About Kaopu Group

Kaopu Group, Inc. provides pre-need and at need funeral services and sells funeral related products in Taiwan. The company provides consulting services to customer prior to the purchase. It sells life, property and casualty insurance products underwritten by insurance companies, as well as insurance brokerage services. Management Consulting Services The company’s services would be sold to independent death care service providers through in person contact, telephone calls, and through the Internet. Pre-need and At Need Funeral Services The company, mainly through Long Bao Life Technology Co., Ltd. (Long Bao Life), provides pre-need and at need funeral services. Funeral Related Products The company’s subsidiary, Long Bao Life, sells funeral related products, such as urns, in Taiwan. Life, Property and Casualty Insurance Products The company’s subsidiary, Ho-Cheng Insurance Brokers Co., Ltd. (Ho-Cheng Insurance), is cooperating with many insurance companies operating in Taiwan to distribute various insurance products to customers. Ho-Cheng Insurance sells its customers two categories of insurance products: life insurance products and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Ho-Cheng Insurance sells are underwritten by some of the insurance companies in Taiwan. Life Insurance Products The life insurance products the company distributes could be classified into the categories. Individual Whole Life Insurance: The individual whole life insurance products the company distributes provide insurance for the insured person’s entire life in exchange for the periodic payment of fixed premiums over a pre-determined period, ranging from six to 20 years, or until the insured reaches a certain age. The face amount of the policy or, for some policies, the face amount plus accumulated interest is paid upon the death of the insured. Individual Term Life Insurance: The individual term life insurance products the company distributes provide insurance for the insured for a specified time period or until the attainment of a certain age, in return for the periodic payment of fixed premiums over a pre-determined period, ranging from six to 20 years. Term life insurance policies expire without value if the insured survives the coverage period. Individual Health Insurance: The individual health insurance products the company distributes pay the insured amount of reasonable hospitalization cost, or certain death benefit in case of the death of the insured, due to sickness, accident or childbirth. Individual health insurance policies expire when the premium is not paid or a certain age is attained. Accidental Injury Insurance: Accidental Injury Insurance is the kind of life insurance that insurance benefit is given when the insured is dead or disabled because of accidental injury, which is unforeseen by the injured or against will. Accidental Injury Insurance policies expire when the premium is not paid or a certain age is attained. Investment-oriented Insurance: Investment-oriented insurance products are the market linked insurance plan, which also provide life coverage. The premium amount (after deduction of certain charges) is invested into different funds. Foreign Currency Policy Commodity: It is a life insurance policy in which a policy benefit shall all be paid in foreign currencies. The foreign currency policy provides insurance for the insured person’s life in exchange for the periodic payment of fixed premiums over a pre-determined period, ranging from six to 20 years, or until the insured reaches a certain age. The face amount of the policy or, for some policies, the face amount plus accumulated interest, is paid upon the death of the insured. Travel Accident Insurance: It is a kind of casualty insurance. The travel accident insurance provides monetary compensation in case the insured dies or loses a limb in an accident while user is traveling. The premium is based on the days of traveling and the insured amount. Property and Casualty Insurance Products The company’s main property and casualty insurance products are automobile insurance, casualty insurance and liability insurance. The property and casualty insurance products the company distributes could be further classified into the following categories: Automobile Insurance: The company distributes both standard automobile insurance policies and supplemental policies, which it refers to as riders. The standard automobile insurance policies the company sells has a term of one year and cover damages caused to the insured vehicle by collision and other traffic accidents, falling or flying objects, fire, explosion and natural disasters. The company also sells standard third party liability insurance policies, which cover bodily injury and property damage caused by an accident involving an insured vehicle to a person not in the insured vehicle. Casualty Insurance: Casualty insurance is made to insure any loss or damage to property. This is designed to cover loss that is caused by direct accident. Liability Insurance: When the insured is legally obligated to indemnify a third party and subject to a claim in connection therewith, the liability insurer is liable to provide such indemnification on behalf of the insured. The policy period is usually one year. The premium is based on the insured amount. Commercial Property Insurance: The commercial property insurance products the company distributes include basic, comprehensive and all risk policies. Basic commercial property insurance policies cover damage to the insured property caused by fire, explosion and thunder and lightning. Commercial property insurance policies cover damage to the insured property caused by fire, explosion and certain natural disasters. Strategy The company strategy is to provide consulting services to some companies in the death care industry to improve their operation performance. It also intends to expand its customer base both in the death care industry and insurance industry. The company’s strategy is to plan to sell new funeral related products. The company intends to promote the death care services and insurance products in mainland China. Regulation The company needs to comply with Regulations on Funeral and Interment Control of the People's Republic of China and Public Health and Municipal Service Ordinance of Hong Kong. It shall also comply with Funeral and Interment Laws of Taiwan. History The company was founded in 2013. It was incorporated in the state of Delaware in 2013. The company was formerly known as Longbau Group, Inc. and changed its name to Kaopu Group, Inc. in 2018.