Core Viewpoint - The company has been committed to its mission of serving the public through financial services, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, as it celebrates its 20th anniversary [1][8]. Group 1: Technology Finance - The company actively supports national strategies by investing in various manufacturing enterprises, addressing the long-term financing needs of high-tech industries and strategic emerging sectors [2]. - Investments cover areas such as 5G, cloud computing, big data, artificial intelligence, and GPU chips, facilitating the transformation of technological achievements into new productive forces [2]. - Customized insurance products for executives and R&D personnel in high-tech companies have provided coverage for 20 million individuals, aiding in talent retention and attraction [2]. Group 2: Green Finance - The company emphasizes green development as a foundation for high-quality growth, investing in low-carbon transition enterprises and supporting technologies for carbon reduction and capture [3]. - It holds several billion in green bonds and invests in private equity funds focused on green energy companies, aligning with the goals of carbon neutrality and sustainable development [3]. - The company integrates environmental, social, and governance (ESG) criteria into its asset allocation and risk management frameworks to enhance financial risk control [3]. Group 3: Inclusive Finance - The company aims to meet diverse financial needs by developing insurance products for small and micro enterprises, offering comprehensive health management services [4]. - It has expanded insurance coverage for the elderly, allowing individuals up to 80 years old to obtain policies, thereby increasing accessibility for older populations [4]. - The company collaborates with local governments to provide tailored commercial insurance solutions, serving over 18 million users across 25 cities [4]. Group 4: Pension Finance - The company addresses aging population challenges by expanding insurance coverage for seniors and enhancing financial services tailored to their needs [6]. - It has developed a range of medical insurance products suitable for various health conditions of the elderly, establishing a comprehensive health service system [6]. - The company promotes the integration of new pension industries with financial services through investments in innovative pension-related enterprises [6]. Group 5: Digital Finance - The company is advancing its digital transformation to enhance service efficiency and customer experience, utilizing AI across various operational areas [7]. - It has implemented AI-driven solutions in agent operations, underwriting, and health management, significantly improving service delivery and risk assessment [8]. - By 2025, the company aims to provide insurance coverage for 77 million clients and has paid out over 50 billion in claims, demonstrating its commitment to high-quality financial services [8].

Core Viewpoint - The introduction of disability income loss insurance by China Life Insurance Company highlights the growing demand for such products in the context of increasing aging population and rising chronic diseases among younger individuals [1][2]. Group 1: Market Overview - The disability insurance market in China is currently small, with a premium income of 1.416 billion yuan in 2023, accounting for approximately 0.04% of the health insurance market [2]. - Out of 19,507 health insurance products registered, only 109 are classified as disability insurance, with only 36 actively sold and just 13 being long-term disability insurance [2]. - Globally, the disability income loss insurance market is valued at approximately 4.4 billion USD, with a projected compound annual growth rate of 11.2% from 2024 to 2033 [2]. Group 2: Product Development - China Life's new disability income loss insurance is part of a broader trend where insurance companies are increasingly targeting this niche market, following the launch of internet-exclusive personal disability insurance by Huagu Life and Zhongcai Life in 2022 [3]. - The new product will be marketed alongside the Guoshou Additional Kangning Whole Life Insurance (2025 version), offering comprehensive coverage, high leverage, premium waivers, and tax advantages [3]. Group 3: Industry Challenges and Recommendations - The industry faces challenges such as low market awareness and limited product offerings, necessitating enhanced marketing and consumer education regarding disability risks and insurance [4]. - Insurance companies are encouraged to develop diverse and personalized disability insurance products tailored to different occupational groups and age demographics, as well as to consider bundling with other insurance products for comprehensive health coverage [4].