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...Ping An Insurance Group Company of China is an insurance company. Co. is engaged in the provision of financial products and services on insurance, banking and investment businesses. Co.'s business activities include investing in financial and insurance enterprises, supervising and managing various domestic and overseas businesses of subsidiaries, and investment deployment. Through its subsidiaries, Co. is also engaged in securities investment and brokerage activities; asset management; futures brokerage activities; property investment, management and leasing; operation of pharmacy; wholesale of medical equipment; and information technology services.
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