"Measures for the Administration of Pension Insurance Business of Insurance Companies" refers to the pension insurance business.

1. Basic information The "Measures for the Administration of Pension Insurance Business of Insurance Companies" were reviewed and adopted by the China Insurance Regulatory Commission Chairman's Office of the Trade Union on September 30, 2007, and are hereby promulgated and shall come into effect on January 1, 2008.

Commercial pension insurance is an important part of my country's pension security system.

In recent years, the number of people covered by my country's commercial pension insurance has gradually expanded, and the business scale has grown rapidly.

Since 2001, the average annual growth rate has been 15%. In 2006, it achieved premium income of 62.6 billion yuan and accumulated pension insurance funds of more than 200 billion yuan.

Up to now, 51 life insurance companies have launched pension insurance business, among which 5 professional companies, including Taiping Pension, Ping An Pension, China Life Pension, Changjiang Pension, and Taikang Pension, have successively opened their businesses, forming a multi-entity network that operates pension insurance simultaneously.

situation.

The insurance industry has developed more than 100 types of pension insurance, including individual pension annuities, group pension annuities and corporate annuities.

The service areas of pension insurance are constantly expanding.

The insurance industry has been actively involved in exploring ways to provide pension insurance for landless farmers. By the end of 2006, pension insurance for landless farmers had been launched in 53 prefectures (cities, districts) in 18 provinces (cities), mainly to provide the government with actuarial and

Asset management services provide pension benefits and related consulting services to insured farmers. The current cumulative business scale is approximately 3 billion yuan, covering nearly 200,000 people.

2. Main content The economic security of the elderly is a global issue. Countries around the world have generally established multi-level pension insurance systems to solve the pension problem.

Since the 1980s, in order to cope with the financial crisis in pension security caused by factors such as population aging, various countries have carried out reforms in the pension security system and constantly adjusted the roles of the government and the market in the security system. The government has focused on strengthening macro-control and actively used

The market mechanism encourages and supports commercial pension insurance to play a greater role in the pension security system.

Our government has limited financial resources and a large population, especially the rural population and vulnerable groups. These national conditions determine that social insurance must have broad coverage and basic guarantees to meet the basic security needs of the people.

Protection above the basic line should be solved through commercial insurance and other means, which is the fundamental way to achieve multi-pillar protection.

Therefore, in the process of building and improving my country's pension security system, commercial pension insurance has huge development potential.

The insurance industry must seize this rare development opportunity, strive to leverage its own advantages, and vigorously develop pension insurance.

Legal Basis Article 5 of the "Administrative Measures for the Pension Insurance Business of Insurance Companies" The term "pension insurance business" as mentioned in these Measures includes individual pension annuity insurance business, group pension annuity insurance business and enterprise annuity management business.

Individual pension annuity insurance business and group pension annuity insurance business are referred to as pension annuity insurance business.