The history of China Life Insurance can be traced back to the life insurance business handled by the former People's Insurance Company of China, which was established on June 20th. 1949. Just 20 days after the founding of New China, with the approval of the Central People's Government, China People's Insurance Company, a unified national insurance institution, was established, with a life insurance department.
1995, the first insurance law of China was born. 1996, according to the requirements of the Insurance Law on the separate operation of property insurance and life insurance, on the basis of inheriting all the life insurance business of the former People's Insurance Company of China, 17 local life insurance company was reorganized and PICC Life Insurance Co., Ltd. was established, which entered the era of specialized operation.
Extended data
Development history
As one of the oldest insurance companies in New China, China Life has always been the explorer, pioneer and leader of the insurance industry in China. The 60-year journey has opened up the road of scientific development with the characteristics of China Life Insurance, and it is also a microcosm of the 60-year development and reform of the insurance industry in New China.
Operation concept
China Life Insurance (Group) Co., Ltd. adheres to the core concept of corporate culture of "being yourself and being an adult" and follows the corporate purpose of "honesty-oriented and steady operation";
Adhere to the enterprise spirit of "innovation, hard work, pragmatism and dedication", take "share weal and woe with customers" as the enterprise values, and strive to build a large-scale modern insurance financial holding group with leading domestic and world-class spirit in order to benefit the public and make more contributions to building a harmonious society.
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China. In 20 13, the total premium income reached 386.8 billion yuan, the market share of domestic life insurance business was 3 1.6%, and the total assets reached 2407 1 billion yuan, making it one of the largest institutional investors in China capital market.
/kloc-In 0/3, it was selected as the Fortune Global 500, ranking 54th. For seven consecutive years, it has been selected as one of the top 500 brands in the world, ranking 237th, and the top 500 Chinese brands in China Brand Value Research Institute, ranking 15.
Following the simultaneous listing in new york and Hong Kong in June 5438+February 2003, its life insurance company returned to the domestic A-share market in June 2007+10, becoming the "first insurance stock" in the mainland capital market and the first insurance company listed in new york, Hong Kong and Shanghai in the world, becoming the largest listed life insurance company in the world.
Baidu Encyclopedia-China Life