Business Development of New China Life Insurance Inner Mongolia Branch

On April 28th, 2005, with the approval of Inner Mongolia Supervision Bureau of China Insurance Regulatory Commission, Xinhua Life Insurance Inner Mongolia Branch formally established Baotou Central Branch of new china life insurance co Co., Ltd. in the administrative area of Baotou City. With the strong support and cooperation of governments at all levels and relevant regulatory authorities, and under the correct guidance of the head office and branches, Baotou Central Branch made a good start: the marketing scale reached more than 890 people in May, and the premium income in the first month of opening reached 2.74 million yuan, ranking first among the central branches in the whole system, and it entered the ranks of "excellent branches" in the system in the first year of opening.

Based on the successful experience of Baotou Zhongzhi Branch, in April 2006, with the approval of Inner Mongolia Supervision Bureau of China Insurance Regulatory Commission, Erdos Central Branch of Inner Mongolia Branch opened after three months of preparation. In the opening month, it set a new record for the premium platform of Zhongzhi, and realized the standard insurance amount of 4.2 million yuan in that month, which started the first shot of Xinhua Life Insurance in Ordos market. Since then, the development of Ordos Zhongzhi has been singing all the way, and it has become an "excellent branch" within the system less than 8 months after its opening.

At present, the business in Hohhot, Baotou and Ordos is developing rapidly, and the troika is neck and neck. At present, Chifeng Central Branch of Inner Mongolia Branch is under construction with the permission of the Insurance Regulatory Bureau and the head office. In the next step, the organization and construction of the eastern alliance cities in Inner Mongolia will be included in the agenda of the organizational strategy of Inner Mongolia Branch, which has started to organize the layout in the whole region from the "Golden Triangle" area. With the establishment of this institution, Xinhua Life Insurance Inner Mongolia Branch will send Xinhua Life Insurance services and insurance protection to more customers.

Since its opening in July 2004, on the basis of comprehensive cooperation between Xinhua Life Insurance Corporation and the State Post Bureau, the branch has signed an agency insurance cooperation agreement with the Inner Mongolia Autonomous Region Post Bureau. At present, all postal savings outlets in the whole region 12 United City can act as agents for Xinhua Life Insurance, mainly selling "double happiness" dividend products. From Hailaer in the east to Alashan in the west, with the help of dense postal network, Xinhua Life's products are pushed to the whole region, providing diversified financial services for customers in the whole region.