Education and Insurance

       
          China Life Insurance (Group) Company and its subsidiaries (hereinafter noted as China Life) constitute the biggest industrial insurance cluster in Red China. It is the sole state-owned insurance group with associate plus prodigious one trillion RMB yuan. It is also one in every of the biggest institutional investors in China's capital market.

In 2011 its insurance premium income hit 357.8 billion RMB yuan. Life premium income accounted for thirty four.75% of the Mainland's life market share. By the end of 2011, its total asset reached one.9562 trillion RMB yuan. (Figures provided have not been audited.)

China Life Insurance (Group) Company, headquartered in Beijing, is a large state-owned money and insurance underwriter. Its predecessor, PICC was founded in 1949 and the PICC (Life) Co., Ltd was set up in 1996 after its separation from the previous PICC. In 1999, it was renamed China insurance Company. With the approval of the State Council and the China Insurance Regulatory Commission, the former China insurance Company was restructured as China insurance (Group) Company in 2003. It has China insurance Company Limited, China Life Asset Management Company restricted, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance skilled faculty as its subsidiaries. Its business covers life insurance, property & casualty insurance, pension plans (corporate annuity), asset management, industrial investment and overseas operations. Through capital operation, it has invested in many banks, security firms and alternative non-financial establishments.

China Life has been listed for nine consecutive years on the Fortune international five hundred list, and its rank moved forward drastically from 290 in 2003 to 113 in 2011. It has been listed for the fifth consecutive year among the planet Brand five hundred and graded at 264th place in 2011. After the dual-listing in New royalty and metropolis in Gregorian calendar month 2003, China Life Insurance Company Limited came back to China A share market in Gregorian calendar month 2007 and has become the primary insurance underwriter to be listed in Shanghai exchange. It is also the primary insurance underwriter triple-listed in NY, Hong Kong and Shanghai and has become the biggest public insurance company within the world in terms of capitalization.

China Life takes "strong ethics and superior services" as the core of its corporate culture, and strictly complies with the operation concept that is "clients-oriented, grassroots-focused and value-centered". By actively assuming insurance and social responsibility, it strives to become an trade leading company with high consumer recognition and best company worth. It is our goal to make China Life into a world-class money and insurance cluster.