Date
19 October 2017

CIRC eyes housing reverse mortgage insurance, website says

The China Insurance Regulatory Commission (CIRC), the Ministry of Civil Affairs and the China National Committee on Ageing are studying an insurance program for those who choose housing reverse mortgages for pensions, insurance information website insurance.hexun.com reported Wednesday. Yuan Xucheng, deputy director of CIRC’s life insurance department was quoted as saying at a forum Wednesday that the next step will be joint effort with the National Development and Reform Commission, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development to push for implementation of the proposed program.

– Contact HKEJ [email protected]

TL/AC/RC

 

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