Leading life insurer in China
China Life was founded in the same year as the People’s Republic of China, and was one of the first insurance companies in China. The company is the trailblazer of China’s life insurance industry. After over 50 years of experience and development, China Life knows China’s life insurance market like no other.
China Life achieved a market share of 45% of the group insurance market in the first half of 2009, having grown from 42% in the same period in 2008. Corporate annuity business is also growing.
China Life Insurance Company Limited was listed on the New York Stock Exchange, the Hong Kong Stock Exchange, and the Shanghai Stock Exchange on December 17 and 18, 2003, and January 9, 2007, respectively.
Financial strength and brand awareness
In 2010, China Life Insurance (Group) was named as one of the “Fortune 500” for the eighth consecutive year. Its rank jumped from 290 in 2003 to 118 in 2010.
The total assets of China Life Insurance (Group) account for nearly half of China’s life insurance industry. On December 31, 2009, its total assets reached RMB 1,226,257 million, with shareholder equity of RMB 211,072 million. The company’s solvency ratio was 303.59%. China Life Insurance Company Limited is the world’s largest life insurance company in terms of market capitalisation.
Comprehensive products and services for customers
China Life offers its group customers a full-range of insurance products, including term insurance, accidental insurance, health insurance and disability insurance, as well as pensions, and supports companies, organisations and government organs in formulating comprehensive benefit plans for their employees.
Covering almost all urban and rural areas of China, the company has the country’s most extensive nationwide distribution network, comprising over 3,000 customer service counters, a customer service hotline, website, 777,000 exclusive agents, 12,700 direct sales representatives, and 14,000 financial advisors.
China Life, together with Swiss Life Network, is committed to the integrity, reliability, and quality of its employee benefit solutions, and to helping its clients concentrate on their core businesses and retain their employee talents.
For more information
please visit www.chinalife.com.cn