The State Council has issued the “Several Opinions on Strengthening Supervision, Preventing Risks, and Promoting High Quality Development of the Insurance Industry,” setting a goal for the insurance sector to become globally competitive by 2035. The document emphasizes the acceleration of pension insurance as a “third pillar,” aiming to bolster commercial insurance annuities that cater to the diverse retirement security and financial planning needs of the populace. It encourages the innovation of new products tailored for personal pension systems and supports pension insurance companies in conducting commercial pension business.
The government plans to enhance the development of exclusive commercial pension insurance, diversify insurance products, services, and funding support mechanisms aligned with the silver economy. This initiative is designed to foster the synchronized growth of the insurance and elderly care service industries, in compliance with legal and regulatory frameworks.
Additionally, the document outlines measures to elevate the standard of health insurance services. This includes expanding health insurance coverage, diversifying commercial medical insurance products, and facilitating the expedited settlement of medical expenses. It also involves incorporating new medical technologies, drugs, and devices into the security scope, developing commercial long-term care insurance, and ensuring continuous major illness insurance services. The integration of commercial health insurance with health management is to be deepened, with a focus on providing insurance products for the elderly and those with chronic diseases.
Pilot programs for regional insurance drug and device lists are to be initiated, and the exploration of a third-party service agency “blacklist” system is encouraged. The document also calls for the enhancement of information exchange between medical security information platforms and commercial health insurance information platforms, the development of statistical standards for commercial pension insurance, and the establishment of a robust health insurance data indicator system. – Flcube.com
