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

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

20230309 China Life Insurance

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

WU YUJIAN and ZHANG YUKUN, Caixin

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.

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