What Are the Pros and Cons of Cashing Out Life Insurance?

The People's Insurance Company of China (hereinafter referred to as "China Life Insurance") is a national life insurance company initiated and established by the People's Insurance Company of China ("China Life Insurance") with the consent of the State Council and the approval of the China Insurance Regulatory Commission. The company is headquartered in Beijing with a registered capital of over 20 billion yuan. Mainly engaged in life insurance, health insurance, accident insurance, personal reinsurance and investment business. PICC Life took full advantage of PICC's outstanding advantages in terms of brand, network, customer resources, industry experience, etc., and promoted the formation and continuous improvement of the core competitiveness of the enterprise through the group's integrated operation platform and the use of advanced international management and technology.

China People's Life Insurance Co., Ltd.

China People's Life Insurance Company Limited ("China Life Insurance") was approved by the State Council,

2011 China People's Life Insurance Co., Ltd. 2011

On the morning of December 20, 2011, the company held the 2011 Party Member Leading Cadres Democratic Life Meeting. Zhuang Chaoying, member of the party committee and vice president of the group company, Li Yongmei, general manager of the supervision and audit department, Wang Ziran, assistant to the party committee organization department, and other members of the company's party committee participated in the meeting. The person in charge attended the meeting.

From November 27th to 29th, 2011, the company's party committee member, vice president, company party committee secretary, president Li Liangwen, company vice president Song Fuxing, Fu Anping, Lan Yadong, Yun Zhen, Wang Huixuan, Secretary of the Discipline Inspection Commission Duan Zonghua, Assistant President Zhang Zhiting, Zhou Liping participated in the China People's Insurance Group's business situation analysis meeting and advanced seminar on social management.

From November 24th to 26th, 2011, the company's 2011 business situation analysis meeting was held in Beijing. Comrade Wu Yan, Secretary of the Party Committee, President and Chairman of the Corporation, Comrade Zhuang Chaoying, Member of the Party Committee, Vice President of the Corporation, and Chairman of the Company's Supervisory Committee, came to guide. President Li Liangwen gave a report entitled "Strengthening Confidence and Meeting Difficulties and Striving to Enhance the Overall Value of the People's Insurance of China". Vice President Song Fuxing made arrangements for internal control compliance, disciplinary inspection and supervision, internal auditing, excellence and service management , Vice President Lan Yadong, Vice President Yun Zhen, and Vice President Wang Huixuan respectively preached on rural power network construction, personal insurance and new channel work priorities, interactive channel work priorities, banking and insurance channel work priorities, and 2012 market planning plan. Zhou Liping Assistant to the President for financial analysis and 2012 business goals, performance evaluation, and financial policy announcement. The principals of some branches reported and exchanged on the work measures in the second two months of this year and the work ideas for next year. During the meeting, the company leaders also talked with the principals of their respective contact points and branches to communicate their work receipts for this year and business development goals for next year. The heads of the head offices of various departments and members of the provincial branches attended the meeting.

On November 11, 2011, Li Liangwen, a member of the party committee, vice president, secretary of the company's party committee, and president of the group company, participated in a survey conducted by Chairman Xiang Junbo of the China Insurance Regulatory Commission to PICC Group.

On November 8, 2011, the company held a business development forum for some provincial and municipal branches to study how to accelerate business development. President Li Liangwen, Song Fuxing, Songgang Yisheng, Lan Yadong, Yun Zhen, Vice President Wang Huixuan, Secretary of the Duan Zonghua Discipline Inspection Commission, Zhang Zhiting, Assistant to President Zhou Liping, principals of some provincial and municipal branches, and heads of relevant departments attended the meeting.

On October 19, 2011, commissioned by Chairman Wu Yan, Li Liangwen, vice president and president of the company, attended the 2nd Western China Finance Forum in Chengdu.

On October 12, 2011, Li Liangwen, a member of the party committee, vice president, secretary of the party committee and president of the company, attended the signing ceremony of the strategic cooperation framework agreement between the Beijing Municipal People's Government and the People's Insurance Group of China.

On September 22, 2011, President Li Liangwen attended the "Insurance Reputation and Sustainable Development Seminar" co-sponsored by the China Insurance Regulatory Commission, the Hebei Regulatory Bureau, the China Insurance Association, and China Insurance Newspaper Co., Ltd. "Leading" to build a reputation in the insurance industry.

From September 16th to 17th, 2011, the company convened some provincial branches in Zhengzhou to participate in a special forum on accelerating the development of bancassurance business. President Li Liangwen made an important speech, and Vice President Wang Huixuan analyzed the current status of bancassurance business development. Henan, Jiangsu, Zhejiang and other branches shared experiences on strengthening channel expansion, strengthening basic management, and accelerating team and network construction. Participating branches also held discussions and exchanges on accelerating the development of bancassurance business and put forward specific development goals.

