China People's Life Insurance Company and China Life Insurance Company are two different insurance companies. The product protection contents of the two companies are also different. When choosing insurance, you should focus on the protection content rather than the insurance company.

But for the comparison of these two insurance companies, we can learn from this list "The Top Ten Rankings of China's Insurance Companies in 2020. Have you heard about it?" 》

1. Basic information of the two companies

The full name of PICC is People’s Insurance Company of China (Group) Co., Ltd.:

Founded on October 20, 1949 Japan, is the pioneer and founder of China’s insurance industry.

After more than 70 years of development, PICC has become a comprehensive insurance and financial group, with its business scope covering personal insurance, real estate investment and alternative investment, property insurance, reinsurance, financial technology and asset management.

Life’s full name is China Life Insurance (Group) Company:

It is a large national financial and insurance enterprise. Currently, the companies and institutions under China Life 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., China Life E-Commerce Co., Ltd., etc.

2. The difference between the two companies

(1) The companies are different

Life refers to China Life Insurance (Group) Company, while PICC refers to It is the People's Insurance Company of China (Group) Co., Ltd. So they are two different companies.

(2) The main business fields are different

The life business scope covers life insurance, property insurance, corporate and occupational annuities, overseas business, industrial investment, wealth management and other fields. Mainly engaged in life insurance.

The business scope of PICC covers property insurance, life insurance, reinsurance, financial technology, real estate investment and alternative investments, asset management and other fields. PICC's main business is property insurance.