About China Life Insurance

About China Life Insurance

China Life Insurance (Group) Company and its backups (hereinafter alluded to as China Life) constitute the biggest business protection bunch in Mainland China. It is the main state-claimed protection bunch with an advantage surpassing 1 trillion RMB yuan. It is additionally one of the biggest institutional speculators in China's capital business sector.

In 2011 its protection premium salary hit 357.8 billion RMB yuan. Life premium salary represented 34.75% of the Mainland's life piece of the overall industry. Before the end of 2011, its aggregate resource achieved 1.9562 trillion RMB yuan. (Figures gave have not been inspected.)

China Life Insurance (Group) Company, headquartered in Beijing, is a huge state-possessed money related and insurance agency. Its forerunner, PICC was established in 1949 and the PICC (Life) Co., Ltd was set up in 1996 after its division from the previous PICC. In 1999, it was renamed China Life Insurance Company. With the endorsement of the State Council and the China Insurance Regulatory Commission, the previous China Life Insurance Company was rebuilt as China Life Insurance (Group) Company in 2003. It has China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property and Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance Professional College as its backups. Its business covers life coverage, property and setback protection, benefits arranges (corporate annuity), resource administration, modern speculation and abroad operations. Through capital operation, it has put resources into a few banks, security firms and other non-money related organizations.

China Life has been recorded for nine back to back years on the Fortune Global 500 rundown, and its rank pushed ahead radically from 290 in 2003 to 113 in 2011. It has been recorded for the fifth continuous year among the World Brand 500 and positioned at 264th spot in 2011. After the double posting in New York and Hong Kong in December 2003, China Life Insurance Company Limited came back to China An offer business sector in January 2007 and has turned into the primary insurance agency to be recorded in Shanghai Stock Exchange. It is additionally the primary insurance agency triple-recorded in New York, Hong Kong and Shanghai and has turned into the biggest open life coverage organization on the planet as far as business sector capitalization.

China Life takes "solid morals and prevalent administrations" as the center of its corporate society, and entirely consents to the operation idea that is "customers situated, grassroots-centered and esteem focused". By effectively accepting protection and social obligation, it endeavors to end up an industry driving organization with high customer acknowledgment and best corporate quality. It is our objective to incorporate China Life with a world-class budgetary and protection bunch.