What is Corporate Owned Life Insurance?

China Life Insurance (Group) Company (referred to as China Life or China Life Insurance) is a large state-owned financial and insurance company headquartered in Beijing, a Fortune 500 company and a Top 500 Chinese brand. It is a central financial company. ^{[1] The} company's predecessor was the former People's Insurance Company of China, which was established in 1949. It was established as China Insurance Life Insurance Co., Ltd. in 1996, and was renamed China Life Insurance Company in 1999.

China Life Insurance (Group) Company

China Life Insurance (Group) Company has 8 first-level subsidiaries, ^[16]

"Forbes" 90th place in the 2010 "Global 2000 Listed Companies"

United Kingdom"

China Life's corporate culture system is based on the core philosophy of "becoming yourself, being an adult, and being self-disciplined, passionate, in a state, and grasping execution" as the working style.

China Life adheres to the entrepreneurial spirit of "especially able to endure hardship, able to fight, coordinated, dedicated, and disciplined", ^[77]

On November 28, 2007, China Life and Northeast Power Grid Company jointly signed the "Northeast Power Grid-China Life Enterprise Annuity Trusteeship Cooperation Agreement".

On December 6, 2007, China Life Pension Insurance Co., Ltd. won the bid for the Sichuan Annuity Company Enterprise Annuity Fund Trustee.

On January 16, 2008, China Life Pension Insurance Co., Ltd., China Life Asset Management Co., Ltd. and Qinhuangdao Port Affairs Group signed an enterprise annuity business.

In March 2008, China Life Pension Insurance Co., Ltd. successfully won the bid

According to Voice of China,

In August 2016, China Life Insurance (Group) Company ranked 12th among the 2016 Top 500 Chinese Enterprises.

In 2018, the Fortune Global 500 ranked 42nd. ^[113]

On November 30, 2018, it was awarded "2018 TOP Financial List-Best Life Insurance Company of the Year". ^[114]

In December 2018, the World Top 500 Brands compiled by the World Brand Lab was announced and ranked 139th. ^[115]

In July 2019, the Fortune China 500 list was released, and China Life ranked 11th. ^[116]

On September 1, 2019, the 2019 Top 500 Chinese Enterprises were released, and China Life ranked 11th. ^[117]

In 2019, it was ranked fourth in the "2019 Online Word of Mouth List of Listed Companies in China's Insurance Industry" published by iiMedia Ranking. ^[64]

On November 19, 2019, the 2019 Asian Financial Competitiveness Evaluation List was announced, and China Life Insurance Co., Ltd. won the "Best Life Insurance Company of Asia" Award in 2019. ^[118]