Seventy percent (70%) of respondents to a survey on elderly care and retirement financing in China say that they have yet to draw up their pension plan, due to ignorance or simply the lack of action, according to a bluebook published jointly by AIA and the Centre for International Social Security Studies(CISS) at Chinese Academy of Social Sciences(CASS).
China has released its latest medical security plan, issued by the General Office of the State Council, with the aim of benefiting people across all sectors of society.
The Chinese government has reiterated that it will promote private pension plans as it accelerates its efforts in developing a sustainable multi-tiered social security system that follows fair and uniform standards, according to the country's latest human rights action plan.
China Pacific Insurance (Group) (CPIC) has reported solid business performance in the first half of 2021. During the period, Group operating income amounted to CNY252.51bn, a growth of 7.2% year-on-year.
For helping his unit achieve excellent long-term performance via recruiting and giving lectures on business topics; for sharing his experience managing agencies and sales teams with less experienced sales managers; and for outstanding leadership which has seen many of his subordinates qualify for Million Dollar Round Table (MDRT).
For creating an online platform that facilitated the work and training of its agents; for upgrading its HR infrastructure to cope better with the challenges presented by the pandemic; and for upgrading it employee benefits services to make sure employees were well taken care of during the pandemic.
AIA Group (AIA) has agreed to invest CNY12.03bn ($1.86bn) in a 24.99% equity stake, post investment, in China Post Life Insurance, the Hong Kong-headquartered regional insurer disclosed in a statement yesterday.
HSBC Life has announced that it will integrate dacadoo's Digital Health Engagement platform into its recently launched health and wellbeing platforms, available to both corporate and retail customers.
Ping An Insurance (Group) Company of China (Ping An) is investing in a holistic strategy in digital healthcare to address the challenges of China's rapidly aging population, rising public healthcare costs, and a shortage of medical professionals.
Two of China's major life insurers strengthened their agency forces last year as they tried to cope with the impact of the COVID-19 pandemic that affected face-to-face marketing.
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