According to statistics of the Ministry of Civil Affairs, there are nearly 600 000 orphans across China. Compared with ordinary children, orphans, as a vulnerable group in the society, obviously can not afford expensive treatments for critical illnesses.
In July 2009, CCIF launched a program called "Safeguarding Orphans' Health" together with the Ministry of Civil Affairs, to provide insurance protection towards orphans across China against 12 types of critical illnesses. The charity insurance is complementary to the government-led social welfare system, and the lowered donation barrier makes more people willing and able to contribute, as it only takes ~US＄8 to help one needy child.
China Life Insurance Company and PICC Health Insurance Company were selected as insurance carriers by Mingya Insurance Brokers' Co.Ltd., after a number of rounds of bidding. The bidding was commissioned by CCTF and guided by Ministry of Civil Affairs, Ministry of Health and China Insurance Regulatory Commission. Mingya Insurance Brokers' Co.Ltd. developed an exclusive, low cost charity insurance product for CCTF to provide critical illnesses insurance to orphans and impoverished children in China.
CCTF's charity insurance product coveres 12 types of critical illnesses common to children, including malignant tumors (including leukemia); organ and stem cell transplant; acute kidney failure; aplastic anemia; benign brain tumors; acute hepatitis; sequelae of cerebritis or meningitis; infantile paralysis; serious juvenile rheumatoid arthritis; serious Kawasaki disease; Myasthenia Gravis; and insulin-dependent diabetes mellitus.
Every US＄8 donated will provide US＄15,000 of protection towards a needy child for one year against twelve types of critical illnesses.
By 1st March, 2015, CCIF has raised a total of RMB 50 million Yuan (equivalent to $8.2 million), and has distributed more than 1,000,000 units of critical illness insurance to children in 28 provinces, including Beijing, Tianjin, Henan, Qinghai, Sichuan, Liaoning, etc.