, China
/Nuno Alberto from Unsplash

China's long-term care insurance sees regulation overhaul

Since its launch, the scheme has covered 180 million people.

China has introduced new regulations aimed at standardising the management of designated institutions responsible for assessing individuals' incapability of self-care in long-term care insurance schemes, its state news agency reported.

Issued by the National Healthcare Security Administration, these regulations outline basic criteria, operational requirements, and supervisory standards for such institutions.

Institutions interested in becoming designated evaluation bodies can apply to regional healthcare security authorities. 

ALSO READ: China intensifies healthcare probes over insurance fund concerns

They must undergo a comprehensive review and public notification process to qualify.

Since its launch in 2016, China's long-term care insurance schemes have covered 49 cities and 180 million people. These regulations are designed to enhance the fairness and efficiency of the schemes.

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Is ‘Londonisation’ good for Asia’s M&A insurance market?
Industry experts dissect the region’s low usage rates for M&A insurance despite more industry players entering the field.
Insurance
Markel targets professional indemnity market in Australia
Head of professional and financial risks, Kym Beazleigh, explains the game plan in Markel’s strategic expansion.
Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.