1.What are the characteristics of CCIF?

2.What is the key difference between CCIF and other charity foundations?

3.What are the illnesses and injuries covered?

4.Who is eligible to receive the insurance?

5.How do CCIF choose designated insurance company for the recipients?

6.Who is eligible for the donation? And how do they apply for it?

7.Can donor organization designate recipients?

8.What is the distribution process?

9.How do you ensure the transparency of donation usage?

10.How does overseas organization receive foreign tax-deduction receipt?

1.What are the characteristics of CCIF?

CCIF created a charity platform through an innovative combination of commercial insurance and traditional charity fund. CCIF has following characteristic:

  • Philanthropic, focused on children healthcare issues

  • Leverage the mechanism of insurance

  • Supplementary to existing social welfare system

  • Operated through the network of All-China Womens Federation

  • Efficient benefit claiming system, and lump sum payment once diagnosed

  • Sustainable and executable charity model

Such combination of insurance and charity has magnified the benefit coverage, so that CCIF can help more children through timely financial support to fight against critical illnesses and sever injuries. Through this mechanism, we act before the disaster comes rather than responding passively afterwards. We provide long-term systematic safeguard while not the temporary emergency aids. Charity aids in the form of insurance will significantly magnify the donation impact to provide protection for many more children.

2.What is the key difference between CCIF and other charity foundations?

CCIF is the first and only foundation to provide charity relief by insurance at present. The objectives of many other charity foundations focus on providing assistance to children and families diagnosed with illnesses. We act before the disaster comes rather than responding passively afterwards.

  • CCIF is working on precaution in advance, so that it can provide timely financial support to help more children fight against diseases/injuries. According to the analysis of medical experts, childrens diseases can be controlled well if they can be treated at early time after diagnosed.

  • The leveraged impact of insurance significantly magnifies benefit impact. Each RMB 20 Yuan, or USD$3 or so, of donation as premiums may provide RMB 100,000 Yuan (~$USD15K) of risk protection for a child for one year.

3.What are the illnesses and injuries covered?

The insurance of CCIF covers four types of critical illnesses and severe injuries common to children in China - leukemia, acute renal failure (uremia), severe burns and double/single permanent total blindness.

4.Who is eligible to receive the insurance?

The insurants of this insurance must conform to the following requirements:

  • Children between the ages of 3 and 15;

  • The insured children must in groups;

  • Those children must have good health condition approved by the insurance company;

5.How do CCIF choose designated insurance company for the recipients?

On a regular basis, we conduct an open and fair bidding process inviting all the major insurance companies. We will compare many factors in insurance plan design and service capability to find the best insurance product to help our recipients. These factors include product feature, pricing, service, brand, coverage network and etc. This is to ensure that we would obtain the best insurance plan with reliable and efficient claim application and delivery process.

6.Who is eligible for the donation? And how do they apply for it?

Our product is an exclusive, low cost insurance for charity purpose. We use donation to cover children, aged between 3 and 15, in groups (no less than 500 persons). The insured children groups will be selected by CCIF Management Committee according to the direction and advice from CCTF. Any community/school in need can apply to CCIF Management Committees office. Considering donors wish, our working plan and financial condition, we will allocate the donation to these eligible groups in a reasonable timeframe.

7.Can donor organization designate recipients?

Organizations donating RMB 200K Yuan, about USD$30K, or more can advise the designated recipients of the donation, while the selected recipient groups must meet the requirements of our foundation.

8.What is the distribution process?

With the help from local municipal government, education institutes, and especially All-China Womens Federation, CCIF would distribute the donation to cover children in various groups all across China. For example, local kindergartens, schools, orphanages and other children groups can submit a list of children under their organizations to the local branches of All-China Womens Federation, which then consolidate the lists and send to CCIF office for insurance benefit application/approval process. Once approved, the insurance cards will be sent to each group to be delivered to the hands of each individual child.

9.How do you ensure the transparency of donation usage?

The activities of CCIF are audited by Deloitte LLP, a global professional accounting firm. The management committee will also invite various educational institutions, social groups and parents of the insured children to keep track of the effectiveness of the fund usage. And we will publish all the information through the media. Also, CCIF is open to the supervision from donors, recipients and the community.

10.How does overseas organization receive foreign tax-deduction receipt?

For overseas donor who needs authorized foreign charity organizations receipt for tax purposes, we will arrange it with our international partners, e.g. Give2Asia. These partners are registered charity organization in their respective countries and are able to issue receipts for tax-deduction purposes.