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Helping elderly gain financial security

Helping elderly gain financial security

Jordan www.szdingrun.com 2017-06-28 09:23:38
In old age, most people need something to rely on. For the Chinese, that's generally been family and a State pension.

Yet the central government has shown it wants the commercial endowment insurance sector to help more with ensuring the nation's seniors are financially secure in their twilight years.

The State Council unveiled an array of incentives and guidelines aimed at boosting the sector at an executive meeting presided over by Premier Li Keqiang on Wednesday.

A statement released after the meeting said China aims to build a mature and comprehensive commercial endowment insurance market by 2020, with endowment polices set to become the main form of family pension plan and a major part of social pension funds.

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