China Life Insurance (Group) Co., Ltd. is a state-owned super-large financial insurance enterprise, headquartered in Beijing, one of the top 500 enterprises in the world and one of the top 500 Chinese brands, belonging to the central financial enterprise.
The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999. In 2003, with the consent of the State Council and the approval of the China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company, with its business scope covering life insurance, property insurance, pension insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and it also participated in many other financial and non-financial institutions such as banks and securities companies through capital operation.
As the largest commercial insurance group in China, China Life Insurance (Group) Company is one of several domestic insurance groups with assets exceeding one trillion yuan, and also one of the largest institutional investors in China capital market.
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 1 100 million yuan.
China Life Insurance (Group) Company is a large state-owned financial insurance enterprise, headquartered in Beijing. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999.
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