The saying “When one person is disabled, the whole family is out of balance” highlights an unbearable burden for families. The loss of working ability due to accidents or diseases not only interrupts personal income but can also plunge the entire family into a difficult situation. This is especially true for middle-aged and young people who are the mainstays of their families. Once they become disabled, they face multiple pressures such as unemployment, children’s education, supporting the elderly, and housing, making the family burden even heavier. In recent years, the risk of disability has become a widely concerned issue in society. Market research shows that 80% of the working class are concerned about the risk of sudden disability. However, common health insurance mainly provides one-time coverage for disease diagnosis or medical expenses, leaving a gap in compensation for income loss, making it difficult to address the long-term income decline or interruption faced by the disabled.
China Life’s Response
China Life Insurance Co., Ltd. (hereinafter referred to as “China Life,” stock code: 601628.SH, 2628.HK) has responded to this protection demand by conducting special research and expanding a diversified and multi-level health insurance system. The company has deeply explored refined responses to disability risks and, for the first time, launched the Guoshou Kangning Disability Income Loss Insurance product, providing a disability protection umbrella for the insured and their families. China Life builds a defense line for people’s livelihood with professional insurance products. The disability injury standards of its products cover multiple physical structure and function injuries. Multiple guarantees and long-term continuous cash flow greatly alleviate customers’ urgent needs and worries. Waiver of subsequent premiums after disability demonstrates humanistic care. Flexible insurance options cater to the insurance consumption habits of different customers.
Insurance Application Cases
Case 1: 30-Year-Old Male
A 30-year-old male independently purchased the Guoshou Kangning Disability Income Loss Insurance. The basic insurance amount is 3,000 yuan, with a 10-year payment period and an annual premium of 1,458 yuan. Suppose at the age of 35, the individual encounters misfortune and meets the Level I disability injury standard stipulated in the China Life Kangning Disability Income Loss Insurance Contract. China Life will pay out a total of 8,748 yuan of premiums paid over six years in one lump sum. Starting from that month, 3,000 yuan of disability care insurance benefits will be paid out each month, with a maximum payout period of 120 months, totaling 360,000 yuan in disability care insurance benefits.
Case 2: 40-Year-Old Female
A 40-year-old female purchased the China Life Kangning Disability Income Loss Insurance and the China Life Additional Kangning Endowment Insurance (2025 Edition). The basic insurance amount is 10,000 yuan, with a 20-year payment period. The total annual premium for the two products is 6,930 yuan. Suppose at the age of 60, permanent severe vision impairment is caused by glaucoma and meets the agreed Level II disability injury standard. China Life Insurance will pay out a total of 138,600 yuan of premiums paid in one lump sum and, at the same time, pay out 5,000 yuan of disability care insurance benefits each month, with a maximum payout period of 120 months, totaling 600,000 yuan in disability care insurance benefits.
Industry Innovation and Commitment
The insurance industry is constantly exploring and innovating the product supply of disability income loss insurance, effectively filling the market gap. China Life Kangning Disability Income Loss Insurance fulfills the commitment of “trustworthy after years of understanding” with professional protection.
Financial Strength and Regulatory Compliance
The comprehensive solvency adequacy ratio of China Life Insurance in the fourth quarter of 2024 was 207.76%, and the core solvency adequacy ratio was 153.34%, meeting regulatory requirements. The company’s latest comprehensive risk rating, namely the comprehensive risk rating for the fourth quarter of 2024, is AAA. The relevant data shall be subject to the information publicly disclosed by the company. The content of this article is for reference only. The specific terms shall be subject to the “Benefit Terms of China Life Kangning Disability Income Loss Insurance,” the “Benefit Terms of China Life Additional Kangning Whole Life Insurance (2025 Edition),” and the “Basic Terms of Personal Insurance of China Life Insurance Co., Ltd.”
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