Safety Belt for the Seventh China Arts Festival
Updated: 2004-09-16

The organizing committee of the Seventh China Art Festival and People's Insurance Company of China (PICC), Zhejiang Branch, have recently signed an insurance agreement with an insurance premium of three billion yuan ($US 363 million). Besides, the two sides have also signed a donation agreement. Taking the two agreements into account, PICC have made a total donation of two million yuan ($US 242, 000) to the festival.

The insurance agreement consists of two types of insurance: one is the "Group Accident Injury Insurance" and the other is "Public Liability Insurance", both of which are extended to cover the five hosting cities, including Hangzhou, Ningbo, Wenzhou, Shaoxing and Jiaxing.