Shanghai, May 27 (Gasgoo.com) The Beijing branch of China's top non-life insurer PICC Group announced earlier this week that it has joined hands with China Auto Rental Ltd. to offer rental car reimbursement coverage for its clients, China Daily reported.
"The cooperation has been the first and the largest one between an insurance company and a car rental company in Beijing," said Wang Jingchen, general manager of PICC's Beijing branch Beijing branch. "We strive to meet every detailed need of Beijing's car owners."
The People's Insurance Company of China Group (PICC Group) has been the biggest insurance conglomerate in China ever since its establishment in 1949. The top non-life insurer in China provides coverage to more than 1.35 million motorists in the capital city of Beijing.
PICC customers can choose an option that provides loaner vehicles when insured vehicles are being repaired for a cumulative total of 60 days per year. This add-on costs up to 300 yuan ($44) per year. Sixty days of car rental might cost over 10,000 yuan in the capital.
China Auto Rental Ltd will have more than 500 service outlets nationwide, with 100 in Beijing, by the end of the year. The rental company and PICC will first develop their services in Beijing, and then expand to other parts of the country.
