Insurance Information: China Life Insurance

China Life Insurance

About

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

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

China Life Insurance (Group) Company, headquartered in Beijing, is a huge state-claimed monetary and insurance agency. Its forerunner, PICC was established in 1949 and the PICC (Life) Co., Ltd was situated up in 1996 after its partition from the previous PICC. In 1999, it was renamed China Life Insurance Company. With the regard 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 & 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 auxiliaries. Its business covers additional security, property & loss safety, benefits plans (corporate annuity), resource administration, mechanical speculation and abroad operations. Through capital operation, it has put resources into a few banks, security firms and other non-money related establishments.

China Life has been recorded for nine sequential years on the Fortune Global 500 rundown, and its rank pushed ahead definitely from 290 in 2003 to 113 in 2011. It has been recorded for the fifth successive year among the World Brand 500 and positioned at 264th place 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 market in January 2007 and has turned into the first insurance agency to be recorded in Shanghai Stock Exchange. It is likewise the first insurance agency triple-recorded in New York, Hong Kong and Shanghai and has turned into the biggest open extra security organization on the planet as far as business sector promotion.

China Life takes "solid morals and unrivaled administrations" as the center of its corporate society, and entirely agrees to the operation idea that is "customers situated, grassroots-centered and quality focused". By efficiently expecting protection and social obligation, it endeavors to turn into an industry driving organization with high customer distinguishment and best corporate quality. It is our objective to incorporate China Life with a world-class monetary and protection bunch.

Member of the Executive Board

Yang Mingshen

Chairman