China Life Insurance Net Worth is$76.5 B
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Company Name: China Life Insurance Company Limited , ????????????
Company Logo: Image:Chinalife.png
Company Type: Public (2628,
Traded As: LFC 601628
Foundation: 2003
Location City: Beijing
Location Country: China
Key People: Chairman: Mr. Yang Chao (entrepreneur)
Area Served: People's Republic of China
Industry: Financial services
Products: Life & Health insurance
Parent: China Life Insurance Group
Homepage: [http://www.chinalife.com.cn www.chinalife.com.cn]
The China Life Insurance Company Limited (short China Life, Chinese: a,-a? 1/2 a??a??a??e?(C); pinyin: ZhA?ngguA? rA(C)nshA?u bC?oxiC?n) is a Beijing-based China-incorporated company that provides life insurance and annuity products.
Key Dates: 1919: American Asiatic Underwriters (later AIG) is founded in Shanghai.
1929: Tai Ping Insurance Company is founded in Shanghai.
1931: China Insurance Company is founded in Shanghai.
1949: The Chinese government takes over all insurance operations on the mainland, establishing People's Insurance Company of China (PICC).
1959: Insurance operations are abolished, except for foreign (marine and aviation) insurance needs, and PICC becomes a department of the central bank.
1979: Following the launch of economic reforms, PICC begins issuing non-life insurance policies.
1980: A joint venture is formed with AIG.
1982: PICC begins offering life insurance policies.
1988: The Chinese government licenses the first competing insurance companies.
1996: PICC is restructured as PICC Group, as a holding company for its life, reinsurance, and property operations.
1999: PICC Group is dissolved and replaced by four state-owned companies, including China Life Insurance.
2003: China Life goes public on the Hong Kong Stock Exchange and the New York Stock Exchange in the world's largest public offering that year.
2004: China Life announces its intention to diversify into asset management, brokerage services, and banking services in the near future.
China Life Insurance Company Limited is the largest life insurer in the People's Republic of China. The company offers individual life insurance, group life, accident insurance, and health insurance policies. China Life commands 45 percent of that market, and holds the number one position in 29 of the country's 31 major marketsa??only Shanghai and Beijing, where the company nonetheless is number two, escape its dominance. Formed from the breakup of former governme

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China Life Insurance Latest News

BRIEF-China Life Insurance's Jan-Nov premium income at 490.3 bln yuan

Dec 12 (Reuters) - China Life Insurance Co Ltd : * SAYS JAN-NOV PREMIUM INCOME AT 490.3 BILLION YUAN ($74.09 billion) Source text in Chinese: bit.ly/2B6MwN0 Further company coverage: ($1 = 6.6174 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Our ...
Posted: December 12, 2017, 1:16 am

Form 6-K CHINA LIFE INSURANCE CO For: Dec 12

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7 ...
Posted: December 12, 2017, 3:13 am

Asia Pacific Insurance Market Rides High on Colossal Rise in Number of High Net Worth Individuals

The report on the Asia Pacific insurance market focuses on the key domestic markets of China, Korea, Southeast Asia ... Key companies in this market include AIA, Great Eastern, Allianz, Thai Life, Manulife, Aviva, Hing Leong, Bao Viet Nhan Tho, Dai ...
Posted: December 14, 2017, 5:00 pm
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