Are people and life insurance family?

PICC and Life Insurance are not the same company, but two independent insurance companies. China People's Insurance Group Co., Ltd., commonly known as PICC, is one of the largest insurance groups in China, providing property insurance, health insurance, life insurance and other insurance products and services. China Life Insurance Co., Ltd., usually referred to as China Life Insurance, is the largest life insurance company in China. It provides life insurance, pension insurance, health insurance and other insurance products and services. Although both companies play an important role in the insurance industry in China, they are independent companies with their own management and operation structures.