Insurance products are generally calculated by the insurance product development department of each head office according to the market demand (insurance liability, deductible liability, insurance contract sample, sales method, payment period, premium price, etc.), and then accurately calculated by actuaries (payment, cash value, due payment, payment ratio, management fee, etc.), and reported to the product approval department of the CIRC for approval. After the CIRC agrees to reply, the business management department of the Head Office designs the policy filling process, and formulates the business process, compensation process, safety process and claim settlement process. ........................................................................................................................, the Information Technology Department's design operation flow, is suitable for individual insurance sales channels, bank insurance sales channels and telemarketing channels if these are divided by sales channels. Provincial branches have no right to develop products of the above-mentioned sales channels, and can make demands to the head office.
To develop group insurance products, provincial branches only need to assemble themselves, calculate the expenses, report to the head office for approval, summarize the situation according to the accident insurance clauses issued by the head office, and report to the local insurance regulatory bureau and the insurance industry association.