BEIJING, Sept. 2. (China Space News) — Insurance rates of China’s in-orbit satellite constellation dropped to a record low of less than 0.5%, down over 20% from last year, according to China Satellite Communications Co. Ltd.
Three satellites, the Zhongxing-6A, Zhongxing-10 and Zhongxing-11, all based on the DongFangHong-4 platform, stand out as their insurance rates are as low as about 0.46%, hitting new low records.
The rates are not only better than average for international satellite insurance market, but also lower than some European and American satellites based on similar platform.
