Starr Cos. announced it is working with China’s PICC Health Insurance Co. Ltd. to provide insurance for Chinese company employees working overseas in Belt & Road Initiative (BRI) countries.
The companies are providing a specialty accident and health offering jointly developed by PICC Health, Starr Property & Casualty Insurance (China) Co. Ltd., and Starr Companies’ Assist Card International subsidiary. PICC Health is a subsidiary of the People’s Insurance Co. (Group) of China Ltd.
In addition to medical and accidental death & dismemberment benefits, the product provides customers with benefits and services including medical evacuation and repatriation, compassionate visit, food poisoning, kidnap and ransom protection, as well as unique solutions such as risk management advice and cashless medical payment services through the Assist Card International network. A dedicated call center has been established to provide global services to Chinese customers including those working in BRI countries.
This cooperation between these two parties provides strong support for the employees of Chinese companies active in BRI countries, with the objective of building a “Healthy Silk Road.”
Source: Starr Cos.
* [Editor’s note: Launched by China in 2013, the Belt & Road Initiative, also known as “one belt, one road,” is an ongoing project to invest billions of dollars of infrastructure in countries that link the Silk Road with Europe.]
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