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 26 (KCNA) -- The Publication Guidance Bureau in the DPRK marked its 80th founding anniversary. President Kim Il
March 26, 2026
Pyongyang, March 26 (KCNA) -- The Publication Guidance Bureau in the DPRK marked its 80th founding anniversary. President Kim Il
Pyongyang, March 26 (KCNA) -- At the foot of Mt Ryongmun in Kujang County, North Phyongan Province of the DPRK, there is the
March 26, 2026
Pyongyang, March 26 (KCNA) -- At the foot of Mt Ryongmun in Kujang County, North Phyongan Province of the DPRK, there is the
Pyongyang, March 26 (KCNA) -- According to Minju Joson, a new educational programme will be implemented in the primary and
March 26, 2026
Pyongyang, March 26 (KCNA) -- According to Minju Joson, a new educational programme will be implemented in the primary and
Pyongyang, March 26 (KCNA) -- The respected Comrade Kim Jong Un sent a birthday spread to Pang Sun Sil, a woman living in
March 26, 2026
Pyongyang, March 26 (KCNA) -- The respected Comrade Kim Jong Un sent a birthday spread to Pang Sun Sil, a woman living in
Pyongyang, March 26 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - A
March 26, 2026
Pyongyang, March 26 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - A
Pyongyang, March 26 (KCNA) -- Teachers and researchers in the educational sector of the DPRK are taking scientific steps after the
March 26, 2026
Pyongyang, March 26 (KCNA) -- Teachers and researchers in the educational sector of the DPRK are taking scientific steps after the
Pyongyang, March 26 (KCNA) -- The men's and women's premier football tournament began at the Kim Il Sung Stadium and the May Day
March 26, 2026
Pyongyang, March 26 (KCNA) -- The men's and women's premier football tournament began at the Kim Il Sung Stadium and the May Day
Pyongyang, March 26 (KCNA) -- The foundation work is progressing apace at the construction sites for regional-industry factories,
March 26, 2026
Pyongyang, March 26 (KCNA) -- The foundation work is progressing apace at the construction sites for regional-industry factories,
Pyongyang, March 26 (KCNA) -- A national symposium in the field of poultry took place on March 24 and 25, under the sponsorship of
March 26, 2026
Pyongyang, March 26 (KCNA) -- A national symposium in the field of poultry took place on March 24 and 25, under the sponsorship of
Pyongyang, March 26 (KCNA) -- An international scientific symposium on the Ninth Congress of the Workers' Party of Korea titled
March 26, 2026
Pyongyang, March 26 (KCNA) -- An international scientific symposium on the Ninth Congress of the Workers' Party of Korea titled
Pyongyang, March 26 (KCNA) -- The respected Comrade Kim Jong Un received a flower basket from Daniel Ortega Saavedra and Rosario
March 26, 2026
Pyongyang, March 26 (KCNA) -- The respected Comrade Kim Jong Un received a flower basket from Daniel Ortega Saavedra and Rosario
Pyongyang, March 26 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, received a reply message from
March 26, 2026
Pyongyang, March 26 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, received a reply message from
Pyongyang, March 26 (KCNA) -- The Sangwon Cement Complex in the DPRK has carried out its daily production plan at 115 percent
March 26, 2026
Pyongyang, March 26 (KCNA) -- The Sangwon Cement Complex in the DPRK has carried out its daily production plan at 115 percent
Pyongyang, March 26 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, president of the State Affairs of
March 26, 2026
Pyongyang, March 26 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea, president of the State Affairs of
Pyongyang, March 26 (KCNA) -- The Academy of Pedagogical Science in the DPRK started the project to set the target for rapidly
March 26, 2026
Pyongyang, March 26 (KCNA) -- The Academy of Pedagogical Science in the DPRK started the project to set the target for rapidly
Pyongyang, March 26 (KCNA) -- A ceremony took place at Kim Il Sung Square on March 25 to welcome Comrade Alexandr Lukashenko,
March 26, 2026
Pyongyang, March 26 (KCNA) -- A ceremony took place at Kim Il Sung Square on March 25 to welcome Comrade Alexandr Lukashenko,
Pyongyang, March 26 (KCNA) -- Alexandr Lukashenko, president of the Republic of Belarus, on an official visit to the Democratic
March 26, 2026
Pyongyang, March 26 (KCNA) -- Alexandr Lukashenko, president of the Republic of Belarus, on an official visit to the Democratic
Pyongyang, March 26 (KCNA) -- Alexandr Lukashenko, president of the Republic of Belarus, on an official visit to the DPRK, laid a
March 26, 2026
Pyongyang, March 26 (KCNA) -- Alexandr Lukashenko, president of the Republic of Belarus, on an official visit to the DPRK, laid a
Pyongyang, March 26 (KCNA) -- To pay an official visit to the DPRK at the invitation of Comrade Kim Jong Un , president of the
March 26, 2026
Pyongyang, March 26 (KCNA) -- To pay an official visit to the DPRK at the invitation of Comrade Kim Jong Un , president of the
Pyongyang, March 25 (KCNA) -- The respected Comrade Kim Jong Un received a flower basket from Cui Tongwen, director of the Board
March 25, 2026
Pyongyang, March 25 (KCNA) -- The respected Comrade Kim Jong Un received a flower basket from Cui Tongwen, director of the Board
More Articles