On August 18, 2011, the company held a conference call on system-wide business development. Chairman Wu Yan attended the meeting and gave important instructions. President Li Liangwen made arrangements for matters related to accelerating business development. Henan, Hebei, Shandong, Yunnan, Gansu, Shenzhen, Liaoning and other provincial branches carried out the implementation of the spirit of the company's half-year working meeting. Reported. The meeting was chaired by Vice President Song Fuxing, Fu Anping, Song Gangyisheng, Lan Yadong, Yun Zhen, Wang Huixuan, Vice President Duan Zonghua, Secretary of the Commission for Discipline Inspection, Zhang Zhiting, and Zhou Liping, assistants from the headquarters. All employees at the headquarters participated in the meeting at the main venue. All employees and all employees of the three levels of the organization attended the conference at the branch venue.

From July 30 to 31, 2011, the company's 2011 half-year working conference was held in Beijing. Chairman of the Board, President, Party Secretary, Chairman of the Company Wu Yan, Group Company Member, Vice President, and Chairman of the Board of Supervisors Zhuang Chaoying attended the meeting to give guidance and make important instructions. The company's Party Secretary and President Li Liangwen made a speech entitled "Strengthening Faith and Facing Difficulties" In the previous report, "Successfully working hard to successfully complete the tasks of the whole year", Vice President Song Fuxing made an internal control compliance report, and Assistant President Zhou Liping made financial analysis in the first half and announced financial policies in the second half. Fu Anping, Songgang Yisheng, Lan Yadong, Yun Zhen, Wang Huixuan Vice President, Duan Zonghua Discipline Inspection Commission Assistant, President Zhang Zhiting Assistant attended the conference, Zhejiang, Hubei, Shanxi, Ningxia, Hebei, Shandong, Beijing, Henan, Jiangsu, Baoding, Xingtai, etc. Eleven institutions exchanged experiences. The principals of provincial branches and heads of departments at the headquarters attended the meeting.

On July 1, 2011, the company convened a meeting of headquarters members and a sworn ceremony for new party members. The meeting was chaired by Comrade Fu Anping, a member of the company's party committee and the secretary of the party committee of the organization. Yunzhen, a member of the company's party committee, and Zhang Zhiting, assistant to the president. Attend a meeting.

On June 29, 2011, the company company party committee member, vice president, company party committee secretary and president Li Liangwen, party committee member and vice president Song Fuxing participated in the National Social Security Fund Council Strategic Investors Group celebration event. Member of the Party Committee and Vice President of the Corporation, Li Liangwen, Secretary of the Party Committee and President of the Company, Fu Anping, Lan Yadong, Yun Zhen, and Wang Huixuan, Party Assistants and Vice Presidents of the Company Zhang Zhiting and Zhou Liping attended the PICC Group to celebrate the 90th anniversary of the establishment of the party The event commends the conference.

On June 28, 2011, the company's executive director, vice president, and company president Li Liangwen attended the fifth meeting of the first board of directors of the group company in 2011 and the third shareholders 'meeting in 2011 and the 2010 shareholders' meeting.

On June 7, 2011, the company's party committee member and vice president, the company's party committee secretary and president Li Liangwen, the company's vice president Fu Anping, Lan Yadong, and the president's assistant Zhou Liping attended the China Life Insurance Group Golden Elephant Project Mobilization Conference and Training Conference.

On May 19, 2011, President Li Liangwen was invited to attend and give a keynote speech at the 2011 Annual Conference of the Insurance Institute of China held in Shanghai.

On May 6, 2011, Li Liangwen, member of the party committee, vice president, secretary of the company's party committee, and president of the company, Lianghui Wang, member of the company's party committee, vice president Wang Huixuan, and assistant to the president Zhang Zhiting participated in "Progress with the motherland and grow with the company"-China Insurance Four theme group day activities. Vice President Fu Anping, Vice President Wang Huixuan and Assistant to President Zhang Zhiting attended the inaugural meeting of the Chinese People's Youth Federation and the first plenary session of the first committee.

From April 28th to 29th, 2011, the company's first quarter business situation analysis meeting was held in Beijing. Li Liangwen, Secretary of the Party Committee and President, made a report entitled "Firm Development Concept, Strengthen Development Confidence, and Go All Out to Promote Continuous and Rapid Growth of the Business". Lan Yadong, Yun Zhen, and Vice President Wang Huixuan respectively made special presentations on accelerating business development. Fu Anping, The vice president of Songgang Life, the secretary of the Duan Zonghua Discipline Inspection Commission, Zhang Zhiting, and the assistant to President Zhou Liping attended the meeting. The principals of the provincial branches made difficulties and problems in the current business development of the branch, the main ideas and work measures for the next step. Thematic speeches were attended by the principals of various departments at headquarters.

On April 21, 2011, Li Liangwen, member of the Party Committee and vice president of the group company, secretary of the company's party committee and president, attended the opening ceremony of the South Information Center of the People's Insurance Group Co., Ltd.

