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, March 11 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, sent a reply message to Thongloun
March 11, 2026
Pyongyang, March 11 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, sent a reply message to Thongloun
Pyongyang, March 11 (KCNA) -- Amid the continued tests of operational efficiency of the Destroyer Choe Hyon of the Navy of the
March 11, 2026
Pyongyang, March 11 (KCNA) -- Amid the continued tests of operational efficiency of the Destroyer Choe Hyon of the Navy of the
Pyongyang, March 11 (KCNA) -- A spokesperson for the Foreign Ministry of the Democratic People's Republic of Korea gave the
March 11, 2026
Pyongyang, March 11 (KCNA) -- A spokesperson for the Foreign Ministry of the Democratic People's Republic of Korea gave the
Pyongyang, March 10 (KCNA) -- Sweet rice dish is one of the national food peculiar to the Korean people. From long ago, they made
March 10, 2026
Pyongyang, March 10 (KCNA) -- Sweet rice dish is one of the national food peculiar to the Korean people. From long ago, they made
Pyongyang, March 10 (KCNA) -- Following are major news items and articles in Rodong Sinmun, a leading newspaper of the DPRK, on
March 10, 2026
Pyongyang, March 10 (KCNA) -- Following are major news items and articles in Rodong Sinmun, a leading newspaper of the DPRK, on
Pyongyang, March 10 (KCNA) -- The Eleventh Congress of the Socialist Patriotic Youth League will be held in Pyongyang in late
March 10, 2026
Pyongyang, March 10 (KCNA) -- The Eleventh Congress of the Socialist Patriotic Youth League will be held in Pyongyang in late
Pyongyang, March 10 (KCNA) -- The 16th enlarged plenary meeting of the Tenth Central Committee of the Socialist Patriotic Youth
March 10, 2026
Pyongyang, March 10 (KCNA) -- The 16th enlarged plenary meeting of the Tenth Central Committee of the Socialist Patriotic Youth
Pyongyang, March 10 (KCNA) -- Many people in the DPRK are visiting the Wangjaesan Revolutionary Site amid the work for arming with
March 10, 2026
Pyongyang, March 10 (KCNA) -- Many people in the DPRK are visiting the Wangjaesan Revolutionary Site amid the work for arming with
Pyongyang, March 10 (KCNA) -- The machine-building industrial sector of the DPRK is bringing about an upsurge in production while
March 10, 2026
Pyongyang, March 10 (KCNA) -- The machine-building industrial sector of the DPRK is bringing about an upsurge in production while
Pyongyang, March 10 (KCNA) -- Industrial establishments in the DPRK are launching the movement to create model lathes following
March 10, 2026
Pyongyang, March 10 (KCNA) -- Industrial establishments in the DPRK are launching the movement to create model lathes following
Pyongyang, March 10 (KCNA) -- The construction of greenhouses for raising rice seedlings is progressing apace in the DPRK. This
March 10, 2026
Pyongyang, March 10 (KCNA) -- The construction of greenhouses for raising rice seedlings is progressing apace in the DPRK. This
Pyongyang, March 10 (KCNA) -- The 2026 AFC Women's Asian Cup is under way in Australia. Divided into three groups, twelve teams
March 10, 2026
Pyongyang, March 10 (KCNA) -- The 2026 AFC Women's Asian Cup is under way in Australia. Divided into three groups, twelve teams
Pyongyang, March 10 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, sent a reply message to Xi Jinping,
March 10, 2026
Pyongyang, March 10 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, sent a reply message to Xi Jinping,
Pyongyang, March 10 (KCNA) -- Kim Yo Jong, department director of the Central Committee of the Workers' Party of Korea, issued the
March 10, 2026
Pyongyang, March 10 (KCNA) -- Kim Yo Jong, department director of the Central Committee of the Workers' Party of Korea, issued the
Pyongyang, March 9 (KCNA) -- A national meeting took place at the People's Palace of Culture on Sunday, 116th March 8
March 09, 2026
Pyongyang, March 9 (KCNA) -- A national meeting took place at the People's Palace of Culture on Sunday, 116th March 8
One day in January 2016, the respected Comrade Kim Jong Un visited the Pyongyang Kim Jong Suk Textile Mill and looked round the
March 09, 2026
One day in January 2016, the respected Comrade Kim Jong Un visited the Pyongyang Kim Jong Suk Textile Mill and looked round the
Pyongyang, March 9 (KCNA) -- O Kyong Ryong, wrestler of the Pyongyang Sports Club, was listed as the one of the ten best players
March 09, 2026
Pyongyang, March 9 (KCNA) -- O Kyong Ryong, wrestler of the Pyongyang Sports Club, was listed as the one of the ten best players
Pyongyang, March 9 (KCNA) -- The National Inter-provincial Riding Contest-2026 was held at the Mirim Riding Club in Pyongyang, the
March 09, 2026
Pyongyang, March 9 (KCNA) -- The National Inter-provincial Riding Contest-2026 was held at the Mirim Riding Club in Pyongyang, the
Pyongyang, March 9 (KCNA) -- The provincial forest science institute has been successfully rebuilt in Ryanggang Province, the
March 09, 2026
Pyongyang, March 9 (KCNA) -- The provincial forest science institute has been successfully rebuilt in Ryanggang Province, the
Pyongyang, March 9 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Monday: - A
March 09, 2026
Pyongyang, March 9 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Monday: - A
More Articles
