China Life Insurance Company is a central enterprise at the deputy ministry level and a state-owned enterprise.
China Life's main business includes individual life insurance, group life insurance, accident insurance, health insurance and other insurance products and services.
China Life Insurance Company is the mainstay of my country's insurance industry and ranks high among many insurance companies.
China Life has developed so far and was listed on the Shanghai Stock Exchange in 2007.
It is a very large state-owned financial and insurance company; its headquarters is located in Beijing. It is one of the world's top 500 companies and one of the top 500 Chinese brands.
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.
In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the original China Life Insurance Company was restructured and changed into China Life Insurance (Group) Company.
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial and insurance group in my country and are also important institutional investors in my country's capital market.
The business scope comprehensively covers life insurance, property and casualty insurance, corporate and occupational annuities, banking, funds, asset management, wealth management, industrial investment, overseas business and other fields.
China Life Group's consolidated operating income will exceed 1 trillion yuan in 2021, its total consolidated assets will exceed 5.7 trillion yuan, and its consolidated third-party assets under management will exceed 2 trillion yuan.
In 2021, China Life Group ranked 99th in the World Brand Laboratory's "Top 500 World Brands" list, with a brand value of 436.672 billion yuan, ranking first in China's financial and insurance industry.
In 2021, China Life Group ranked 32nd among the Fortune Global 500 and 5th among the "China's 500 Most Valuable Brands" by World Brand Laboratory.
China Life Insurance (Group) Company has eight first-level subsidiaries, including China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property & Casualty Insurance Co., Ltd., and China Life Pension Insurance Co., Ltd.
, China Life E-Commerce Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd., China Life Health Industry Investment Co., Ltd., as well as a national joint-stock bank Guangfa Bank and an affiliated college Insurance Vocational College
.