From April 19th to 23rd, 2011, the company's fourth sales elite summit was held on the Royal Caribbean cruise ship "Marine Myth". Party Secretary and President of the Group Corporation, Wu Yan, Chairman of the Company, Li Liangwen, Secretary of the Party Committee and President of the Company, Lifu Wen, Vice President Song Fuxing, Fu Anping, Songgang Yisheng, Lan Yadong, Yun Zhen, and Secretary of the Discipline Inspection Commission Duan Zong Huawei sent a congratulatory video, Wang Huixuan The vice president attended the conference and delivered a speech. Assistant President Zhang Zhiting attended the conference and presented awards for the company's entrepreneurial achievements in 2010. Assistant President Zhou Liping attended the conference and opened the conference. Elite representatives from individual insurance channels, group insurance channels, bank insurance channels, interactive channels, and exhibition channels from 34 provincial branches nationwide, and more than 1,300 people participated in the company s entrepreneurial merits and observations in 2010.

On April 12, 2011, the twenty-ninth meeting of the first board of directors of the company and the 2011 annual shareholders meeting, the thirtieth meeting of the first board of directors and the second extraordinary shareholders meeting of 2011 were held in Hangzhou. The meeting was chaired by Chairman Wu Yan, Vice Chairman Li Liangwen, Executive Director Matsuoka Life, Non-executive Directors Liu Zhenghuan, Chen Youqing, Independent Directors Bai Zhongyao, Liu Kezhen, Wang Mingquan, and PICC Property and Shareholders' Representative Jin Xin, PICC Assets and Representatives Qin Ling, and Sumitomo Life Japan Shareholder representatives Gao Song Zexiong and Asian Financial Group representative Chen Zhisi attended the meeting. Director Song Fuxing entrusted Vice Chairman Li Liangwen to vote on his behalf. Chairman of the Board of Supervisors Zhuang Chaoying, Vice President Fu Anping, Lan Yadong, Yun Zhen, Wang Huixuan, Assistant to the President Zhang Zhiting and the person in charge of the Board Office attended the meeting. The 29th Board of Directors and the Annual General Meeting of Shareholders reviewed and unanimously passed proposals such as the work report of the Board of Directors, the work report of the Board of Supervisors, audited financial statements, and solvency reports. The 30th Board of Directors and the Second Interim Shareholders' Meeting reviewed and unanimously approved the proposals. The proposal on the replacement of directors and supervisors was passed.

On the afternoon of March 30, 2011, President Li Liangwen attended the first working meeting of the Expert Advisory Committee of the Chinese Actuaries Association as a member.

On March 21, 2011, the company's leadership team made a special report to the party committee of the group company on the 11th Five-Year Plan's operating results and the 12th Five-Year Plan for the development of PICC Life Insurance. The report "Capturing Opportunities and Promoting Development at Home and Abroad", Vice President Fu Anping, Lan Yadong, Yun Zhen, Wang Huixuan, Secretary of Discipline Inspection Commission Duan Zonghua, Assistant President Zhang Zhiting, Zhou Liping, and heads of the Office, Investment Department and Actuarial Department attended the meeting.

On March 9, 2011, the company's 2011 disciplinary inspection and supervision work conference was held in Beijing. Comrade Zhou Shurui, member of the Party Committee and Secretary of the Discipline Inspection Committee of the Group, attended the meeting and gave important instructions. Comrade Li Liangwen, Secretary of the Party Committee and President of the Company, made an important speech. The company's "Twelfth Five-Year Plan" provides strong guarantees for the work report. Fu Anping, Lan Yadong, Yun Zhen, Assistant to the President Zhang Zhiting and Zhou Liping attended the meeting. The heads of various departments of the head office, members of the Beijing branch, the heads of departments attended the meeting, and the heads of provincial branches outside Beijing. 2. Department members participate in the meeting through video link.

On February 23, 2011, the company held a report meeting for members of the leadership team. Zhuang Chaoying, member of the party committee, vice president and chairman of the PICC Life Insurance Supervisory Board, and Liu Yong, deputy general manager of the human resources department of the group company, attended the meeting to give guidance. Li Liangwen, member of the party committee and vice president of the group company, secretary of the company party committee and president chaired the meeting and performed work presentations on behalf of the team , Other members of the team report on their work in 2010. All employees at headquarters participated in the conference.

On January 20, 2011, the company's 2011 annual working meeting and the first meeting of the first employee congress were held in Beijing. Wu Yan, Party Secretary, President, and Chairman of the Corporation, and Zhuang Chaoying, Party Member, Vice President, and Chairman of the Board of Supervisors of the Corporation attended the meeting. President Li Liangwen made a speech entitled "Promote the past and forge ahead to open the magnificent blueprint of PICC life insurance" 12th Five-Year Plan ". Work report. Comrade Fu Anping, the company's vice president and director of the labor union working committee, made a report on the preparations for the workers' congress. Assistant vice president Lan Yadong and assistant president Zhang Zhiting gave presentations on the rewards and assessment of the operating team of the provincial branch. Songgang Yisheng, Yun Zhen, Vice President Wang Huixuan, Secretary of the Discipline Inspection Commission of Duan Zonghua, Assistant to President Zhou Liping, principals of provincial branches, heads of heads of various departments of the company, and company employees attended the meeting.

