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China Life Insurance is a large national financial and insurance enterprise. Currently, the group has multiple companies and institutions including China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Co., Ltd., and China Life E-commerce Co., Ltd. In 2016, China Life Insurance joined CGB, opening a new pattern of coordinated development among the three major sectors of insurance, investment, and banking.
Founded on December 30, 2006, China Life Property&Casualty Insurance is a core member of China Life Insurance (Group) Company with a registered capital of 18.8 billion yuan. Its business scope includes property loss insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accident insurance. Reinsurance business of the above businesses, insurance fund application business permitted by national laws and regulations, and other businesses approved by the CBRC.