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An earthquake can destroy tens of thousands of families, but does not make any insurance company go bankrupt. It is not appropriate that such an embarrassment after an earthquake is attributed to the insurance companies in themselves, because it is not the problem of any insurance company. This only suggests that the catastrophic health insurance system in China is not well improved at present. Today, the financial insurance system gets a swift growing in China, but a huge natural catastrophe can easily expose the quite limited capabilities of the existing financial insurance system on the effective coping mechanism. The effective catastrophic health insurance should be a very good compensation method with timeliness, human nature and strong economic relieving nature. When a giant insurance company can undertake the social responsibility of charitably relieving the people in disaster, the social function which can be undertaken by the whole insurance industry should never be ignored. Therefore, it is highly necessary to establish an effective catastrophic health insurance system in China. It is expected that such an effective catastrophic health insurance system can exert a greater social role in the life of people after a large natural catastrophe.