2010 China People's Life Insurance Co., Ltd. 2010

In the afternoon of December 13, 2010, the company held the 2010 Party Member Leading Cadres Democratic Life Meeting. Zhuang Chaoying, member of the party committee and vice president of the group company, Han Kesheng, assistant to the president and party committee organization minister, Shao Yaping, deputy general manager of the supervision and audit department, relevant comrades from the party organization department attended the meeting, and members of the company's party committee team attended the meeting. Zhang Zhiting, assistant to the president of Zhou Liping, party committee office, The principal of the Supervision and Audit Department attended the meeting.

On the afternoon of November 25, 2010, the report on the fifth anniversary of PICC Life was held in the Railway Building. On behalf of the company's management, President Li Liangwen made a report to shareholders' representatives entitled "Diligent, thrifty, hard work, and rapid growth to highlight the value". Representatives of various shareholder units, company vice presidents Song Fuxing, Fu Anping, Songgang Yisheng, Lan Yadong, Yun Zhen, Wang Huixuan, Duan Zonghua Discipline Inspection Commission Secretary, Zhang Zhiting, Zhou Liping Assistant to the President, and the head of the board office attended the meeting.

On the morning of November 25, 2010, the 5th Anniversary Celebration of Life and Dedication Road, Glorious New Journey was established in Beijing Railway Building. Wu Yan, Party Secretary, President and Chairman of the Corporation, Sumitomo Life Japan, Asia Financial Group, Pangu Bank of Thailand, PICC P & C, PICC Assets and other shareholder representatives, former general manager of China PICC Holdings, Tang Yunxiang, party member and deputy of the CPC Ding Yunzhou, President, Zhuang Chaoying, Party Committee Member, Vice President, Chairman of the Company's Supervisory Committee, Wang Yincheng, Party Committee Member and Vice President of the Group Company, Zhou Houjie, Chief Financial Officer of the Group Company, and responsible persons of relevant departments and offices of the Group Company, PICC Health, PICC Investment Control, PICC Representatives of brother companies in the capital, PICC, Zhongsheng International and other systems, and independent director Mr. Bai Zhongyao were invited to attend the meeting. At the meeting, employees and sales elites who won the Outstanding Contribution Award for the fifth anniversary of PICC Life Insurance were commended, and the launching ceremony of the new five-year new journey was held. After the meeting, Chairman Wu Yan, President Li Liangwen, and some shareholder representatives accepted an exclusive interview with the media. Members of the company's president's office, members of the provincial branch's operating team, headquarters and employees of the Beijing branch attended the conference.

From November 23 to 24, 2010, the company's third quarter 2010 situation analysis meeting was held in Beijing. Zhuang Chaoying, member of the Party committee and vice president of the Group Corporation, attended the meeting to give guidance. Li Liangwen, secretary of the company's party committee and president, made a work report titled "Promote the past and forge ahead and create a new situation for the extraordinary development of life insurance life insurance." Arrangements and arrangements were made, and Party members and vice presidents Fu Anping, Lan Yadong, Yun Zhen, and Wang Huixuan made special presentations on resource allocation, personal insurance business development, mutual business development, and bank and mail business development. The Secretary of the Discipline Inspection Commission, Duan Zonghua, strengthened the leadership. The team construction was a special presentation, and the assistants to the president Zhang Zhiting and Zhou Liping respectively made special presentations on institution and team building and 2011 performance evaluation methods. The principals of the provincial branches and Baoding Center Branch reported on the work ideas, work goals and main work measures in 2011. Vice President of Lifetime Matsuoka, heads of various departments at the headquarters, members of the operating teams of provincial branches, and principals of Baoding Central Branch attended the meeting.

From the afternoon of July 22 to July 23, 2010, the company's 2010 half-year work meeting was held in Beijing. Zhuang Chaoying, a member of the Party Committee and vice president of the Group Corporation, attended the meeting to give guidance and give important instructions. President Li Liangwen made an important summary speech. The principals of the provincial branches (preparatory group) and Baoding Central Branch respectively carried out work ideas and measures for the next stage. Thematic speech. Vice President Song Fuxing, Fu Anping, Songgang Yisheng, Lan Yadong, Yun Zhen, Wang Huixuan, Secretary of the Discipline Inspection Commission Duan Zonghua, Assistant President Zhang Zhiting and Zhou Liping, and heads of various departments at the headquarters attended the meeting.

On the morning of May 14, 2010, the Company's 2010 Annual General Meeting of Shareholders and the 21st Meeting of the First Board of Directors were held in Wanchun Garden. Entrusted by Chairman Wu Yan, Vice Chairman Li Liangwen presided over the meeting. Directors Song Fuxing, Songgang Yisheng, Liu Zhenghuan, Chen Youqing, independent directors Bai Zhongyao, Wang Mingquan and representatives of various shareholder units attended the meeting. Chairman of the Supervisory Board Zhuang Chaoying and other members of the Supervisory Board, the company Members of the president's office and heads of relevant departments attended the meeting. The Board of Directors reviewed and approved 7 proposals including the 2009 Annual Report of the Board of Directors of China Life Insurance Company Limited. The Shareholders' General Meeting reviewed and approved 4 proposals including the 2009 Audited Financial Statements of China Life Insurance Company Limited.

