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, February 13 (KCNA) -- Kim Yo Jong, vice department director of the Central Committee of the Workers' Party Korea,
February 13, 2026
Pyongyang, February 13 (KCNA) -- Kim Yo Jong, vice department director of the Central Committee of the Workers' Party Korea,
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
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
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
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
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
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
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
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,
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
Pyongyang, February 12 (KCNA) -- Young people in Kangwon Province of the DPRK have volunteered to work at major theaters of
February 12, 2026
Pyongyang, February 12 (KCNA) -- Young people in Kangwon Province of the DPRK have volunteered to work at major theaters of
Pyongyang, February 12 (KCNA) -- Rodong Sinmun Thursday in an article says that the substantial and simultaneous development of
February 12, 2026
Pyongyang, February 12 (KCNA) -- Rodong Sinmun Thursday in an article says that the substantial and simultaneous development of
Pyongyang, February 11 (KCNA) -- A new educational programme will be enforced in the primary and secondary education sector from
February 11, 2026
Pyongyang, February 11 (KCNA) -- A new educational programme will be enforced in the primary and secondary education sector from
Pyongyang, February 11 (KCNA) -- The Namhung Youth Chemical Complex in the DPRK boosts the production of fertilizer for farms. Its
February 11, 2026
Pyongyang, February 11 (KCNA) -- The Namhung Youth Chemical Complex in the DPRK boosts the production of fertilizer for farms. Its
Pyongyang, February 11 (KCNA) -- Soldier-builders of the Korean People's Army completed the first damming project at the second
February 11, 2026
Pyongyang, February 11 (KCNA) -- Soldier-builders of the Korean People's Army completed the first damming project at the second
Pyongyang, February 11 (KCNA) -- A week of film show opened in the DPRK to celebrate February 16, the birthday of Chairman Kim
February 11, 2026
Pyongyang, February 11 (KCNA) -- A week of film show opened in the DPRK to celebrate February 16, the birthday of Chairman Kim
Pyongyang, February 11 (KCNA) -- Vladimir Topeha, charge d'affaires ad interim of the Russian embassy here, hosted a reception at
February 11, 2026
Pyongyang, February 11 (KCNA) -- Vladimir Topeha, charge d'affaires ad interim of the Russian embassy here, hosted a reception at
Pyongyang, February 11 (KCNA) -- Following are major news items and articles in Rodong Sinmun, a leading newspaper of the DPRK, on
February 11, 2026
Pyongyang, February 11 (KCNA) -- Following are major news items and articles in Rodong Sinmun, a leading newspaper of the DPRK, on
Pyongyang, February 11 (KCNA) -- The Nampho Municipal School Uniform Factory in the DPRK is putting spurs to the production of
February 11, 2026
Pyongyang, February 11 (KCNA) -- The Nampho Municipal School Uniform Factory in the DPRK is putting spurs to the production of
Pyongyang, February 11 (KCNA) -- Teaching courses were held in cities and counties, South Hamgyong Province of the DPRK, to
February 11, 2026
Pyongyang, February 11 (KCNA) -- Teaching courses were held in cities and counties, South Hamgyong Province of the DPRK, to
More Articles
