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SICAS Brings New Insurance Plans for International Students Who are Studying in China
Good news! In order to provide international students with more comprehensive personal security, SICAS jointly cooperated with the top three insurance companies of China-Ping An Insurance (Group) Company Of China, Ltd., China Life Insurance Company Ltd., and China Pacific Insurance (Group) Co., Ltd.-and specially tailored four plans of comprehensive insurance for international students studying in China. These four plans are based on the regulation "Interim Provisions of High Education Institutions on Requiring Foreign Students to Purchase Insurance", which was launched by Department of International Cooperation and Exchanges, one branch of Ministry of Education of the People's Republic of China.
According to its official introduction, Ping An Insurance (Group) Company Of China, Ltd. has begun to do research and design the "The Medical Insurance for International Students during Their Study in China" since 1997. In the meanwhile, the practice of MOE buying medical insurance for those students that have obtained Chinese Government Scholarships since 2000 can also be attributed to Ping An Insurance (Group) Company Of China, Ltd.
Ping An Insurance (Group) Company has launched two insurance plans for international students, that is, the RMB 1,000-Insurance Premium (plan 1) and the RMB 800-Insurance Premium (plan 2). The former two tables (table 1 & table 2) are the brief introductions of the insurance liabilities, and the insurance amount of these two plans. And the last table is RMB 1000-Insurance Premium provided by China Life Insurance Company Ltd. Considering and viewing from all aspects, SICAS strongly recommends to you the plan 1 launched by Ping An Insurance (Group) Company.
Insurance Liabilities
RMB Insurance Amount
(Yuan) RMB
Age 6-69
(International Student)
Insurance Premium
(RMB/year/person)
Liability for Death + Accidental Disability
100000
1,000 ( ≈USD 160 )
Medical Treatment for Accidental Injury
20000
Medical Treatment for Outpatient and Emergency （With the daily limit of RMB 600, the insured can
enjoy 90% of reimbursement）
20000
Hospitalization Medical Treatment
400000
The Aviation Accident Insurance
400000
Table 2
Insurance Liabilities
RMB Insurance Amount
(Yuan) RMB
Age 6-69
(International Student)
Insurance Premium
(RMB/year/person)
Liability for Death + Accidental Disability
100000
800 ( ≈USD 125 )
Medical Treatment for Accidental Injury
20000
Medical Treatment for Outpatient and Emergency （With accumulative deductible of RMB650, 85% payout and maximum daily reasonable medical expense of RMB600）
20000
Hospitalization Medical Treatment
400000
Table 3
Insurance Liabilities
RMB Insurance Amount
(Yuan) RMB
Age 6-60
(International Student
Insurance Premium
(RMB /year/person)
Liability for Death + Accidental Disability
160000
1,000 ( ≈USD 160 )
Hospitalization Medical Treatment
400000
Medical Treatment for Outpatient and Emergency （With accumulative deductible of RMB400, 85% payout and maximum daily reasonable medical expense of RMB600）
20000
Medical Treatment for Accidental Injury
20000
The Aviation Accident Insurance
300000
Nowadays, it is an international practice to require international students to purchase medical insurance. Since the medical insurance bought by students in their own countries has various range of payment and these insurance companies may have not representative offices in the destination country, claims probably engender cumbersome procedures or are impossible to be realized at all, so this is why most of the developed countries now take international students purchasing medical insurance in their destination countries as a basic requirement for the overseas students in their counties. Therefore, it is quite necessary for international students to buy insurance as soon as they come to China. Students need to choose carefully among these insurance plans by comparing the insurance liabilities, insurance amount among different insurance plans of different insurance companies and choose the very one that suits you most.
Click the following files to learn more about the insurance.
file 1: RMB 1,000-Insurance Premium(plan 1) launched by Ping An Insurance (Group) Company Of China, Ltd. file 2: RMB 800-Insurance Premium (plan 2) launched by Ping An Insurance (Group) Company Of China, Ltd.
file 3: The introduction of Ping An Insurance (Group) Company Of China, Ltd. file 4: The introduction of China Pacific Insurance (Group) Co., Ltd. file 5: The introduction of China Life Insurance Company Ltd.
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Table 1