Core Viewpoint - China Life Insurance Nanning Branch (Nanning Guoshou) emphasizes its commitment to financial services for the real economy and improving people's livelihoods through innovative practices in health insurance [1][2]. Group 1: Health Insurance Initiatives - Nanning Guoshou has participated in the "Hui Yong Bao" project for four consecutive years, providing comprehensive health insurance coverage for a premium of 79 yuan per year, offering benefits up to several million yuan for hospitalization and rare diseases [1][2]. - The project has enrolled over 2.75 million participants, with total claims exceeding 170 million yuan, reducing the medical burden for participants by an average of 6.2% [2]. - The insurance scheme allows the use of personal medical insurance accounts for family coverage, enhancing accessibility and collaboration within the multi-tiered medical insurance system [2]. Group 2: Comprehensive Medical Coverage - Nanning Guoshou provides urban and rural residents with major illness insurance, covering 5.76 million insured individuals, and has established partnerships with nearly 1,800 medical institutions for extensive claim settlement [2]. - The company has paid out a total of 1.062 billion yuan in claims, implementing a one-stop settlement process for basic medical insurance, major illness insurance, and medical assistance [2]. Group 3: Targeted Insurance Products - In 2024, Nanning Guoshou will offer inclusive insurance products tailored for specific groups, including women's health and student safety insurance, with total coverage exceeding 100 billion yuan [3]. - The company has launched a "New Citizen Exclusive Protection Plan" for new urban residents, providing flexible insurance options and risk coverage for nearly 30,000 individuals [3]. - The "Anti-Poverty Insurance" project aims to support around 70,000 migrant workers with coverage for accidents, serious illnesses, and disabilities, while collaborating with government departments for health monitoring and risk prevention [3].

Core Insights - China Life Insurance Guangxi Branch (referred to as "Guangxi Guoshou") has achieved significant growth in total premium income, reaching 17.1 billion yuan in 2024, a year-on-year increase of 36%, capturing a market share of 34% [1] - The company has actively participated in rural revitalization efforts, undertaking 48 targeted assistance projects and launching the "Anti-Poverty Insurance" initiative, which was recognized as one of the top ten cases in national financial support for key rural revitalization counties [1] - In the major illness insurance sector, Guangxi Guoshou successfully won bids for urban and rural residents' major illness insurance projects across 14 cities, covering nearly 44 million insured individuals, with claims amounting to 2.7 billion yuan in 2024, a 23% increase year-on-year [1] Group 1 - Guangxi Guoshou has implemented a one-stop settlement mechanism integrating basic medical insurance, major illness insurance, and medical assistance, effectively reducing the medical burden on the public [1] - The company has upgraded its systems in collaboration with relevant firms, achieving a 60% reduction in operational costs for medical insurance and commercial insurance integration [1] Group 2 - Since April 2022, Guangxi Guoshou has been managing customized commercial insurance (Hui Min Bao) in urban areas, achieving a participation rate of 15% in Nanning, and completing the launch of this insurance across 14 cities within a year [2] - By March 2025, the company has processed claims for 76,000 individuals, totaling 170 million yuan, while actively adjusting plans to ensure the sustainability of projects facing increased payout rates [2] - In 2024, Guangxi Guoshou provided over 600 billion yuan in insurance coverage for specific groups, including 1.57 million women, 2.39 million students, and 75,800 disabled individuals [2]