On the morning of May 14, 2010, the seventh meeting of the first Supervisory Committee of the company was held in Wanchunyuan. Zhuang Chaoying, a member of the Party Committee and vice president of the group company chairman, chaired the meeting. Supervisors Guo Shengchen and Zhang Zhiting attended the meeting. The heads of relevant departments attended the meeting. The Supervisory Committee reviewed and approved three proposals including the 2009 Annual Report of the Supervisory Committee of the People's Life Insurance Company of China.

On April 28, 2010, the first quarter of the company's business situation symposium was held in Zhengzhou. President Li Liangwen, Lan Yadong, Yun Zhen, Vice President Wang Huixuan and Secretary of the Discipline Inspection Commission of Duan Zonghua conducted business development, cost management and control with the head of the branch. The leaders of the relevant departments of the headquarters and members of the provincial branches participating in the summit attended the discussion.

From April 26 to 27, 2010, the company's third sales elite summit was held in Zhengzhou. Party Secretary, Chairman, President of the Group Corporation, Wu Yan, Chairman of the Company, Li Liangwen, Secretary of the Party Committee, President of the Company, Lan Yadong, Member of the Party Committee, Vice President Lan Yadong, Yun Zhen, Wang Huixuan, Duan Zonghua, Member of the Party Committee and Secretary of the Disciplinary Committee, Secretary of the Board of Directors Relevant personnel from the business development department and other departments watched the summit. Nearly 1,500 advanced units, advanced individuals and observers from 32 provincial branches attended the meeting.

On March 19, 2010, the company held the 2010 disciplinary inspection and supervision work conference in Beijing. Zhou Shurui, a member of the Party Committee and Secretary of the Disciplinary Committee of the Group Corporation, and the principal of the Supervision and Audit Department were invited to attend the meeting. Members of the company's party committee, heads of heads of departments, and heads of Beijing branch offices and above attended the meeting at the main venue, and heads of provincial branch offices and above participated in the meeting through video. Managers and assistants above the headquarters attended the meeting.

From January 28 to 29, 2010, the company's 2010 annual working meeting was held in Beijing. President Li Liangwen made a work report entitled "Standing at a New Starting Point and Surpassing New Goals to Compose a New Chapter of Ultra-conventional Leap-forward Development". Zhuang Chaoying, Member of the Party Committee and Vice President of the Group Corporation, made an important speech at the meeting. Lan Yadong, Yun Zhen, Wang Huixuan The vice president, Zhang Zhiting, and Zhou Liping, assistants to the president, gave presentations on individual, group, bank, and mutual business channels, human resource policy, and provincial financial concentration. Song Fuxing, Fu Anping, Vice President of Yagi Nobu, Secretary of the Discipline Inspection Commission of Duan Zonghua, heads of heads of various departments of the head office, and principals of branch offices attended the meeting.

On January 7, 2010, the company held a public appraisal of the communication capabilities of the management posts of the headquarters department. Zhuang Chaoying, a member of the party committee and vice president of the group company, and heads of various departments of the group company and related personnel attended the meeting and gave guidance. President Li Liangwen, Song Fuxing, Fu Anping, Yagi Nobuyuki, Lan Yadong, Yun Zhen, Vice President Wang Huixuan, Secretary of the Duan Zonghua Discipline Inspection Commission, Zhang Zhiting, and Zhou Liping assistants attended the competition.

2009 China People's Life Insurance Co., Ltd. 2009

On the morning of December 28, 2009, the company held a special symposium to exchange ideas on learning and implementing the speeches of Chairman Wu Dingfu and Assistant Chairman Wenwen Chen of the China Insurance Regulatory Commission during the company's investigation. In the afternoon, the company held a general meeting of employees at the headquarters to convey the spirit of Chairman Wu Dingfu's important speech, and put forward requirements for further implementing the spirit of the speech.

On the morning of December 25, 2009, Chairman Wu Dingfu and Assistant Chen Wenhui of the China Insurance Regulatory Commission went to the company for investigation and guidance. Secretary of the Party Committee and President Li Liangwen made a work report on behalf of the company's Party Committee and management team.

On the morning of December 3, 2009, the company held the 2009 Party Member Leading Cadres Democratic Life Meeting. Wu Yan, Secretary of the Party Committee and President of the Corporation, and Zhuang Chaoying, Member of the Party Committee and Vice President, attended the meeting and gave guidance.

From November 19th to 22nd, 2009, the company's third quarter 2009 business situation analysis meeting was held in Beijing. President Li Liangwen made important speeches, Vice President Lan Yadong made an analysis of the company's operating situation, Vice President Wang Huixuan preached the business plan for 2010 and the first quarter business promotion plan, and Assistant President Zhou Liping preached the performance evaluation measures for the branch company in 2010. Members of the president's office, heads of various departments, and members of the operating teams of provincial branches attended the meeting.

