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, January 5 (KCNA) -- A sub-unit under a major firing strike group of the Korean People's Army conducted a missile
January 05, 2026
Pyongyang, January 5 (KCNA) -- A sub-unit under a major firing strike group of the Korean People's Army conducted a missile
Pyongyang, January 4 (KCNA) -- A spokesperson for the Foreign Ministry of the DPRK gave the following answer to a question raised
January 04, 2026
Pyongyang, January 4 (KCNA) -- A spokesperson for the Foreign Ministry of the DPRK gave the following answer to a question raised
Pyongyang, January 4 (KCNA) -- Proud entities showing rural development were built at the Pobu Farm in Kaechon City and Phungthan
January 04, 2026
Pyongyang, January 4 (KCNA) -- Proud entities showing rural development were built at the Pobu Farm in Kaechon City and Phungthan
Pyongyang, January 4 (KCNA) -- Kaesong Chomsongdae is a stone structure built in 919 as the central astronomical observatory of
January 04, 2026
Pyongyang, January 4 (KCNA) -- Kaesong Chomsongdae is a stone structure built in 919 as the central astronomical observatory of
Pyongyang, January 4 (KCNA) -- Innovative successes are being made in various units and sectors of the national economy. Officials
January 04, 2026
Pyongyang, January 4 (KCNA) -- Innovative successes are being made in various units and sectors of the national economy. Officials
Pyongyang, January 4 (KCNA) -- The DPRK weightlifters took the first place in the country standings of retaining world records as
January 04, 2026
Pyongyang, January 4 (KCNA) -- The DPRK weightlifters took the first place in the country standings of retaining world records as
One day in January 2017, the respected Comrade Kim Jong Un visited the Pyongyang Bag Factory. When he dropped in at the sample
January 04, 2026
One day in January 2017, the respected Comrade Kim Jong Un visited the Pyongyang Bag Factory. When he dropped in at the sample
Pyongyang, January 4 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
January 04, 2026
Pyongyang, January 4 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
Pyongyang, January 3 (KCNA) -- Last year, dozens of art works reflecting the new era of change and the happy appearance of the
January 03, 2026
Pyongyang, January 3 (KCNA) -- Last year, dozens of art works reflecting the new era of change and the happy appearance of the
Pyongyang, January 3 (KCNA) -- Various units in the DPRK have carried out their plans for the first day of the new year. The
January 03, 2026
Pyongyang, January 3 (KCNA) -- Various units in the DPRK have carried out their plans for the first day of the new year. The
Pyongyang, January 3 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Saturday: - The
January 03, 2026
Pyongyang, January 3 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Saturday: - The
Pyongyang, January 3 (KCNA) -- Agricultural workers of the Songjuk Industrial Crop Farm under the North Hwanghae Provincial Rural
January 03, 2026
Pyongyang, January 3 (KCNA) -- Agricultural workers of the Songjuk Industrial Crop Farm under the North Hwanghae Provincial Rural
Pyongyang, January 3 (KCNA) -- The respected Comrade Kim Jong Un made a congratulatory speech to the young people and
January 03, 2026
Pyongyang, January 3 (KCNA) -- The respected Comrade Kim Jong Un made a congratulatory speech to the young people and
Pyongyang, January 3 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
January 03, 2026
Pyongyang, January 3 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
Pyongyang, January 2 (KCNA) -- North Hwanghae Province of the DPRK is purposefully pushing ahead with the work to increase grain
January 02, 2026
Pyongyang, January 2 (KCNA) -- North Hwanghae Province of the DPRK is purposefully pushing ahead with the work to increase grain
Pyongyang, January 2 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The
January 02, 2026
Pyongyang, January 2 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The
Pyongyang, January 2 (KCNA) -- Laughter and songs of the blessed younger generations growing up spiritedly and cheerfully under
January 02, 2026
Pyongyang, January 2 (KCNA) -- Laughter and songs of the blessed younger generations growing up spiritedly and cheerfully under
Pyongyang, January 2 (KCNA) -- On the occasion of the significant New Year 2026, all the people across the DPRK pay high tribute
January 02, 2026
Pyongyang, January 2 (KCNA) -- On the occasion of the significant New Year 2026, all the people across the DPRK pay high tribute
Pyongyang, January 2 (KCNA) -- New houses were built at Choun Farm in Hamhung City and Ssangbong Farm in Hoesang District, South
January 02, 2026
Pyongyang, January 2 (KCNA) -- New houses were built at Choun Farm in Hamhung City and Ssangbong Farm in Hoesang District, South
Pyongyang, January 2 (KCNA) -- The respected Comrade Kim Jong Un received congratulatory messages from organizations and bodies of
January 02, 2026
Pyongyang, January 2 (KCNA) -- The respected Comrade Kim Jong Un received congratulatory messages from organizations and bodies of
More Articles
