Fintech News

Tencent WeSure, Tencent Foundation Partner With China’s Ministry of Civil Affairs to Provide Public Welfare and Insurance Protection Program to COVID-19 Volunteers and Community Workers in China

Stand Together and Family Independence Initiative Partner to Provide Direct Cash Assistance to People Struggling During the COVID-19 Crisis

Tencent WeSure, Tencent’s insurance platform, announced it has partnered with the Ministry of Civil Affairs of the People’s Republic of China and Tencent Foundation to launch nationwide Public Welfare and Insurance Protection Program. Financially supported by the Tencent Foundation and implemented by WeSure and the China Charity Alliance (CCA) of the Ministry of Civil Affairs – the program will assist volunteers, social workers and Hubei province’s senior care institutions prevent and control COVID-19, from March 5.

Read More: Celsius Network and Prime Trust partner to secure depositors funds and offer low-cost credit

The program consists of two parts. The first part provides special financial support for volunteers, community workers, and social workers who have been infected as a result of participating in the prevention and control of the epidemic. Among them, those diagnosed of “severe” and “critical” infected community workers will receive RMB 50,000 guaranteed financial support. The family members of the deceased community workers due to infected by Covid-19 will receive RMB 250,000 as compensation. The second part of the program provides special insurance protection from WeSure for all volunteers, community workers, and social workers who have been participated in the epidemic prevention and control nationwide.

Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits

According to the Ministry of Civil Affairs, 146 million volunteers are working in the field and take daily risk of getting infected through close contact with medical staff and a significant amount of residents. By March 8, 53 urban and rural community workers died in the fight against the Covid-19 outbreak, which significantly raised the demand for protection on the group’s safety and essential benefits.

“WeSure is actively responding to the call of the country to help prevent and control the Covid-19 outbreak,” says Alan Lau, CEO of WeSure. “In full recognition of the sacrifices made by these community workers and volunteers in this race against time, WeSure is fully leveraging the advantages of Internet insurance to support these heroes, so that we can defeat this epidemic together.”

Read More: Simple Announces Launch of Tax Refund Feature to Automate Savings for Customers

Related posts

Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud

Fintech News Desk

Bluespring Wealth Partners Selects Catchlight to Help Power New Blueprint for Growth Initiative

Business Wire

Block2Play Virtual Gaming Experience Gain Momentum With Successful B2P Token Presale

Fintech News Desk