How do life insurance companies make money?

Mainly rely on various insurances to make money. (Take life insurance as an example)

1. As the main business of China Life Insurance, life insurance service is undertaken by China Life Insurance Co., Ltd., and its business scope covers all fields of life insurance, such as life insurance, personal accident insurance, health insurance and annuity.

2. Property insurance service is the new main business of China Life Insurance Co., Ltd., which is undertaken by China Life Insurance Co., Ltd., and its business scope mainly includes property loss insurance, liability insurance, statutory liability insurance, credit insurance and guarantee insurance, agricultural insurance and other property insurance businesses.

3. Endowment insurance service is the new main business of China Life Insurance Co., Ltd., which is undertaken by China Life Insurance Co., Ltd., and its business scope mainly includes: enterprise annuity business; Personal annuity business; Reinsurance business of the above business, as well as other businesses approved by the China Insurance Regulatory Commission.

4. Asset management service is a main business of China Life Insurance Co., Ltd., which is undertaken by China Life Insurance Asset Management Co., Ltd., and its business scope includes the management and use of its own funds; Entrusted or entrusted asset management business; Consulting business related to the above business; Other asset management businesses permitted by national laws and regulations.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.