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What does this mean? The quality of this product is insured by PICC P&C in China.
Refers to the product quality assurance insurance underwritten by PICC in China.

Product quality assurance insurance is also called "product assurance insurance". Insurance that causes economic losses to consumers due to inherent quality defects in products produced, sold or repaired by producers, sellers and repairers.

Product quality assurance insurance includes: losses and expenses caused by replacing or repairing products with quality problems; Losses and expenses caused by using other methods to achieve the purpose because the product cannot be used; ; Losses and expenses caused by the recall, replacement or repair of products that have been put on the market according to court decisions or orders of relevant government departments.

PICC P&C Jilin Branch is the first insurance company in Jilin Province to offer product quality assurance insurance. It has provided product quality assurance insurance for more than 20 years and provided product quality assurance insurance services for many enterprises in the province. This is the first cooperation between PICC P&C and Baishan Fangda Group.

Extended data:

On September 5th, 20 18, China People's Property Insurance Co., Ltd. (hereinafter referred to as "China PICC P&C Insurance Company") and 360 Enterprise Security Technology (Beijing) Group Co., Ltd. (hereinafter referred to as "360 Enterprise Security Group") jointly launched the "Network Information Security Insurance" product and held a press conference. Feng, Vice President of China, and Qu Xiaodong, Senior Vice President of 360 Enterprise Security Group attended the meeting.

China PICC P&C and 360 Enterprise Security Group jointly launched the "Network Information Security Insurance" product, which provides 12 protection contents for the "Top Ten Network Risk Scenarios" that enterprises may face in their daily operations. Enterprises in various industries that need security in network security operation can seek corresponding security in their products according to their own operating characteristics.

Baidu encyclopedia-product quality assurance insurance

Phoenix Net-China PICC P&C Insurance and 360 Enterprise Security Group launched network information security insurance products.