Pyongyang, June 11 (KCNA) -- In the DPRK, the people-oriented insurance system has been enforced for the economic development and the improvement of people's livelihood.
The purpose of the insurance work in the country is to protect the property of the state and people and the people's lives from any natural disaster and sudden accident, accelerate the national economic development and provide the working people with stable and better life.
President Kim Il Sung advanced the idea of abolishing the reactionary insurance system of the Japanese imperialists and enforcing the insurance system for the people, in his famous works "The Ten-Point Programme of the Association for the Restoration of the Fatherland" and "The Tasks of Korean Communists" published in May 1936 and in November 1937, the period of the anti-Japanese revolutionary struggle.
He established the people-oriented Korean-style insurance system after the liberation of Korea from Japan's colonial rule and provided an advantageous socialist state insurance system after the Fatherland Liberation War.
The DPRK has almost all kinds of insurance like fire insurance, crops insurance and other forms of insurance according to the property type of industrial establishments and cooperative organizations, which are applied in the field of international insurance. And life and inauspicious event insurance, family property insurance and other kinds of insurance ensuring the life and property of individuals have been enforced.
All the insurance works are organized and enforced on the principle of giving top priority to the convenience of the people. They fully perform their mission and role as the socialist insurance by steadily improving the conditions of guarantee and service and making compensation for the damage from typhoon, flood, fire, etc.
The DPRK acceded to the FAIR (Federation of Afro-Asian Insurance & Reinsurance) and other international insurance organizations scores of years ago for the purpose of exchanging opinions on the practical issues arising in the insurance field and taking measures for them and intensifying the international cooperation and relations. -0-
More From KCNA.kp (En)
Pyongyang, December 4 (KCNA) -- South Phyongan Province in the DPRK has newly built the Institute of Agricultural Science. The
December 04, 2025
Pyongyang, December 4 (KCNA) -- South Phyongan Province in the DPRK has newly built the Institute of Agricultural Science. The
Pyongyang, December 4 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - An
December 04, 2025
Pyongyang, December 4 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - An
Pyongyang, December 4 (KCNA) -- South Hamgyong Province in the DPRK built a new branch tilery at the Hamhung City Cement Factory.
December 04, 2025
Pyongyang, December 4 (KCNA) -- South Hamgyong Province in the DPRK built a new branch tilery at the Hamhung City Cement Factory.
Pyongyang, December 4 (KCNA) -- The Pyongyang Hosiery Factory in the DPRK has put the product packing line on an automatic basis.
December 04, 2025
Pyongyang, December 4 (KCNA) -- The Pyongyang Hosiery Factory in the DPRK has put the product packing line on an automatic basis.
Pyongyang, December 4 (KCNA) -- A presentation of achievements in soybean farming was held at the Sci-Tech Complex in the DPRK on
December 04, 2025
Pyongyang, December 4 (KCNA) -- A presentation of achievements in soybean farming was held at the Sci-Tech Complex in the DPRK on
Pyongyang, December 4 (KCNA) -- A meeting took place at the Central Youth Hall in the DPRK on Dec. 3 to mark the International Day
December 04, 2025
Pyongyang, December 4 (KCNA) -- A meeting took place at the Central Youth Hall in the DPRK on Dec. 3 to mark the International Day
Pyongyang, December 4 (KCNA) -- North Hamgyong Province in the DPRK successfully rebuilt the Kyongsong Tile Factory. The
December 04, 2025
Pyongyang, December 4 (KCNA) -- North Hamgyong Province in the DPRK successfully rebuilt the Kyongsong Tile Factory. The
Pyongyang, December 4 (KCNA) -- New villages have been built at the Chongok Farm and the Jasan Farm in Phyongsong City of South
December 04, 2025
Pyongyang, December 4 (KCNA) -- New villages have been built at the Chongok Farm and the Jasan Farm in Phyongsong City of South
Pyongyang, December 4 (KCNA) -- An expedition to revolutionary battle sites in the area of Mt Paektu, made up of youth and
December 04, 2025
Pyongyang, December 4 (KCNA) -- An expedition to revolutionary battle sites in the area of Mt Paektu, made up of youth and
Pyongyang, December 4 (KCNA) -- The Korean dressing custom reflecting the noble and beautiful emotions, feelings and life of the
December 04, 2025
Pyongyang, December 4 (KCNA) -- The Korean dressing custom reflecting the noble and beautiful emotions, feelings and life of the
Pyongyang, December 4 (KCNA) -- The Vietnamese embassy here hosted a photo exhibition and reception at the Taedonggang Diplomatic
December 04, 2025
Pyongyang, December 4 (KCNA) -- The Vietnamese embassy here hosted a photo exhibition and reception at the Taedonggang Diplomatic
Pyongyang, December 4 (KCNA) -- The projects conducive to developing the regional economy and improving the people's living
December 04, 2025
Pyongyang, December 4 (KCNA) -- The projects conducive to developing the regional economy and improving the people's living
Pyongyang, December 3 (KCNA) -- National economic plans for November were fulfilled in various sectors and units of the DPRK.
December 03, 2025
Pyongyang, December 3 (KCNA) -- National economic plans for November were fulfilled in various sectors and units of the DPRK.
Pyongyang, December 3 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Wednesday: -
December 03, 2025
Pyongyang, December 3 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Wednesday: -
Pyongyang, December 3 (KCNA) -- The Phyongsong Koryo Medicine Pharmaceutical Factory was wonderfully remodeled thanks to the noble
December 03, 2025
Pyongyang, December 3 (KCNA) -- The Phyongsong Koryo Medicine Pharmaceutical Factory was wonderfully remodeled thanks to the noble
Pyongyang, December 3 (KCNA) -- The exhibition of products of Koryo medicine pharmaceutical factories-2025 closed with due
December 03, 2025
Pyongyang, December 3 (KCNA) -- The exhibition of products of Koryo medicine pharmaceutical factories-2025 closed with due
Pyongyang, December 3 (KCNA) -- South Phyongan Province in the DPRK newly built the Phyongsong Zoo. The zoo covering an area of
December 03, 2025
Pyongyang, December 3 (KCNA) -- South Phyongan Province in the DPRK newly built the Phyongsong Zoo. The zoo covering an area of
Pyongyang, December 3 (KCNA) -- Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, sent a message
December 03, 2025
Pyongyang, December 3 (KCNA) -- Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, sent a message
Pyongyang, December 3 (KCNA) -- Choe Son Hui, foreign minister of the Democratic People's Republic of Korea, sent a message of
December 03, 2025
Pyongyang, December 3 (KCNA) -- Choe Son Hui, foreign minister of the Democratic People's Republic of Korea, sent a message of
Pyongyang, December 3 (KCNA) -- December 3 is International Day of Persons with Disabilities. Thanks to the policy of the Workers'
December 03, 2025
Pyongyang, December 3 (KCNA) -- December 3 is International Day of Persons with Disabilities. Thanks to the policy of the Workers'
More Articles
