China aims to nearly double the proportion of insurance premiums in its gross domestic product (GDP) to 5% over six years to further develop the industry. The government will support insurance companies in developing innovative products in health insurance, pension plans, agricultural insurance and disaster insurance, as the Chinese government announced a blueprint on developing the insurance sector through 2020. It forecasts the insurance penetration ratio to rise to 5% by 2020 from around 3% last year, and average insurance spending per capital to rise to CNY3,500 from around CNY1,300 last year. The government has also put forward for the first time an initiative to set up a disaster insurance system. All levels of government departments from central to local are encouraged to help set up the system by drafting insurance policies covering natural disasters. A trial for disaster insurance has been approved for Shenzhen and an area in Yunnan province. There are currently no specific policies to cover houses and infrastructure destroyed by disasters such as an earthquake, typhoon or tsunami, the Shanghai Daily reports.