202 1, 1, 1 1, China Banking Regulatory Commission issued the Notice on Regulating Short-term Health Insurance Business.
The new regulations stipulate that short-term health insurance of one year or less cannot guarantee renewal. Insurance companies are prohibited from misleading consumers by alienating product design and "doing short-term risks and doing long-term". It is clear that short-term health insurance cannot guarantee renewal, and words that are easily confused with long-term health insurance such as "automatic renewal", "commitment renewal" and "lifetime restriction" cannot be used.
Because medical insurance is a short-term one-year health insurance, there is no guarantee of renewal.