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 17 (KCNA) -- The ardent desire of the Central Committee of the great Workers' Party of Korea has brought about
December 17, 2025
Pyongyang, December 17 (KCNA) -- The ardent desire of the Central Committee of the great Workers' Party of Korea has brought about
Pyongyang, December 17 (KCNA) -- Organizations of Koreans and compatriots in China sent flower baskets to the statues of President
December 17, 2025
Pyongyang, December 17 (KCNA) -- Organizations of Koreans and compatriots in China sent flower baskets to the statues of President
Pyongyang, December 17 (KCNA) -- Chairman Kim Jong Il left immortal traces for the people while giving field guidance throughout
December 17, 2025
Pyongyang, December 17 (KCNA) -- Chairman Kim Jong Il left immortal traces for the people while giving field guidance throughout
Pyongyang, December 17 (KCNA) -- Leading newspapers of the DPRK carry editorials on December 17, the anniversary of demise of
December 17, 2025
Pyongyang, December 17 (KCNA) -- Leading newspapers of the DPRK carry editorials on December 17, the anniversary of demise of
Pyongyang, December 17 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Wednesday: - The
December 17, 2025
Pyongyang, December 17 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Wednesday: - The
Pyongyang, December 17 (KCNA) -- Flower baskets were sent to the statues of President Kim Il Sung and Chairman Kim Jong Il on
December 17, 2025
Pyongyang, December 17 (KCNA) -- Flower baskets were sent to the statues of President Kim Il Sung and Chairman Kim Jong Il on
Pyongyang, December 17 (KCNA) -- DPRK players returned home on December 16 after taking part in the 5th Asian Youth Para Games
December 17, 2025
Pyongyang, December 17 (KCNA) -- DPRK players returned home on December 16 after taking part in the 5th Asian Youth Para Games
Pyongyang, December 17 (KCNA) -- DPRK schoolchildren gathered at the Mangyongdae Schoolchildren's Palace on December 16 to tell
December 17, 2025
Pyongyang, December 17 (KCNA) -- DPRK schoolchildren gathered at the Mangyongdae Schoolchildren's Palace on December 16 to tell
Pyongyang, December 17 (KCNA) -- Officials of the Union of Agricultural Workers of Korea (UAWK) and agricultural workers held a
December 17, 2025
Pyongyang, December 17 (KCNA) -- Officials of the Union of Agricultural Workers of Korea (UAWK) and agricultural workers held a
Pyongyang, December 17 (KCNA) -- Officials and members of the Socialist Women's Union of Korea (SWUK) held a meeting at the Hall
December 17, 2025
Pyongyang, December 17 (KCNA) -- Officials and members of the Socialist Women's Union of Korea (SWUK) held a meeting at the Hall
Pyongyang, December 17 (KCNA) -- Chairman Kim Jong Il is an outstanding leader who performed immortal exploits for the
December 17, 2025
Pyongyang, December 17 (KCNA) -- Chairman Kim Jong Il is an outstanding leader who performed immortal exploits for the
Pyongyang, December 17 (KCNA) -- International bodies and foreign organizations and personages sent flower baskets to the statues
December 17, 2025
Pyongyang, December 17 (KCNA) -- International bodies and foreign organizations and personages sent flower baskets to the statues
Pyongyang, December 17 (KCNA) -- All the people and service personnel across the DPRK pay the highest tribute, with boundless
December 17, 2025
Pyongyang, December 17 (KCNA) -- All the people and service personnel across the DPRK pay the highest tribute, with boundless
Pyongyang, December 16 (KCNA) -- Phyochung monuments were erected by kings of the feudal Joson dynasty (1392-1910) in praise of
December 16, 2025
Pyongyang, December 16 (KCNA) -- Phyochung monuments were erected by kings of the feudal Joson dynasty (1392-1910) in praise of
Pyongyang, December 16 (KCNA) -- Officials and researchers at the Electric Power Information Institute under the DPRK Ministry of
December 16, 2025
Pyongyang, December 16 (KCNA) -- Officials and researchers at the Electric Power Information Institute under the DPRK Ministry of
Pyongyang, December 16 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Tuesday: - An
December 16, 2025
Pyongyang, December 16 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Tuesday: - An
Pyongyang, December 16 (KCNA) -- Youth and students met at the Central Youth Hall on December 15 to tell stories about the noble
December 16, 2025
Pyongyang, December 16 (KCNA) -- Youth and students met at the Central Youth Hall on December 15 to tell stories about the noble
Pyongyang, December 16 (KCNA) -- South Hwanghae Province of the DPRK has newly established a Korean-style process for producing
December 16, 2025
Pyongyang, December 16 (KCNA) -- South Hwanghae Province of the DPRK has newly established a Korean-style process for producing
Pyongyang, December 16 (KCNA) -- Agricultural officials and workers in Nampho Municipality of the DPRK are putting spurs to the
December 16, 2025
Pyongyang, December 16 (KCNA) -- Agricultural officials and workers in Nampho Municipality of the DPRK are putting spurs to the
Pyongyang, December 16 (KCNA) -- The Jangjagang Power Station has been successfully remodeled. The power station introduced a
December 16, 2025
Pyongyang, December 16 (KCNA) -- The Jangjagang Power Station has been successfully remodeled. The power station introduced a
More Articles
