The People’S Insurance Company (Group) Of China Limited(601319) chief underwriting property insurance company of China Eastern Airlines crashed passenger plane starts compensation prepayment preparation

On March 21, a Boeing 737 of China Eastern Airlines lost contact over Wuzhou while carrying out the mission of Kunming Guangzhou flight. At present, it has been confirmed that the plane crashed. There are 132 people on board, including 123 passengers and 9 crew members.

According to the verification, the aircraft is underwritten by The People’S Insurance Company (Group) Of China Limited(601319) chief. After the accident, the Party committee of The People’S Insurance Company (Group) Of China Limited(601319) group attached great importance to it. PICC Property Insurance started the emergency mechanism for major accident claims at the first time, established a special leading group and working groups for claims settlement, business and support, and immediately connected with CAAC and China Eastern Airlines to rush to the scene to guide the follow-up work.

PICC P & C has launched five service measures for this accident

According to Xinhua news agency, on the afternoon of March 21, a Boeing 737 of China Eastern Airlines crashed in Teng County, Wuzhou, Guangxi.

In response to the accident, the insured insurance company also started relevant work. It is reported that the insurance company will provide the following five insurance measures:

All day long, will start the green channel, report the case all day, open 24 hours, 95518 special lines, counter, The People’S Insurance Company (Group) Of China Limited(601319) official account, WeChat public number, easy access to the thumb, and so on.

second, start the advance preparation of compensation and prepare the reserve funds in advance

third, the expert group led by the vice president of PICC Property and casualty insurance set out to the scene at the first time to fully assist in dealing with the aftermath

fourth, simplify the claim settlement process, reduce the accident certificate and other materials, and give priority to the handling of accident related claims

fifthly, pay close attention to the accident casualties, comprehensively investigate the underwriting information and actively seek customers

The People’S Insurance Company (Group) Of China Limited(601319) group said it would continue to pay close attention to the progress of the accident, make every effort to provide emergency services and actively cooperate with the follow-up claim settlement services.

Ping An and CPIC have verified their participation in underwriting

The reporter of the daily economic news noted that in addition to The People’S Insurance Company (Group) Of China Limited(601319) , China Pacific Insurance (Group) Co.Ltd(601601) , Ping An Insurance (Group) Company Of China Ltd(601318) also undertook the underwriting business of China Eastern Airlines mu5735.

Ping An Insurance (Group) Company Of China Ltd(601318) said that after preliminary investigation, Ping An Property Insurance Guangdong branch jointly insured all risks and liability insurance of China Eastern Airlines mu5735 fuselage, and will follow up the progress of accident handling in real time China Pacific Insurance (Group) Co.Ltd(601601) property and life insurance under China Pacific Insurance (Group) Co.Ltd(601601) started the internal verification of fuselage insurance, group insurance, aviation insurance and other related insurance types in the first time together with Yunnan institutions. China Pacific Insurance (Group) Co.Ltd(601601) 601 property insurance has verified and confirmed that the documentary underwriting of aviation insurance of CAAC combined insurance fleet.

It is reported that the general aviation fuselage all risks insurance and liability insurance protect the accidental loss or damage of the insured aircraft caused by non exclusions within the scope of the insurance policy; The compensatory compensation that the insured is liable to pay according to law for accidental personal casualties and property losses caused to a third party (excluding passengers on board) by the insured aircraft or any person or thing falling from the insured aircraft; Accidental personal injury or death suffered by passengers in the process of taking or getting on and off the aircraft, loss or destruction of passengers’ luggage or their personal belongings due to accidents of the insured aircraft.

At present, the aircraft rescue work is still continuing, and many insurance companies also said that they will follow up the progress of accident handling in real time and pay attention to the progress of search and rescue.

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