In Guangdong province, inclusive insurance is increasingly reaching households with tangible impact. Recent visits to Guangzhou, Zhuhai, and Jiangmen show that these programs are moving beyond basic availability, demonstrating broad coverage, accessible benefits, and practical support for vulnerable groups.

Policy guidance has clarified the role of inclusive insurance. Following the 2023 State Council Implementation Opinions on Promoting High-Quality Inclusive Finance, which highlighted inclusive life, agricultural, and pension insurance as core pillars, the National Financial Regulatory Administration in 2024 released further guidance aiming to establish a high-quality inclusive insurance system by the end of the 14th Five-Year Plan.

According to Guo Jinlong, researcher at the Chinese Academy of Social Sciences, inclusive insurance should combine broad access with fair, affordable, and convenient protection, emphasizing its social stabilizing function. Hong Mei, China Life Insurance, notes that inclusive insurance serves as both economic shock absorber and social stabilizer, supporting households through compensation, financing, and risk protection.

Data confirm rapid growth: in 2024, agricultural insurance premiums reached 152.1 billion yuan, supported by 54.7 billion yuan in central subsidies, covering 147 million farmers and protecting over 5 trillion yuan in risks. Inclusive health insurance has expanded sharply: China Life issued over 250 million policies, covering rural residents, migrant workers, disabled individuals, and the elderly.

Guangdong has become a testing ground for inclusive insurance innovation. City-tailored programs such as Guangzhou’s Suishuikang, Zhuhai’s Daai Wujian, and Jiangmen’s Yikangbao combine government guidance with commercial operations to deliver practical, accessible coverage.

• Suishuikang: launched 2020, over 18.28 million participants, cumulative payouts 2.28 billion yuan, covering all ages, pre-existing conditions, and medications.

• Daai Wujian: launched 2019, 5.9 million participants, total payouts 774 million yuan, offers lump-sum compensation for major illnesses.

• Yikangbao: provides integrated medical and long-term care coverage, serving 3.2 million individuals, cumulative payouts over 250 million yuan, including 56,300 long-term care beneficiaries.

A Guangzhou resident reported that Suishuikang reduced her family’s CAR-T treatment cost by nearly 1 million yuan, illustrating tangible relief.

Guangdong has become a testing ground for inclusive insurance innovation. City-tailored programs such as Guangzhou's Suishuikang, Zhuhai's Daai Wujian, and Jiangmen's Yikangbao combine government guidance with commercial operations to deliver practical, accessible coverage.

• Suishuikang: launched 2020, over 18.28 million participants, cumulative payouts 2.28 billion yuan, covering all ages, pre-existing conditions, and medications.

• Daai Wujian: launched 2019, 5.9 million participants, total payouts 774 million yuan, offers lump-sum compensation for major illnesses.

• Yikangbao: provides integrated medical and long-term care coverage, serving 3.2 million individuals, cumulative payouts over 250 million yuan, including 56,300 long-term care beneficiaries.