Swiss Fengtai life insurance company

Taikang life insurance company is not directly established by the state. Taikang Life Insurance Company has 20 shareholders, among which Chinese shareholders include China Foreign Trade and Transportation (Group) Corporation, China Guardian International Auction Co., Ltd., China Communications Construction Co., Ltd., CITIC East China (Group) Co., Ltd. and other large and medium-sized domestic enterprises. Foreign shareholders include Swiss Fengtai Life Insurance Company, New Deal TEDA Investment Co., Ltd., Japan Softbank Group and other internationally renowned financial enterprises.

According to the provisions of the Insurance Law, life insurance companies are not allowed to close down, as follows:

Article 89 An insurance company needs to be dissolved due to division or merger, or the shareholders' meeting or the shareholders' general meeting decides to dissolve, or the reasons for dissolution stipulated in the articles of association arise, and it shall be dissolved after being approved by the the State Council Insurance Regulatory Authority.

An insurance company engaged in life insurance business shall not be dissolved except for division, merger or cancellation according to law.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.