1. The company name is different: China Life is full name of China Life Insurance Co., Ltd., referred to as "China Life"; The full name of China PICC is China People's Insurance Group Co., Ltd., referred to as PICC.
2. Date of establishment is different: PICC China is the first insurance company in China, which was established in Beijing on 10/20/0. China Life was founded in 1996, formerly known as PICC Life Insurance Co., Ltd. under PICC Group. 1999, China PICC life insurance co., ltd was renamed as China life insurance company. In 2003, with the consent of the State Council and the approval of China Insurance Regulatory Commission, the former China Life Insurance Company was transformed into China Life Insurance (Group) Company.
3. The company's predecessor is different: China People's Insurance Company's predecessor is China People's Insurance Group Company, and China Life Insurance's predecessor is PICC's life insurance.
4. Different main businesses: China Life Insurance Company mainly engages in life insurance business, while China Life Insurance Company mainly engages in property insurance business, which is the largest non-life insurance company in China. Life insurance covers life and death, serious illness, accidental disability, etc. , but also has a certain saving function; Property insurance protection: such as automobile, family property, enterprise property, etc.
5. Different headquarters address: China People's Insurance Company is headquartered at Floor 1- 13, No.88, West Chang 'an Street, Xicheng District, Beijing; China Life is headquartered at No.0/6, Financial Street, Xicheng District, Beijing.
Is PICC a state-owned enterprise or a private enterprise?
China People's Insurance Company is a central enterprise.
China People's Insurance Group Co., Ltd., founded in 1949, is a comprehensive insurance (financial) company, one of the world's top 500 insurance companies. The main business scope of China PICC includes property insurance, life insurance, health insurance, asset management, insurance brokers and funds. Its subsidiaries include PICC P&C insurance, PICC health insurance, PICC investment insurance, PICC port insurance and PICC economy, which have far-reaching influence at home and abroad.