Insurance Business Platform. Services Provided by the Group to the Finance Company In relation to the insurance business platform services arrangements under the Financial Services Framework Agreement, the Company as the platform service provider, agreed to cooperate with the Finance Company, and authorize Finance Company to use the various platforms of the Group including electronic platforms (such as B2C website, the mobile terminal air tickets sale platform and VOS sale system of the Company) and ground service counter channels as the sales platforms for sale of various insurances relating to aviation transportation including baggage insurance and aviation passenger accident insurance. The Company as the platform service provider, shall be responsible for providing the platforms and assisting the sale of various insurances. The Finance Company (the only entity within the CSAHC Group holding the comprehensive insurance agent qualification which was approved by both CBRC and CIRC) as the insurance sales agent, shall be responsible for the sale of various insurance through the said various platforms of the Company. The Finance Company will pay the service fees to the Group according to the sales volume of the different types of insurances conducted through the various channels. For the sale of insurance policies through the Group's ground service counter channels and its electronic platforms, the Group is currently charging a fixed ratio of the insurance premium of each of the following different kinds of insurance policies: Types and ways of insurance policies to be sold Fee scale Fee determination basis sold through its electronic RMB 5 or RMB 7/ policy, No comparative market platforms representing 25% of the insurance premium charging standard due to the specific nature of such transaction sold through the ground service counter channels • Domestic baggage insurance policy RMB 2.37 or RMB 2.67/ policy, representing 26.7% of the insurance premium determined by the relevant rental cost for ground service counters plus a fixed profit of 30% (covering the relevant tax and other management expenses) • International baggage insurance policy RMB 13.34/ policy, representing 26.7% of the insurance premium • Aviation passenger accident insurance policy sold in Guangzhou RMB 9 (for domestic product) or RMB 30 (for international product) / policy, representing 30% of the insurance premium determined by the basic fixed fee of RMB5 or RMB7 charged by the Group for the sale of similar insurance p...
Insurance Business Platform. Services Provided by the Group to the Finance Company The aggregate historical services fees charged by the Group for the insurance business platform services arrangements were as follows: For the financial year ended 31 December For the six months ended 30 June 2000 XXX (million) 2015 RXX (xxxxxxx) 0000 XXX (million) Services fees charged by the Group 22 16 15 Original caps for insurance business platform services arrangements N/A 40 60 (for the year ending 31 December 2016)
