ing-capital-life-opens-third-china-branch

ING Capital Life opens third China branch

Insurance JV to open Shandong branch.
ING Capital Life Insurance, ING GroepÆs China joint venture, has further expanded its presence on the Mainland, officially opening its Shangdong branch.

The Shandong operations will be run out of Jinan, and is the third branch office in Northeast China for the Dalian-based ING Capital Life Insurance.

Initially, the Shandong operations will offer a mix of traditional life, annuities and medical policies. This product suite will be sold by tied-agents and insurance brokers. In time, bancassurance will likely be another distribution channel used in the Eastern province of 90 million people.

The insurer's Shandong offices will also be the first in INGÆs China network, and in the country, to introduce a global best practice...
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