On September 16, 2009, with the approval of the party committee of the China Insurance Regulatory Commission, the group company decided that Zhang Zhiting and Zhou Liping would be assistant presidents of the company.

On the morning of August 4, 2009, Director Liang Tao of the Personal Insurance Supervision Department of the China Insurance Regulatory Commission came to the company for investigation. President Li Liangwen made a report on the company's business development and future development plans.

From July 16 to 17, 2009, the company's 2009 half-year work meeting was held in Beijing. President Li Liangwen made a work report entitled "Strengthening Confidence and Taking Advantage of the Situation to Make Greater Contributions to Recreating People's Insurance and Brilliant Success". The principals of Hebei, Shandong, Jilin, Jiangxi, Sichuan, Hubei and other branches respectively Channel construction and other aspects of the meeting and participants exchanged experiences. Members of the president's office, the principals of various departments of the head office, and the principals of branch offices attended the meeting.

From May 20th to 22nd, 2009, the company held the "Second Annual Sales Elite Summit of PICC Life Insurance" in Xi'an Greenland Pico Convention Center. Chairman of the company Wu Yan, President Li Liangwen, Vice President Lan Yadong, Vice President of PICC Property and Casualty Insurance Co., Ltd., Vice President of PICC Health Feng Xiangying, Head of the Group's Culture and Brand Department, and the principals of PICC branches in Shaanxi attended the summit meeting. A total of more than 1,150 sales elite representatives from the four major channels of 31 provincial branches nationwide attended the meeting.

On the morning of April 28, 2009, the company's 2009 annual general meeting of shareholders and the ninth meeting of the first board of directors were held in Wanchun Garden. The meeting was chaired by Chairman Wu Yan. Vice Chairman Li Liangwen, Director Song Fuxing, Yagi Nobuyuki, Liu Zhenghuan, Chen Youqing and representatives of various shareholder units attended the meeting. Chairman of the Board of Supervisors Zhuang Chaoying and other members of the Supervisory Board, members of the company's presidential office and relevant department heads At the meeting, the Board of Directors reviewed and approved 12 proposals including the 2008 Annual Report of the Board of Directors of China Life Insurance Company Limited. The Shareholders' General Meeting reviewed and approved 7 proposals including the 2008 Audited Financial Statements of China Life Insurance Company Limited.

On the afternoon of April 21, 2009, the third meeting of the first board of supervisors of the company was held in Wanchunyuan. The meeting reviewed and approved 6 proposals including the 2008 Annual Report of the Board of Supervisors of China Life Insurance Co., Ltd. The meeting was chaired by the Chairman of the Board of Supervisors Zhuang Chaoying. Supervisors Guo Shengchen and Zhang Zhiting attended the meeting. Vice President Fu Anping and heads of relevant departments of the headquarters also attended the meeting.

From April 9th to 14th, 2009, a training course for heads of third-level institutions nationwide was held in Beijing. During the period, President Li Liangwen, Song Fuxing, Fu Anping, Yagi Nobuyuki, Yun Zhen, Vice President Wang Huixuan, and Secretary of the Commission for Discipline Inspection of Duan Zonghua visited the 211 third-level institutions. President Li Liangwen and Vice President Song Fuxing respectively discussed the company's development planning and outlook and comprehensive progress Interactive lectures and other topics.

On March 17, 2009, with the approval of the party committee of the China Insurance Regulatory Commission, the group company decided that Yun Zhen and Wang Huixuan were members and vice presidents of the company's party committee, and Duan Zonghua was a member of the company's party committee and secretary of the disciplinary committee.

On January 11, 2009, the company's 2009 business start-up conference was held in Beijing. Chairman Wu Yan addressed the meeting and awarded the 2008 provincial agency performance bonus. President Li Liangwen delivered a speech on the start-up and addressed the main leaders of provincial branches. A letter of responsibility was issued. Ding Yunzhou and Zhuang Chaoying, members of the Party Committee and vice presidents of the Group Corporation, senior experts and principals of various departments, Song Fuxing, Fu Anping, Yagi Nobuyuki, Lan Yadong and all employees at the headquarters participated in the launch meeting.

From January 9th to 10th, 2009, the company's 2009 National Work Conference and Discipline Inspection and Supervision Conference were held in Beijing. President Li Liangwen made a work report entitled "Promote the spirit of the bright sword, practice scientific development, and work hard to achieve a new leap forward." Song Fuxing Secretary of the Discipline Inspection Commission made a report on the work of the Discipline Inspection Commission, and Zhuang Chaoying, a member of the Party Committee, Secretary of the Discipline Inspection Commission, Vice President, and Chairman of the Company's Supervisory Committee, made an important speech. ,

2008 China People's Life Insurance Co., Ltd. before 2008

On December 31, 2008, the fourth shareholders' meeting of the company was convened in writing to consider and pass four proposals including the "Proposal on Wu Gaolian's Resignation of Directors of the Company".

