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Q: Can a foreigner buy a local term insurance policy like for accidents?
As a foreigner, can I only purchase insurance policies from international assurances like Prudential, Aviva, AIA? Can't I buy from the local China Life &/or China Ping'an insurance companies.
Note: I am referring to general term policies like an accident policy of assured RMB 500,000 for the normal accident claims within China; terms & conditions per policy terms. Pse note my wife is a local and she will be the beneficiary.
Thank you.
14 years 46 weeks ago in Money & Banking - China
You have the choice either international or local insurance policies.
Each insurance company may have different policies or conditions, but they all propose this kind of accident policy or sometimes it's included together with the health insurance policy.
For instance, mine covers both health and accidents. But I'm sure you can get only the accident one.
