China’s Expansion of Tax-Exempt Health Insurance Program Has Limited Impact on Insurers
China recently announced expansion of the pilot program for tax-exempt commercial health insurance, which allows up to CNY 2,400 to be deducted from tax liability per person per year in the whole country starting from July 2017. There are five specialized health insurance companies, including Hexie Health, PICC Health, Ping An Health, Kunlun Health and CPIC Allianz Health. Hexie Health, PICC Health and Ping An Health are the three largest health insurers in China. Despite the hefty growth, all t...People's Insurance Company of China, through more than 10 subsidiaries, is engaged in property and casualty insurance, life insurance, health insurance, asset management, insurance brokerage and trust, fund, insurance financial industry cluster and integrated business group structure for the public and agencies Group provides comprehensive insurance and financial services.
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