Taikang Insurance Group
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.
- Company typePrivate
- Founded1996
- HeadquartersBeijing, China
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
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.
Taikang Insurance Group firmographics
Firmographics- 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
Taikang Insurance Group industry classification
Industry- 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
Where Taikang Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Beijing
- HQ country
- China
- HQ region
- Asia
Offices2 records
Markets served
Taikang Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Insurance Premiums: Life insurance and property & casualty insurance premiums collected from individual and corporate customers. The core business driving the group's revenue.
- Asset Management Fees: Fees and commissions earned from managing assets for third parties, including pension funds and institutional investments.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 幸福有约 (Happiness Agreement) - integrated insurance + senior living product |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Taikang Insurance Group product offering
Product offeringCore 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
Companies that use Taikang Insurance Group
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Taikang Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Taikang Insurance Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- China CITIC BankcoreTaikang 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
Taikang Insurance Group competitors and assessment
Company assessmentBroad 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
Taikang Insurance Group social profiles
Digital presenceTaikang Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Taikang Insurance Group leadership team
Management profileNumber of profiles
Profiles1 record
Taikang Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries7 records
Taikang Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Taikang Insurance Group M&A and investment
M&A and investmentM&A1 record
Investments30 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Taikang Insurance Group
What does Taikang Insurance Group do?
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).
Is Taikang Insurance Group a public or private company?
Taikang Insurance Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Taikang Insurance Group founded?
Taikang Insurance Group was founded in 1996. It employs 5,001 to 10,000 people.
Where is Taikang Insurance Group based?
Taikang Insurance Group is headquartered in Beijing, China, in the Asia region.
How does Taikang Insurance Group make money?
Three revenue lines are on record. Insurance Premiums are the primary driver. The others are asset Management Fees and senior Living Services.
Who are Taikang Insurance Group's main competitors?
Broad incumbents on record are AXA, Allianz, AIA Group and Manulife Financial. Direct peers are China Taiping Insurance, China Life Insurance, China Pacific Insurance (CPIC), New China Life Insurance and Ping An Insurance Group. Fosun International is listed as an emerging player.
Does Taikang Insurance Group have an API?
No public API is recorded for Taikang Insurance Group.
What industry is Taikang Insurance Group in?
Taikang Insurance Group's product category is Life Insurance & Financial Services. Its primary akta.pro industry code is FSAIABAA, Whole Life Insurance, with a secondary code of FSAIAJAC, Annuity + LTC / Long-Term Care Riders. Its NAICS code is 52411 and its SIC code is 6311.