Supply Analysis Of China’s Endowment Insurance

The endowment insurance of public service can be defined as a suited of pub liceservice which is directed by our government or some social organizations, or ienting,and meeting the broad need of the aged. With the coming of the aging populationsociety, such supply system has already been in a crucial phase, which is mainlyfeatured in socialization. The endowment insurance systems of developed countriesplay an exemplary role in us system reformation in the way of social security, welfareconcept, and practical experience. Therefore endowment’s specialized and scalegrowing has become our major directions to strive for. Firstly, based on the analysis ofmultiple supplies of endowment insurance, from which extract the suitable mode forChina’s actual condition. Secondly, through the body analysis of endowment insuranceevolution, we conclude the best endowment type, which is based on household life,taken the community as background, by way of institution supplement. Along with thechanges of marketization society economically, the transformation of modernizationstructure, the higher degree of endowment requirements, It is a must to transform theaged welfare from the" relief modes" to the "general-favored-type". The endowmentinsurance system is supposed to have a diversified prospect transformed from thesimplification way as: Server Mode, service content, service items, and service object.As for the service concept, should be advanced in quality, Standardization andhumanization. By reading and analyzing the essence from the scholars in this field,concluding the system Framework, combining with the aged welfare statistics releasedby the2011Ministry of Civil Affairs of China, The author makes an assessment ofChina’s overall supply level, compares the endowment insurance’s differencesbetween supply and demand, points out the current status, then Identifies theshortcomings in existence. After supply level analysis of China’s endowmentinsurance and the current status, our endowment mode should be government oriented, social organizations established. Coming along with the marketization societyeconomically, the specialized and standardized endowment insurance system cannot bepossible if not introduce the competitive mechanism of corporation to promote currentservice. At last, by analyzing of the practical experience of developed countries,China’s current status and shortcomings externally to inspire China’s endowmentinsurance system; and also make some suggestions to China’s endowment system fromthe view of setting up perfect system of laws and regulations, standard of industrymanagement and management direction etc.