The company was founded in 1996 and was renamed as China life Insurance Company in 1999.
The China Life Insurance Group consists of China life insurance Company Limited, China Life Property & Casualty Insurance Company Limited, China Life Asset Management Company limited, China Life Pension Company Limited, e Investment Holding Company Limited, China Life Insurance (Overseas) Company Limited, China Life and Insurance professional college as its subsidiaries.
China Life Insurance came into existence on June 30, 2003 and is headquartered in Beijing. China Life Insurance Company along with its subsidiaries is the largest commercial insurance group in Mainland China. It is also one of the largest institutional investors in China’s Capital market. The CEO of the company is lin Dairen. It employees 130123 people. China Life Insurance Co., Ltd. works in the insurance business. It engages in the health life, accident and insurance businesses; reinsurance; fund investment businesses authorized by laws, regulations or the state council; and agency business, consulting business and provision of services. The company operates in following segments: Group Life Insurance Individual Life Insurance and Short-term Insurance. The Individual Life Insurance segment provides lifetime insurance products to individual clients by offering annuities to individuals. The Group Life Insurance segment provides investment and insurance contracts to group entities by offering annuities products and life insurance to companies and institutions. The Short-term Insurance segment offers short-term health insurance and accident insurance to individuals and groups.
Its business covers, property & casualty insurance, pension plans, life insurance asset management, industrial investment and overseas operations. The company ranks at 37 in the Forbes global 2000 list for 2015.
It is ranked 2nd on the basis of market capitalization of $160.5 B.