Nation's first disaster cover launched

China Life, China's largest life insurer, has launched the country's first accident insurance policy, in part, to address the increased insurance demand after the earthquake in Sichuan.

It will cover six types of natural disasters, including earthquakes, floods, tsunamis, typhoons, mudslides and landslides.

"This trial is to help people transfer risks through commercial means," said Wan Feng, president of China Life.