Taikang Insurance Group

What Taikang Insurance Group does

Taikang Insurance Group is a privately-held Chinese insurance and financial services conglomerate founded in 1996 by Chen Dongsheng and headquartered in Beijing, with major operational presence in Shanghai. The group operates through three core business pillars: insurance (Taikang Life, Taikang Pension, Taikang Online), asset management (Taikang Asset), and an integrated healthcare/senior living platform (Taikang Home, Taikang Healthcare, Taikang Dental). The company is best known for its "New Life Insurance" (新寿险) model, which links virtual life and health insurance products with physical senior living communities, hospitals, and clinics across 37 cities, 5 regional medical centers, and a national service network spanning 31 provinces and 320+ cities. Its flagship integrated product, the "Happiness Appointment" (幸福有约), has sold over 300,000 cumulative units and combines life insurance with pre-paid access to Taikang Home retirement communities.

Revenue is generated from three streams: insurance premiums (life, annuity, and health, sold via proprietary agents, China CITIC Bank partnerships, and the Taikang Online digital platform); asset management fees from third-party mandates including pension funds; and senior living/healthcare service fees from the Taikang Home network (24+ operating communities, over 22,000 residents) and affiliated medical centers. Cumulative claims paid exceed 220.3 billion RMB, and group AUM is above 4.5 trillion RMB (Taikang Asset alone manages over 4.2 trillion RMB; pension management exceeds 1.1–1.3 trillion RMB; third-party AUM around 2.8 trillion RMB). The company has appeared on the Fortune Global 500 for 8 consecutive years and ranks 50th globally in IPE's Top 500 Asset Managers.

The group's operating model depends on long-duration insurance float invested into real estate and healthcare infrastructure to deliver integrated retirement and medical services. Distribution is multi-channel: proprietary sales force, bancassurance (China CITIC Bank, signed May 2024), and online platforms, with marketing support from the annual "Longevity Era" (长寿时代) forum and earned media coverage in People's Daily and other Chinese outlets. Capital deployment extends beyond operations into Hong Kong IPO cornerstone investments in Insilico Medicine (AI biotech), Manycore Tech, Ribo Life Science, and Creality 3D, plus a 17 billion yuan consortium acquisition of IKEA-operated Livat malls via a pre-REITs vehicle. Founder Chen Dongsheng remains Chairman and CEO, with Liu Tingjun as President/COO and Duan Guosheng as Executive Vice President/CIO and CEO of Taikang Asset.

Name

Taikang Insurance Group

Legal name

Taikang Insurance Group Co., Ltd. (泰康保险集团股份有限公司)

Website

http://www.taikang.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Taikang Insurance Group is a privately-held Chinese insurance and financial conglomerate offering life, annuity, and health insurance, asset management (over 4.5 trillion RMB AUM), and an integrated senior living and healthcare network across 37 cities through its "New Life Insurance" model.

Ownership category

akta.pro rank

Product category

Life Insurance & Financial Services

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Annuity + LTC / Long-Term Care Riders (FSAIAJAC), Group Universal Life (GUL) (FSAIADAC)

Keywords

• Life insurance services
• Asset management services
• Senior living communities
• Pension fund management
• Health insurance products

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Premiums: Life insurance and property & casualty insurance premiums collected from individual and corporate customers. The core business driving the group's revenue.
2. Asset Management Fees: Fees and commissions earned from managing assets for third parties, including pension funds and institutional investments.
3. Senior Living Services: Revenue from retirement community living fees, healthcare services at affiliated hospitals and clinics within the Taikang Home (泰康之家) network.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Taikang Insurance Group is an integrated insurance and financial services conglomerate offering life insurance, pension, asset management, and senior living services. Its pioneering "New Life Insurance" model combines virtual insurance products with physical healthcare and senior living communities. With over 4.5 trillion RMB in assets under management, Taikang operates through three core business pillars: Insurance (保险), Asset Management (资管), and Healthcare/Senior Living (医养).

Product overview

Taikang Insurance Group operates as an integrated financial services and healthcare conglomerate with three core business pillars: Insurance (保险), Asset Management (资管), and Healthcare & Senior Living (医养). The company offers life insurance, pension services, and internet-based insurance through its subsidiaries including Taikang Life, Taikang Pension, and Taikang Online. Its asset management arm manages over 4.5 trillion yuan in assets. The distinctive 'New Life Insurance' model pioneered by Taikang combines virtual insurance products with physical healthcare and senior living services through Taikang Home communities (37 cities, 24+ operating), five regional medical centers, and dental services (Taikang Dental). The flagship 'Happiness Appointment' (幸福有约) product links insurance policies with access to senior living communities, while internet products like 飞常保 and 铁定保 provide accessible digital insurance through WeChat.

