February 14, 2026Feb 14, 2026
KCNA KCNA.kp (En)

People-oriented Insurance System of DPRK

Date: 11/06/2021 | Source: KCNA.kp (En) | Read original version at source

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)

Greetings to Iranian Foreign Minister

Greetings to Iranian Foreign Minister

Pyongyang, February 13 (KCNA) -- Choe Son Hui, foreign minister of the Democratic People's Republic of Korea, sent a message of

February 13, 2026

Pyongyang, February 13 (KCNA) -- Choe Son Hui, foreign minister of the Democratic People's Republic of Korea, sent a message of

25th National Youth and Children's Festival of Loyalty Opens in DPRK

25th National Youth and Children's Festival of Loyalty Opens in DPRK

Pyongyang, February 13 (KCNA) -- The 25th National Youth and Children's Festival of Loyalty opened in the DPRK on the occasion of

February 13, 2026

Pyongyang, February 13 (KCNA) -- The 25th National Youth and Children's Festival of Loyalty opened in the DPRK on the occasion of

Chinese Ambassador to DPRK Gives Reception

Chinese Ambassador to DPRK Gives Reception

Pyongyang, February 13 (KCNA) -- Chinese Ambassador to the DPRK Wang Yajun Thursday hosted a reception at the embassy on the

February 13, 2026

Pyongyang, February 13 (KCNA) -- Chinese Ambassador to the DPRK Wang Yajun Thursday hosted a reception at the embassy on the

New Fine Art Works Produced in DPRK

New Fine Art Works Produced in DPRK

Pyongyang, February 13 (KCNA) -- The Central Fine Art Studio launched a campaign to produce new works reflecting the spirit of the

February 13, 2026

Pyongyang, February 13 (KCNA) -- The Central Fine Art Studio launched a campaign to produce new works reflecting the spirit of the

Press Review

Press Review

Pyongyang, February 13 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The

February 13, 2026

Pyongyang, February 13 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The

Honor Prizes Awarded to Exemplary Youths and Schoolchildren

Honor Prizes Awarded to Exemplary Youths and Schoolchildren

Pyongyang, February 13 (KCNA) -- Kim Jong Il Youth Honour Prize and Kim Jong Il Children Honour Prize were awarded to exemplary

February 13, 2026

Pyongyang, February 13 (KCNA) -- Kim Jong Il Youth Honour Prize and Kim Jong Il Children Honour Prize were awarded to exemplary

Teachers of Factory Colleges Improve Qualifications

Teachers of Factory Colleges Improve Qualifications

Pyongyang, February 13 (KCNA) -- The Ministry of Education in the DPRK has launched the work to improve the qualifications of

February 13, 2026

Pyongyang, February 13 (KCNA) -- The Ministry of Education in the DPRK has launched the work to improve the qualifications of

Photo Exhibitions Go on in DPRK

Photo Exhibitions Go on in DPRK

Pyongyang, February 13 (KCNA) -- The photo exhibitions "Holding aloft the banner of self-reliance" are going on in all provinces

February 13, 2026

Pyongyang, February 13 (KCNA) -- The photo exhibitions "Holding aloft the banner of self-reliance" are going on in all provinces

DPRK Young People Volunteer to Work at Reclaimed Tideland Farm

DPRK Young People Volunteer to Work at Reclaimed Tideland Farm

Pyongyang, February 13 (KCNA) -- 100-odd young people in Nampho Municipality of the DPRK have volunteered to work at the Ansok

February 13, 2026

Pyongyang, February 13 (KCNA) -- 100-odd young people in Nampho Municipality of the DPRK have volunteered to work at the Ansok

Efforts for Improving Regional Economy

Efforts for Improving Regional Economy

One day in November 2024, the respected Comrade Kim Jong Un visited regional-industry factories under construction in Songchon

February 12, 2026

One day in November 2024, the respected Comrade Kim Jong Un visited regional-industry factories under construction in Songchon

"Nonggunmaeng" Small Tractors Conveyed to Manjin Farm

"Nonggunmaeng" Small Tractors Conveyed to Manjin Farm

Pyongyang, February 12 (KCNA) -- Small tractors, provided by organizations of the Union of Agricultural Workers of Korea on the

February 12, 2026

Pyongyang, February 12 (KCNA) -- Small tractors, provided by organizations of the Union of Agricultural Workers of Korea on the

Production Goes up in Mining Industry

Production Goes up in Mining Industry

Pyongyang, February 12 (KCNA) -- The mining industrial sector of the DPRK makes innovations in the production of minerals and

February 12, 2026

Pyongyang, February 12 (KCNA) -- The mining industrial sector of the DPRK makes innovations in the production of minerals and

Press Review

Press Review

Pyongyang, February 12 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - The

February 12, 2026

Pyongyang, February 12 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - The

Order of Kim Jong Il Conferred on Meritorious Officials in DPRK

Order of Kim Jong Il Conferred on Meritorious Officials in DPRK

Pyongyang, February 12 (KCNA) -- Order of Kim Jong Il was awarded to Ri Jong Ho and Sonu Kwang Won on the occasion of the

February 12, 2026

Pyongyang, February 12 (KCNA) -- Order of Kim Jong Il was awarded to Ri Jong Ho and Sonu Kwang Won on the occasion of the

Koryo Paper Production Increases in DPRK

Koryo Paper Production Increases in DPRK

Pyongyang, February 12 (KCNA) -- According to Minju Joson, the Sunan Koryo Paper Mill is boosting the production of Koryo paper by

February 12, 2026

Pyongyang, February 12 (KCNA) -- According to Minju Joson, the Sunan Koryo Paper Mill is boosting the production of Koryo paper by

Meeting with War Veterans

Meeting with War Veterans

Pyongyang, February 12 (KCNA) -- Graduating class students of senior middle schools in Hamhung City of the DPRK met with war

February 12, 2026

Pyongyang, February 12 (KCNA) -- Graduating class students of senior middle schools in Hamhung City of the DPRK met with war

Successes Made in Comprehensive Mechanization of Agriculture

Successes Made in Comprehensive Mechanization of Agriculture

Pyongyang, February 12 (KCNA) -- Successes have been made in realizing the comprehensive mechanization of agriculture in the DPRK,

February 12, 2026

Pyongyang, February 12 (KCNA) -- Successes have been made in realizing the comprehensive mechanization of agriculture in the DPRK,

National Book and Art Exhibition Opens in DPRK

National Book and Art Exhibition Opens in DPRK

Pyongyang, February 12 (KCNA) -- A national book and art exhibition opened in the DPRK to celebrate the forthcoming Ninth Congress

February 12, 2026

Pyongyang, February 12 (KCNA) -- A national book and art exhibition opened in the DPRK to celebrate the forthcoming Ninth Congress

More Articles