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According to the survey results of the third "Manulife Asia Care Survey" [1](Manulife Asia Care Survey), nearly two-thirds (63%) of respondents in mainland China believe that the epidemic is expected to end within a year, and three One-in-ten (33%) of mainland respondents believe that the epidemic is expected to end within the next six months
Under the normalization of the epidemic, the public's willingness to save increases , and mental health issues receive attention
In terms of the impact of the epidemic, the public is still most concerned about the impact on the local economy.
On the other hand, the sound financial health of mainland consumers has to some extent offset their concerns
The continued impact of the epidemic on people's physical and mental health, especially mental health, is another focus of this survey
"Since the epidemic, Chinese consumers have become more and more proactive in managing their physical and mental health and improving their financial planning, which is very gratifying
The demand for pensions continues to increase , and highly customized insurance products are more popular
The survey results show that mainland consumers tend to respond to the impact of the epidemic through more active financial planning, and 77% of mainland respondents believe that insurance has become more important since the outbreak
On the other hand, retirement planning is also more important for consumers
In terms of preferred insurance products, the insurance products preferred by mainland consumers in the coming year include critical illness insurance (54%), accident insurance (49%) and pension/savings insurance (49%)
When purchasing insurance, more than half (55%) of mainland respondents indicated that overly complex insurance product terms are the main reason for preventing them from purchasing insurance, and 74% of mainland respondents prefer simple and easy-to-understand insurance products that can be purchased online
Zhang Kai, CEO of Zhonghong Insurance, said: "We found that for Chinese consumers, the price of insurance products is important, but the products themselves also need to be more concise and understandable, and meet customers' own protection needs
