ING joint-venture life insurer expands in China's capital.ING Groep N.V. said its life insurance joint venture ha China has opened its Beijing branch after getting regulatory approval to expand to China's capital. The Beijing branch of ING Capital Life Insurance Co. Ltd. has hired 300 agents to sell 17 categories of life and health insurance products directly, ING said. Some of those products will include protection, savings and profit features. In mid-May, ING Capital Life also started selling two bancassurance Bancassurance A French term referring to the selling of insurance through a bank's established distribution channels. Notes: The result is a bank that can offer banking, insurance, lending, and investment products to a customer. products through Bank of Beijing's 118 branches. ING said it plans to expand the bancassurance product range to include unit-linked and traditional life, short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. accident insurance and personal loan products. ING, the Dutch financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. giant, owns a 19.9% stake in Bank of Beijing The Bank of Beijing (Simplified Chinese: 北京银行; Traditional Chinese: 北京銀行; Pinyin: . |
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