Over 7m poor people benefit from China's insurance project

BEIJING — An insurance project has expended nearly 230 million yuan (about $32.7 million) by the end of October, benefiting around 7.89 million workers of registered poor households, sources with the project said.

The project, jointly launched by the China Foundation for Poverty Alleviation (CFPA) and three other firms, will provide medical insurance for 10 million workers of registered poor households by the end of 2020.

Focusing on poverty alleviation, the foundation will take effective measures including using blockchain technology to ensure both information transparency and effective coverage, according to Qin Wei, assistant executive director of the CFPA.

The foundation has brought the program to 12 of China's provincial regions such as Hubei, Sichuan and Yunnan.

Launched in 2017, the program aims to provide medical insurance for workers aged 18 to 60 of registered poor households by current standards.