In recent years, as an important part of my country’s inclusive finance, various inclusive insurance products have received widespread attention from the society. Specific risk groups such as the elderly, special occupations, and new citizens have become key service targets of inclusive insurance.
A few days ago, the China Banking and Insurance Regulatory Commission issued the “Guiding Opinions on Promoting the High-quality Development of Inclusive Insurance (Draft for Comment)” (hereinafter referred to as the “Draft for Comment”) to various insurance institutions. The draft for comments clarified the scope of inclusive insurance for the first time, proposed that insurance services for specific risk groups should be improved, and guided insurance institutions to increase protection for seven types of specific risk groups such as the elderly. Encourage insurance institutions to vigorously develop accident insurance and health insurance products suitable for the needs and payment capabilities of the elderly, explore and expand reasonable protection for the elderly with pre-existing diseases and chronic diseases, and focus on meeting the insurance protection needs of the elderly.
Life insurance companies under China Life Group have always adhered to the “people-centered“Develop thinking, focus on the immediate needs of the people, carry out diversified inclusive insurance projects and services, and protect the people’s better life with heart and soul. As of the end of November 2022, China Life Insurance Company’s inclusive financial business (excluding political insurance business) underwriting elderly customers133 million peopleproviding risk protection7.53 trillion yuan; Insured rural population293 million person-timesproviding risk protection27.54 trillion yuan; coverage for the disabled10.45 million passengersproviding risk protection407.4 billion yuan. The company has carried out a number of inclusive insurance businesses for different groups, giving full play to its role in serving the real economy and social security.
Old age insurance inclusive business
China Life Insurance Company actively promotes the rapid development of old-age insurance, providing insurance protection for the elderly covering the responsibilities of disease death, accidental death, accidental disability, accidental fracture, medical expense compensation, hospitalization allowance, etc., to meet the needs of the elderly population in many ways. The demand for insurance protection will further improve the ability of the elderly to resist risks.
Build a cooperation platform,Do a good job in business promotion. In 2016, China Life Insurance Company held the “Symposium on the Development of Old Age Insurance”, requiring institutions at all levels to do a good job of connecting each other and effectively promoting it. Organizations at all levels of the company actively implemented, signed cooperation agreements, held special training courses, and comprehensively deployed and coordinated the promotion of the elderly business.
Actively advocate public welfare,Promote social coordination. In order to further promote the development of old-age insurance, organizations at all levels of China Life Insurance actively donate insurance to the old-age activities held by local government organizations and social groups, and encourage local organizations to mobilize the participation of the society as an important starting point for doing a good job in old-age insurance. , Actively mobilize and guide government agencies, enterprises, institutions, village collective organizations, and public welfare and charitable organizations to donate accident insurance for the elderly, continuously expand social influence, and form a good situation for the participation of the whole society.
Create an atmosphere of respect for the elderly,Create projects that benefit the people. Organizations at all levels of China Life Insurance Co., Ltd. actively cooperate with local government units to carry out rich content and various forms of publicity activities to the elderly group, publicize knowledge of old-age insurance, and introduce claims cases. Some branches actively cooperate with local government units to organize activities such as the Spring Festival Gala for the Elderly and the Talent Competition for the Elderly to enrich the leisure life of the elderly.
Personal pension business
Covers all leading regions
China Life Insurance Company actively explores the establishment of a communication and cooperation mechanism with regulatory agencies, relevant government departments, industry associations and peer companies, actively promotes the implementation of the personal pension system, and completes system guarantee, risk control management, product design, system support, and policy promotion , sales training and other work, become the nationalfirst batchOne of the insurance institutions that has connected with the Ministry of Human Resources and Social Security and completed the test, making full preparations for the landing of personal pension business.
On November 25, 2022, the personal pension system will be implemented.The Ministry of Human Resources and Social Security, the Ministry of Finance, and the State Administration of Taxation issued a notice clarifying that the personal pension system will be implemented in Beijing, Tianjin, Shijiazhuang, Hebei, Xiongan New District, and Jincheng City, Shanxi.36Pioneering cities and regions will start implementation. Qualified people in the leading cities can voluntarily participate in the personal pension business. On November 26, China Life Insurance Company took the lead in realizing36 companiesProvincial branches issued orders for personal pension products, covering all leading regions. The company’s first personal pension product——China Life Xinxiangbao Exclusive Commercial Pension InsuranceIncluded in the list of the first batch of personal pension insurance products, providing customers with “Pratt & Whitney,long,steady“Personal pension products and services demonstrate the company’s responsibility to adhere to the political, people-oriented, and professional enhancement.
China Life Insurance Company also promotes the Internet direct sales of personal pensions, optimizes the system, broadens the entrance of insured groups, and improves customer insurance experience.As of the end of December 2022, the company’s personal pension official website direct sales premium reached71.1 million yuanthe number of insured pieces reaches19,000 pieces.
China Life Insurance Company will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, always adhere to the “people-centered” development idea, give full play to the economic “shock absorber” and social “stabilizer” functions, and actively participate in the third pillar of the country’s pension security System construction, closely following the national inclusive financial development policy, actively developing inclusive insurance products, enhancing the initiative and creativity of serving the “big country”, meeting the diverse financial and insurance service needs of the people, and better protecting the people’s better life.