China Life Insurance (Group) Company, referred to as China Life, is a central financial enterprise with total assets of 5.25 trillion yuan in 2022. It is a state-owned super-large financial and insurance enterprise company. Headquartered in Beijing, the company is one of the top 500 enterprises in the world and one of the top 500 Chinese brands.
China Life was formerly known as China People's Insurance Company, which was established in 1949. From 1996, the company was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company on 1999. After years of development, China Life Insurance (Group) Company has grown into a leading insurance company in the world.
As a central enterprise, China Life plays an important role. According to the authority of state-owned assets management, state-owned enterprises are divided into central enterprises and local state-owned enterprises, and all central enterprises belong to state-owned enterprises. Therefore, China Life Insurance Company is both a central enterprise and a state-owned enterprise, which bears an important national strategic mission and social responsibility.
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