Core Insights - Ningbo has established a comprehensive long-term care insurance system that covers all residents, serving as a national pilot city for this initiative [1][2] - The long-term care insurance policy is driving the development of the local elderly care industry and stimulating market vitality [1][2] Group 1: Long-term Care Insurance System - As of now, the number of insured individuals in Ningbo has reached 8.39 million, benefiting nearly 50,000 severely disabled individuals [1] - The policy ensures equal treatment and coverage for urban and rural residents, breaking down the urban-rural divide [1] - The funding mechanism has shifted towards a sustainable model involving individuals, government, and funds, enhancing the independent insurance nature of social insurance [1] Group 2: Impact on Elderly Care Industry - The long-term care insurance policy has significantly boosted the elderly care industry, leading to the establishment of 162 new institutions and creating nearly 10,000 jobs [2] - The local elderly care market has exceeded 1 billion yuan in scale, with national nursing organizations like Fushoukang and Yidekang setting up operations in Ningbo [2] - The integration of "service + technology" is fostering rapid development of new industries such as smart assistive devices and rehabilitation robots, promoting a high-tech, high-value upgrade of the "silver economy" [2] Group 3: Future Developments - Ningbo has been approved as a "National Long-term Care Insurance System Transformation Demonstration City" and plans to deepen system construction and expand coverage [2] - The city aims to strengthen talent cultivation and promote deep integration of the industry chain, aspiring to create a nationally influential "Ningbo Long-term Care" service brand [2]