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BEIJING, Dec. 30-- China will actively promote the development of commercial insurance in social services to provide stronger support for the aging population and cater to public demands for other types of insurances, the State Council's executive meeting chaired by Premier Li Keqiang decided on Monday. It was pointed out at the Monday meeting that China has stepped into an aging society and the number of people above the age of 60 has reached 250 million. It is important to provide insurance products that specifically cater to their demands and at the same time improve the insurance supply for other groups. "We must fully recognize the importance of commercial insurance in the social services sector. The number of people above the age of 60 is taking up an increasing proportion in the entire population in China, while the number of children under six has exceeded 100 million," Li said. "The current supply of commercial insurance can hardly meet the needs in the changing democraphics. Yet commercial insurance is an effective means for senior citizens to maintain and raise their quality of life." It was agreed at the Monday meeting that commercial endowment insurance will be developed at a faster pace and the overall pension insurance structure will be refined. Support will be given to developing, by drawing upon international experience, diversified pension annuity insurance products and medical insurance and accidental injury insurance that are tailored for the needs of those over 60 years of age. The development of long-term nursing care insurance will be stepped up. | 