Differentiator

Problem solved

Functional benefit

Products and services

• Taikang Life Insurance (泰康人寿) Comprehensive life and health insurance services for individuals and groups, offering coverage, claims, and financial protection products.
• Taikang Pension (泰康养老) Corporate pension and retirement planning services for employees, managing retirement funds and providing annuity products.
• Taikang Online (泰康在线) Internet-based insurance platform providing digital insurance products and services, including WeChat-based offerings for individual consumers.
• Taikang Asset Management (泰康资产) Professional wealth management and asset management services, managing third-party assets and pension funds with assets exceeding 4.2 trillion yuan.
• Taikang Home (泰康之家) Premium senior living communities offering comprehensive retirement care, healthcare, and wellness services across 37 cities with over 24 operating communities and 22,000+ residents.
• Taikang Healthcare (泰康医疗) Medical services network including hospitals and medical centers, forming a five-region medical center layout covering eastern, western, southern, northern, and central China.
• Taikang Dental (泰康口腔) Dental healthcare services integrated with Taikang's insurance and senior living ecosystem.
• Happiness Appointment (幸福有约) Integrated insurance product combining virtual insurance with real healthcare and senior living services, enabling policyholders to access Taikang Home communities upon retirement. Over 300,000 units sold cumulatively.
• Fei Chang Bao (飞常保) Free one-year aviation accident insurance product accessible via WeChat and Weibo, offering 1 million yuan coverage per policy.
• Tie Ding Bao (铁定保) Free one-year high-speed rail accident insurance product, providing 500,000 yuan coverage for policyholders.
• Le Ye Bao (乐业保) Monthly insurance product for small merchants and employees on e-commerce platforms like Alibaba, offering 100,000 yuan cancer and death coverage for 10 yuan per month.

Quantifiable outcome

• 30万件累计销售 of '幸福有约' products
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• China CITIC BankcoreStrategic or Co-development Partner · 24 May 2024Taikang Insurance Group signed a strategic cooperation agreement with China CITIC Bank to develop comprehensive financial services, including bancassurance distribution, asset management, and wealth management solutions.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• AXA: Global insurance leader with life, health, and asset management products plus emerging longevity-care initiatives. Comparable business model to Taikang's integrated insurance and healthcare strategy.
• Allianz: Global insurance and asset management giant with integrated life insurance, asset management (PIMCO), and elderly-care services. Comparable to Taikang's 'New Life Insurance' integration model at global scale.
• AIA Group: Pan-Asian life insurance leader and broader incumbent in life and health insurance across Asia. Comparable to Taikang in life insurance product innovation and high-net-worth customer targeting, though with a more geographically diversified footprint.
• Manulife Financial: Global insurance and wealth manager with strong Asia operations, particularly in Hong Kong and Japan. Comparable to Taikang in life insurance, group benefits, and pension fund management focus.

Direct peers

• China Taiping Insurance: Central state-owned insurance conglomerate offering life, P&C, and pension products. Competes directly with Taikang in the integrated insurance and senior care space and pursues a similar multi-pillar strategy.
• China Life Insurance: China's largest state-affiliated life insurer and a direct peer in life insurance, annuities, and pension fund management. Both companies target similar retail and group insurance customers across China.
• China Pacific Insurance (CPIC): Top-tier Chinese insurance group offering life, P&C, and asset management products. Comparable to Taikang in product breadth, distribution channels, and policy of expanding into health-adjacent services.
• New China Life Insurance: Major Chinese life insurer with comparable distribution channels and target customer base. Competes with Taikang in group and individual life insurance and pension products.
• Ping An Insurance Group: Largest Chinese insurance conglomerate and Taikang's closest direct competitor, offering life, P&C, and health insurance plus asset management. Both compete for high-net-worth customers, bancassurance distribution, and integration of financial services.

Emerging players

• Fosun International: Diversified Chinese conglomerate with insurance (Yong'an, Pramerica Fosun), asset management, and healthcare operations. Comparable to Taikang in cross-sector integration and global investment activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments30 records

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Frequently asked questions about Taikang Insurance Group