China Life Property Insurance Co., Ltd. is a national professional property insurance company established by China Life Insurance (Group) Company and its subsidiary China Life Insurance Co., Ltd. with the approval of the State Council and China Insurance Regulatory Commission, with a registered capital of 8 billion yuan.
The business scope includes property loss insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accidental injury insurance, reinsurance business of the above businesses, insurance fund utilization business permitted by national laws and regulations and other businesses approved by the China Insurance Regulatory Commission.
Business scope includes: property loss insurance; Liability insurance; Credit insurance and guarantee insurance; Short-term health insurance and accident insurance; Reinsurance business of the above business; Insurance fund utilization business permitted by national laws and regulations; Other businesses approved by China CIRC.
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In 2003, with the consent of the State Council and the approval of the China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company, with its business scope covering life insurance, property insurance, pension insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and it also participated in many other financial and non-financial institutions such as banks and securities companies through capital operation.
After more than 60 years of innovation and development, China Life has created a well-known brand image at home and abroad, accumulated a profound corporate culture, played an active role in undertaking social and industrial responsibilities, and effectively promoted people's life stability and social harmony.
Baidu Encyclopedia-China Life Property Insurance Co., Ltd.