On December 31, 2008, the eighth meeting of the first board of directors of the company was convened in writing, and reviewed and approved five proposals including "Proposal on Wu Gaolian's Resignation of Directors of the Company".

On October 27 and November 6, 2008, Comrade Zhao Jiebing, a member of the Party Committee of the China Insurance Regulatory Commission, and related departments came to our company to conduct research and guidance on the in-depth study and implementation of the scientific concept of development.

On September 18, 2008, the company successfully issued subordinated term debt with a total value of RMB 2.25 billion, which further enhanced the solvency through the increase in subsidiary capital and effectively supported the rapid growth of the business.

In 2007, the company's annual premium income soared from 830 million yuan in the previous year to 4.68 billion yuan, ranking the ninth in the industry and moving forward 10 steps, completing a classic and extraordinary development.

On June 26, 2007, the company officially announced that the capital increase and restructuring work was successfully completed, the capital was increased from 1 billion yuan to 2.7 billion yuan, the status of "people's insurance" was restored, and the transition from a joint venture to a Chinese-funded company was completed.

On December 22, 2006, the Preparatory Group of the Sichuan Branch of China People's Life Insurance Co., Ltd. obtained the approval from the CIRC.

On October 27, 2006, the People's Insurance Company of China and the People's Insurance Company of China signed the "General Cooperation Agreement" and "Mutual Agency Insurance Contract".

On September 8, 2006, the People's Insurance Company of China Jilin Branch held an opening ceremony. On the day of opening, the company donated "Life Insurance Medical bursary" to the Bethune Medical Department of Jilin University.

On July 18, 2006, the Hunan Branch of China Life Insurance Co., Ltd. held an opening ceremony. PICC Life opened the first provincial branch outside Beijing. On the day of opening, the company donated a "Life Insurance Medical Grant" to Xiangya Medical College of Hunan University.

May 12, 2006, Chinese

China People's Life Insurance Co., Ltd.

China Life Insurance Co., Ltd. held a mobilization conference on integrity education activities in Beijing and made eight promises to the society.

On May 9, 2006, the People's Life Insurance Company of China and the Agricultural Bank of China signed a comprehensive business cooperation agreement.

On April 19, 2006, China People's Life Insurance Co., Ltd. and Beijing Rural Commercial Bank signed a comprehensive business cooperation agreement.

On March 23, 2006, the People's Insurance Company of China Beijing Branch held an opening ceremony in Beijing. The first provincial branch of China People's Life Insurance Co., Ltd. opened.

On March 20, 2006, the donation ceremony of "Personal Insurance Life Medical Scholarship" was held at the Medical Department of Peking University. The "Life Insurance Medical Insurance Scholarship" program was officially launched.

On November 10, 2005, approved by the China Insurance Regulatory Commission, China People's Life Insurance Company (formerly China Life Insurance Company Limited).

Speech by leaders of China People's Life Insurance Co., Ltd.

Zhou Yanli pointed out that the Chinese People's Insurance has undergone great changes in the past two years and has achieved gratifying success.

China People's Life Insurance Co., Ltd.

Performance. The whole system united as one and worked hard, and the mental outlook changed profoundly; a new development strategy was formulated and implemented, business management was significantly strengthened, new breakthroughs were made in business development, and development patterns achieved important changes; compliance operations and risk prevention work Strengthened; the company talked about politics and the overall situation from top to bottom; it was able to do what it wanted to do in the bank and do its best to serve the whole situation; the leadership team and the cadre team have achieved remarkable results.

Zhou Yanli emphasized that it is necessary to take a scientific development view as a guide to comprehensively grasp the current situation of the development of the insurance industry. 2009 is a year in which the insurance industry is facing challenges. It is necessary to focus on potential risks such as insufficient solvency of insurance companies and the use of insurance funds. The year 009 is also a year in which the development of the insurance industry is facing opportunities. Take advantage of the opportunity to change the growth mode and study how to better serve the society; we must correctly grasp the development characteristics and objective laws of the insurance industry in the new stage, adhere to development as the number one priority, unswervingly adhere to the transformation of the development mode, and persist in giving play to insurance The risk management and protection functions of the industry are unswerving, the protection of consumer interests is unwavering, and the establishment of a modern insurance enterprise system is unwavering. Regarding the work in the future period, Zhou Yanli requested that the spirit of the National Insurance Work Conference should be conscientiously implemented and the rapid and sound development of the Chinese People's Insurance should be solidly promoted. We must deepen reforms, optimize structures, and promote institutional and institutional changes; we must strengthen risk management, strengthen infrastructure, and effectively strengthen the implementation of the system; we must focus on serving the overall economy and society, protect consumer interests, vigorously develop rural insurance, and strengthen integrity building. Make greater contributions to economic and social development; strengthen party building and talent team building, and continuously improve the cohesion and combat effectiveness of the leadership and cadre teams.

