Insurance Enables Home-based Care and Improves the Pension Security System

This paper explores the pivotal role and practical approaches of insurance in empowering home-based elderly care and enhancing the pension security system. By analyzing current challenges such as funding shortages and service gaps in home-based elderly care, it highlights the unique advantages of insurance in risk diversification, capital mobilization, and service integration. The study also identifies existing issues in insurance-enabled home-based elderly care, including product homogeneity and insufficient coordination. Countermeasures are proposed from perspectives of product innovation, policy support, and service collaboration, aiming to promote deeper integration between insurance and home-based elderly care, establish a more robust pension security system, and meet the diverse needs of the elderly.