In China, both life insurance companies and property insurance companies can operate health insurance business; Among them, property insurance companies can only operate short-term (generally within one year) health insurance business.
According to the relevant provisions of China's Insurance Law, the business scope of an insurance company is approved by the insurance supervision and administration institution according to law, and the insurance company can only engage in insurance business activities within the approved business scope. Usually, business units may not concurrently engage in property insurance business and life insurance business; However, insurance companies engaged in property insurance business may engage in short-term health insurance business and accidental injury insurance business with the approval of insurance supervision and administration institutions.