China Life's retirement community is Guoshou Jiayuan. Insurance customers can purchase "Golden Life Annuity Insurance (Dividend-paying)", and when the premium reaches a certain amount, they can get the qualification of staying in China Life Jiayuan. "Guo Shou Jia Yuan" is an old-age community invested by China Life Insurance Company, which can provide eligible insurance customers with the right to stay in the old-age community for housing, medical care, nursing and other old-age services. At present, China Life Jiayuan has opened and operated pension communities in Suzhou, Tianjin, Sanya and Shenzhen.
Endowment originated in the late primitive society and was inherited by Xia and Shang Dynasties, but it was not until the Western Zhou Dynasty that this system was perfected. "Book of Rites": "When providing for the aged, people who are in danger give Yan, others give it, and Yin people give it." In the early years of the Western Han Dynasty, as soon as the country was restored to stability, the emperor promulgated the imperial edict of providing for the aged. Anyone over 80 years old can enjoy the treatment of "keeping old, giving a few sticks and eating porridge". Perhaps due to the influence of the Han Dynasty, the treatment of the elderly in different dynasties and generations in later generations has been reflected in different degrees, gradually forming the traditional virtue of respecting the elderly in the Chinese nation.
Providing for the aged is an ancient ritual system, in which people who are old and talented are selected, food and wine are provided on time, and they are treated with courtesy.
The second meaning is home-based care for the elderly, which is what most of the current pension policies mean.
The third layer means to support people who are too old to support themselves.