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Where China's insurers see booming business, regulators smell risk

'Insurance plus service' sector rises as nation ages, but rules may curb growth

At least 27 insurance companies including China Life Insurance have launched "insurance plus service" products.   © Reuters

At first glance, Yan Garden looks just like another high-end residential compound on the outskirts of Beijing -- a few apartment buildings scattered among lush greenery and enclosed in a walled perimeter with gates that are guarded 24 hours a day.

But a closer look reveals this is no ordinary compound. It's built specifically to cater to seniors above the age of 55 who pay more than 10,000 yuan ($1,444) a month for a room, use of the facilities -- including a rehabilitation hospital -- as well as services and activities such as playing pool, taking yoga classes, and learning to swim with a retired professional swimmer.

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