China People's Insurance Company and China Life Insurance Company are two different companies, the difference lies in the different time of establishment, different business scope, different company scale and influence, and so on.

First, the establishment time is different.

The predecessor of China People's Insurance Group Co., Ltd., China People's Insurance Company, was established on1October 20th, 1949, 1999, 18, and changed its name to China People's Insurance Company.

China Life Insurance (Group) Company, formerly known as China People's Insurance Company, 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.

Second, the business scope is different.

China People's Insurance Group Co., Ltd. covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust, funds and other fields, forming an insurance financial industry cluster.

China Life Insurance (Group) Company covers life insurance, property insurance, endowment insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and has participated in many other financial and non-financial institutions such as banks and securities companies through capital operation.

Third, the size of the company has different influences.

China People's Insurance Group Co., Ltd. is a fortune 500 company and one of the largest insurance companies in the world. It is a central financial enterprise with a registered capital of 30.6 billion yuan.

China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China. 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 10 billion yuan, ranking 54th in the Fortune Global 500 with 13. For seven consecutive years, it has been selected as one of the top 500 brands in the world, ranking 237th, and the top 500 Chinese brands in China Brand Value Research Institute, ranking 15.

Baidu Encyclopedia-China Life Insurance (Group) Company

Baidu Encyclopedia-China People's Insurance Group Co., Ltd.