Are China Life Insurance and China People's Life Insurance the same company?

1996, the People's Bank of China (there was no CIRC at that time, and the financial industry was under the unified management of the central bank) required that property insurance and life insurance be operated separately, so the People's Insurance Company of China was divided into two companies, namely, property insurance and life insurance, in which the life insurance company was referred to as China Life Insurance Co., Ltd. or China Life Insurance.

In 2002, China People's Insurance Company was split for the second time and divided into three companies under PICC Group, namely:

Property insurance: China People's Property Insurance Company Limited (PICC P&C for short);

Operating short-term life insurance: China People's Health Insurance Co., Ltd., referred to as PICC Health;

Life insurance: China People's Life Insurance Company Limited.

So you are talking about two companies, one is "China Life" and the other is "China People's Insurance Company". Their predecessor was China People's Insurance Company, which was established in 195 1. They are all established state-owned enterprises with relatively strong strength.