Wu Yan, Secretary of the Party Committee and President of the Group Corporation, pointed out in his speech that 2008 was an extraordinary year in the reform and development process of the People's Insurance of China. PICC insisted on unwavering development and the Group's strength reached a new level; timely adjustment of business strategies, strengthening of risk prevention, intensive management, and effective promotion of sustainable development capabilities; new breakthroughs were achieved in internal integration and external expansion, and formed The future-oriented development pattern; it bears more social responsibilities, and shows the company's good spiritual outlook and excellent corporate citizenship image.

Wu Yan emphasized that the work in 2009 should be guided by the spirit of the Party Central Committee and the State Council's important directives, in-depth study and practice of the scientific concept of development, comprehensive implementation of the spirit of the National Insurance Working Conference, and adhere to reform and restructuring around "promoting development, ensuring benefits, and preventing risks."

China People's Life Insurance Co., Ltd.

Integrate and innovate, continue to emancipate the mind, strengthen development confidence, change the development mode, consolidate the foundation for development, improve development efficiency, strengthen risk prevention, and continuously enhance the capacity for sustainable development, fully stimulate the inherent potential and vitality, and promote the China People s Insurance Entrepreneurship and leapfrog development. We must persist in sound and rapid development and unswervingly focus on promoting development; we must improve the business model and assessment mechanism, adjust the business structure, strengthen investment capacity building, and implement effective security work; we must focus on management and control and strengthen implementation Efforts will be made to achieve effective results in risk prevention; we must persist in deepening reforms, promote overall reforms, and increase internal integration and collaboration; we must strengthen party building and focus on improving the guarantee capacity and level of scientific development.

Wu Yan demanded that cadres and employees in the entire system should strengthen their confidence, build up their strength, and continue to push forward the new development strategy of the China People's Insurance to ensure healthy and rapid development. One

China People's Life Insurance Co., Ltd.

It is necessary to comprehensively analyze the internal and external situations and fully understand the development opportunities. The implementation of the spirit of the Third Plenary Session of the 17th CPC Central Committee, the Central Economic Working Conference and the National Insurance Working Conference have created a good external environment for the PICC to expand its service areas and achieve new goals, which is very beneficial to the company's business development and efficiency improvement. The second is to give full play to the advantages that have been formed. In the past two years, the average growth rate of China's premium income has reached 41%, which is at the forefront of the industry, and the group's asset size has nearly doubled; the management and service functions of the group company have gradually strengthened, and the structure of the insurance financial group has been successfully established; Cultural ideas are deeply rooted in the hearts of the people. All these have laid a solid foundation for further intensifying the new development strategy, consolidating the good situation already formed in the development, and building a world-class large insurance and financial group. Third, we must uphold the common belief and responsibility of reshaping the image of the People's Insurance and re-creating the glory of the People's Insurance, and firmly develop confidence. "History contains value, and glory makes the future." After 60 years of development, the PICC stood at a new starting point for development. The PICC must deeply understand the heavy and glorious historical responsibility on its shoulders, uphold the fine tradition of PICC, learn from the history of the company, and use honor and ambition to further unify the thinking, raise awareness, strengthen confidence, and promote the PICC's good and fast Development, with outstanding achievements, to the Republic of China's 60th birthday, to the 60th anniversary of the Chinese Ministry of Construction and Construction.

The meeting concluded and deployed the discipline inspection and supervision work. The meeting pointed out that the past year,

China People's Life Insurance Co., Ltd.

Guided by the scientific concept of development, the inspection department carefully implemented the spirit of the Discipline Inspection and Supervision Work Conference of the CIRC, resolutely implemented the requirements of the Party Committee of the Group Corporation, and insisted on equal emphasis on education, system, and supervision. Focusing on the construction of a clean and honest government responsibility system, the discipline inspection and supervision functions have been fully implemented, and various tasks have achieved significant results. Discipline inspection and supervision in the future will face new situations, new tasks, and new requirements: To implement the scientific development concept, we must further improve our work standards and capabilities; to implement the state-owned enterprise's anti-corruption and anti-corruption construction and deployment, we must further strengthen the source-based work; adapt to the supervisory authority to strengthen supervision In the new environment, we must be more proactive in internal control and compliance; in line with the new trend of the group's comprehensive operations, we must mention risk prevention to a more prominent position. To this end, the focus of the China People's Insurance Discipline Inspection and Supervision in 2009 is to carry out the supervision and inspection of the rectification measures of the study and practice activities of the scientific outlook on development, to consolidate the results of the study and practice activities; Guarantee; strengthen inspections and inspections, promote the leadership to improve the scientific development ability of leaders; implement anti-corruption and integrity education and internal control compliance education to create a good atmosphere for the company's development; address the internal control gaps of various business segments, strengthen classified supervision and guidance; carry out risk orientation Auditing, strengthening prevention of business risks; conducting effectiveness monitoring to solve outstanding problems in system construction and implementation; maintaining efforts in handling complaints and reports, handling cases, and strengthening disciplinary and permanent functions; strengthening the integration of disciplinary inspection and auditing resources and team training to improve the quality of work; Vigorously carry out theoretical discussions, study and grasp the law of disciplinary inspection and audit work.