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)
One day in October 2013, the respected Comrade Kim Jong Un looked round the completed Munsu Water Park. He reached the outdoor
December 05, 2025
One day in October 2013, the respected Comrade Kim Jong Un looked round the completed Munsu Water Park. He reached the outdoor
Pyongyang, December 5 (KCNA) -- An art troupe of Korean schoolchildren in Japan headed by Ri Chol Su, principal of Toshun Korean
December 05, 2025
Pyongyang, December 5 (KCNA) -- An art troupe of Korean schoolchildren in Japan headed by Ri Chol Su, principal of Toshun Korean
Pyongyang, December 5 (KCNA) -- Among the valuable cultural heritages of the Korean nation is Ssirum (Korean wrestling), a sports
December 05, 2025
Pyongyang, December 5 (KCNA) -- Among the valuable cultural heritages of the Korean nation is Ssirum (Korean wrestling), a sports
Pyongyang, December 5 (KCNA) -- An art troupe of Korean schoolchildren in Japan visited the statues of President Kim Il Sung and
December 05, 2025
Pyongyang, December 5 (KCNA) -- An art troupe of Korean schoolchildren in Japan visited the statues of President Kim Il Sung and
Pyongyang, December 5 (KCNA) -- In the DPRK, in December, there are two seasonal divisions called Taesol (the heavy snowfall) and
December 05, 2025
Pyongyang, December 5 (KCNA) -- In the DPRK, in December, there are two seasonal divisions called Taesol (the heavy snowfall) and
Pyongyang, December 5 (KCNA) -- North Hamgyong Province of the DPRK newly built the Chongjin Water Park. The public service centre
December 05, 2025
Pyongyang, December 5 (KCNA) -- North Hamgyong Province of the DPRK newly built the Chongjin Water Park. The public service centre
Pyongyang, December 5 (KCNA) -- The Hamhung Wheat Processing Factory has been remodeled in South Hamgyong Province of the DPRK.
December 05, 2025
Pyongyang, December 5 (KCNA) -- The Hamhung Wheat Processing Factory has been remodeled in South Hamgyong Province of the DPRK.
Pyongyang, December 5 (KCNA) -- South Phyongan Province in the DPRK built a new environmental protection institute. The
December 05, 2025
Pyongyang, December 5 (KCNA) -- South Phyongan Province in the DPRK built a new environmental protection institute. The
Pyongyang, December 5 (KCNA) -- Modern rural dwellings which have been built at the Jamjin Farm in Kangso District and the Ryongho
December 05, 2025
Pyongyang, December 5 (KCNA) -- Modern rural dwellings which have been built at the Jamjin Farm in Kangso District and the Ryongho
Pyongyang, December 5 (KCNA) -- The 55th Sports Contest of Artistes took place at the Basketball Gymnasium in Chongchun Street of
December 05, 2025
Pyongyang, December 5 (KCNA) -- The 55th Sports Contest of Artistes took place at the Basketball Gymnasium in Chongchun Street of
Pyongyang, December 5 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The
December 05, 2025
Pyongyang, December 5 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Friday: - The
Pyongyang, December 5 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
December 05, 2025
Pyongyang, December 5 (KCNA) -- Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs
Pyongyang, December 5 (KCNA) -- This year has witnessed the proud and epochal achievements in the regional construction, which
December 05, 2025
Pyongyang, December 5 (KCNA) -- This year has witnessed the proud and epochal achievements in the regional construction, which
Pyongyang, December 4 (KCNA) -- South Phyongan Province in the DPRK has newly built the Institute of Agricultural Science. The
December 04, 2025
Pyongyang, December 4 (KCNA) -- South Phyongan Province in the DPRK has newly built the Institute of Agricultural Science. The
Pyongyang, December 4 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - An
December 04, 2025
Pyongyang, December 4 (KCNA) -- Following are major news items and articles in leading newspapers of the DPRK on Thursday: - An
Pyongyang, December 4 (KCNA) -- South Hamgyong Province in the DPRK built a new branch tilery at the Hamhung City Cement Factory.
December 04, 2025
Pyongyang, December 4 (KCNA) -- South Hamgyong Province in the DPRK built a new branch tilery at the Hamhung City Cement Factory.
Pyongyang, December 4 (KCNA) -- The Pyongyang Hosiery Factory in the DPRK has put the product packing line on an automatic basis.
December 04, 2025
Pyongyang, December 4 (KCNA) -- The Pyongyang Hosiery Factory in the DPRK has put the product packing line on an automatic basis.
Pyongyang, December 4 (KCNA) -- A presentation of achievements in soybean farming was held at the Sci-Tech Complex in the DPRK on
December 04, 2025
Pyongyang, December 4 (KCNA) -- A presentation of achievements in soybean farming was held at the Sci-Tech Complex in the DPRK on
Pyongyang, December 4 (KCNA) -- A meeting took place at the Central Youth Hall in the DPRK on Dec. 3 to mark the International Day
December 04, 2025
Pyongyang, December 4 (KCNA) -- A meeting took place at the Central Youth Hall in the DPRK on Dec. 3 to mark the International Day
Pyongyang, December 4 (KCNA) -- North Hamgyong Province in the DPRK successfully rebuilt the Kyongsong Tile Factory. The
December 04, 2025
Pyongyang, December 4 (KCNA) -- North Hamgyong Province in the DPRK successfully rebuilt the Kyongsong Tile Factory. The
More Articles
