China Life Property Insurance Company and China Life Insurance Co., Ltd. are two different insurance companies in parallel. The former deals in property insurance and the latter in life insurance, both of which belong to China Life Insurance (Group) Company. China Life consists of China Life Insurance (Group) Company, its subsidiaries and directly affiliated institutions.
These include: China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life E-Commerce Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd. and Insurance Vocational College.
Extended data:
China Life Insurance was introduced by the subsidiaries of China Life Insurance (Group) Company, as follows:
1. China Life Insurance Co., Ltd. is the largest professional life insurance company in China and the mainstay of China life insurance industry.
2. China Life Asset Management Co., Ltd. is one of the largest institutional investors in the domestic capital market and an important participant in the money market, playing an important role in the China stock market, fund market and bond market.
3. China Life Property &; Accident insurance) is a national specialized property insurance company jointly funded by China Life Insurance (Group) Co., Ltd. and China Life Insurance Co., Ltd., headquartered in Beijing, with chairman Yang Mingsheng and president Liu Jian, with a registered capital of 8 billion yuan.
4. China Life Pension Insurance Co., Ltd., jointly funded by China Life Insurance (Group) Company, China Life Insurance Co., Ltd. and China Life Asset Management Co., Ltd., is a national professional pension insurance company with the strongest strength, the widest service network and the highest degree of specialization in China.
Headquartered in Beijing, the chairman is Wang Jian and the president is Lin Dairen, with a registered capital of 2.5 billion yuan. It has the qualifications of enterprise annuity fund custodian, account manager and investment manager recognized by Ministry of Human Resources and Social Security.
China Life E-commerce Co., Ltd. was established in Beijing on February 6th, 2003. It is a wholly-owned subsidiary of China Life Insurance (Group) Company, and the first e-commerce company formally established in the domestic insurance industry after the release of the State Council's Opinions on Promoting Information Consumption and Expanding Domestic Demand.
6. Headquartered in Hongkong and Macau, China Life Overseas Limited is an international window for China Life to expand its overseas business. With a history of 25 years, it is the largest state-owned life insurance company in Hong Kong and Macao, and the only professional life insurance company named after "China".
7. China Life Investment Holdings Co., Ltd. was established in early 2007, and it is a professional alternative investment company under China Life Group.
8. Insurance College, formerly known as China Insurance Management Cadre College, was founded in 1986 and is affiliated to China Life Insurance (Group) Company. In 2003, the college was transformed into a higher vocational college, which is the only full-time general higher vocational college specializing in insurance education in China.
Baidu Encyclopedia-China Life Insurance (Group) Company