Forecast: Premium of Health Insurance of Life Insurance Companies in China

The health insurance premiums of life insurance companies in China have seen a substantial growth from 2013 to 2023, rising from 1.01 hundred billion yuans Renminbi to 8.11 hundred billion yuans Renminbi. The year-on-year variation peaked in 2016 at 71.37%, while the average annual growth rate (CAGR) has shown a general decline, standing at 10.73% for the past five years.

Between 2022 and 2023, the premiums increased by 6.75%, indicating a steady yet moderated growth compared to earlier years. The forecasted data suggests continued growth, reaching 10.46 hundred billion yuans Renminbi by 2028, with a projected annual growth rate of 3.97% over the next five years.

Future trends to watch for:

• Continued moderation in growth rates as the market matures.
• Potential impact of regulatory changes and economic fluctuations on premiums.
• Increased adoption of digital health tools influencing premium structures and customer demand.