Cai Jing Wang·2025-03-27 10:43Core Insights - China Life Insurance is focusing on enhancing its pension and health insurance products to meet the diverse needs of customers at different life stages [1][2] - The company aims to expand its personal pension business, targeting a cumulative scale of nearly 3 billion yuan by the end of 2024, with over 270,000 policies in force [1] - In health insurance, China Life has launched over 500 products since 1999, with more than 220 currently available, and plans to increase the insurance amount for commercial health insurance by over 80 trillion yuan in 2024 [1][2] Group 1: Pension Business - The company plans to diversify its product offerings, including personal pensions, to better cater to the retirement needs of its clients [1] - By the end of 2024, the personal pension business is expected to reach a scale of nearly 3 billion yuan, with over 270,000 policies [1] - In 2024, the business scale is projected to be 2 billion yuan, with more than 150,000 policies, maintaining the industry leadership [1] Group 2: Health Insurance - China Life emphasizes the importance of health insurance and will continue to upgrade its health insurance offerings, focusing on various forms such as medical, nursing, disability, and disease insurance [2] - The company aims to serve a broader population, particularly targeting the elderly and those with chronic diseases, by incorporating high-quality medical technologies and equipment into its coverage [2] - The strategy includes transitioning from single risk coverage to a comprehensive health protection plan that encompasses prevention, treatment, and rehabilitation [2]