Core Insights - The article highlights the increasing elderly population in China, with projections indicating that by the end of 2024, there will be approximately 31.03 million individuals aged 60 and above, accounting for 22% of the total population [1] - The government is prioritizing elderly care as a significant national strategy, particularly in response to the challenges posed by an aging population [1][2] - The Long-term Care Insurance (LTCI) system is being established to provide support for elderly individuals with disabilities, aiming to alleviate the burden on families and improve the quality of care [5][10] Group 1: Elderly Population and Care Challenges - As of 2023, the number of disabled individuals aged 60 and above in China reached 46.54 million, with projections estimating this figure will rise to 72.79 million by 2025 [1] - Rural elderly individuals face significant challenges in care due to limited medical resources, transportation issues, and economic constraints [1][3] Group 2: Long-term Care Insurance (LTCI) Implementation - The LTCI system was first piloted in Jiangyin in July 2019, providing essential life care and related medical services for eligible disabled individuals [5][6] - By January 2025, 49 cities had participated in the LTCI pilot, with over 180 million people insured and more than 2.6 million individuals receiving benefits, totaling over 80 billion yuan in expenditures [10][11] Group 3: Company Initiatives and Services - Ping An Insurance has been actively involved in the LTCI project across 8 provinces and 18 districts, serving over 30 million insured individuals and disbursing more than 270 million yuan in benefits [11] - The company has developed a comprehensive healthcare and elderly care ecosystem, integrating insurance, medical services, and technology to enhance service delivery [11][12] - Ping An aims to address the disparities in elderly care services between urban and rural areas, promoting a multi-faceted approach to elderly care that includes home, community, and institutional support [12]