China Life Insurance (Group) Company and its auxiliaries (hereinafter alluded to as China Life) constitute the biggest business protection bunch in Mainland China. It is the main state-possessed protection bunch with a benefit surpassing 1 trillion RMB yuan. It is additionally one of the biggest institutional financial specialists in China's capital business sector.
In 2011 its protection premium wage hit 357.8 billion RMB yuan. Life premium salary represented 34.75% of the Mainland's life piece of the pie. Before the end of 2011, its aggregate resource achieved 1.9562 trillion RMB yuan. (Figures gave have not been inspected.)
China Life Insurance (Group) Company, headquartered in Beijing, is a vast state-claimed money related and insurance agency. Its forerunner, PICC was established in 1949 and the PICC (Life) Co., Ltd was set up in 1996 after its partition from the previous PICC. In 1999, it was renamed China Life Insurance Company. With the endorsement of the State Council and the China Insurance Regulatory Commission, the previous China Life Insurance Company was rebuilt as China Life Insurance (Group) Company in 2003. It has China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property and Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance Professional College as its backups. Its business covers life coverage, property and loss protection, benefits arranges (corporate annuity), resource administration, mechanical speculation and abroad operations. Through capital operation, it has put resources into a few banks, security firms and other non-budgetary establishments.
China Life has been recorded for nine sequential years on the Fortune Global 500 rundown, and its rank pushed ahead definitely from 290 in 2003 to 113 in 2011. It has been recorded for the fifth sequential year among the World Brand 500 and positioned at 264th spot in 2011. After the double posting in New York and Hong Kong in December 2003, China Life Insurance Company Limited came back to China An offer business sector in January 2007 and has turned into the main insurance agency to be recorded in Shanghai Stock Exchange. It is likewise the main insurance agency triple-recorded in New York, Hong Kong and Shanghai and has turned into the biggest open disaster protection organization on the planet regarding market capitalization.
China Life takes "solid morals and prevalent administrations" as the center of its corporate society, and entirely conforms to the operation idea that is "customers situated, grassroots-centered and esteem focused". By effectively accepting protection and social obligation, it endeavors to wind up an industry driving organization with high customer acknowledgment and best corporate worth. It is our objective to incorporate China Life with a world-class budgetary and protection bunch.
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