1. Different natures Huatai Life Insurance Co., Ltd. (referred to as "Huatai Life") is a national life insurance company initiated and established by powerful financial and insurance groups and well-known enterprises at home and abroad. Shareholders have invested more than 2 billion yuan.
The company officially opened in 2005 and is headquartered in Beijing.
China Life Insurance (Group) Company is a large state-owned financial and insurance enterprise headquartered in Beijing. It is one of the world's top 500 companies and one of the top 500 Chinese brands. It is a central financial enterprise.
The company's predecessor was the People's Insurance Company of China founded in 1949. In 1996, it was established as China Life Insurance Co., Ltd. and in 1999 it was renamed China Life Insurance Company.
2. Different company compositions China Life is composed of China Life Insurance (Group) Company, as well as its subsidiaries and directly affiliated institutions.
These include: China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property & Casualty Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., etc.
Huatai Life's major shareholder, Huatai Insurance Group Co., Ltd., is one of the nine largest insurance groups in China; its other major shareholder, the American ACE Group, is one of the world's largest property insurance, liability insurance and reinsurance companies.
Forbes magazine named it one of the 130 best-performing companies in the world.
3. Different businesses. Huatai Life sells nearly 90 products. Its business scope covers traditional life insurance, accident insurance, health insurance, participating insurance, universal insurance, investment-linked insurance and other businesses. It has formed a relatively complete product system to provide customers with
Comprehensive and personalized coverage.
As the main business of China Life, life insurance services are undertaken by China Life Insurance Co., Ltd., and its business scope covers all areas of personal insurance such as life insurance, personal accident insurance, health insurance, and annuities.