
Oil Corp, to jointly-develop the insurance business in the
Shanghai region.

"This is the bank's first trial to elbow its way into the
insurance field,” said Xu Jianfen, deputy general manager
of the bank's Shanghai headquarters.

Under the agreement, both will promote their first
product against SARS with an annual premium of 100 yuan
(US$12), which has been approved by the China Insurance
Regulatory Commission.


摘自:《China Daily》 2003-05-30