What Is Bank-Owned Life Insurance?
Agricultural Bank of China Life Insurance Co., Ltd. is a national life insurance company created by the strong cooperation of companies such as Agricultural Bank of China Co., Ltd., Beijing Zhongguancun Science City Construction Co., Ltd., and registered with the State Administration for Industry and Commerce. The company is headquartered in Beijing, and has established nearly 400 branches, including 22 branches, in Beijing, Zhejiang, Liaoning, Shandong, Fujian and other provinces.
ABC Life Insurance Co., Ltd.
- Chinese name
- ABC Life Insurance Co., Ltd.
- Branches
- Nearly 400
- Agricultural Bank of China Life Insurance Co., Ltd. is a national life insurance company created by the strong cooperation of companies such as Agricultural Bank of China Co., Ltd., Beijing Zhongguancun Science City Construction Co., Ltd., and registered with the State Administration for Industry and Commerce. The company is headquartered in Beijing, and has established nearly 400 branches, including 22 branches, in Beijing, Zhejiang, Liaoning, Shandong, Fujian and other provinces.
- Agricultural Bank of China Life Insurance Co., Ltd. (referred to as Agricultural Bank of China Life Insurance Co., Ltd.) is a strong cooperation between the Agricultural Bank of China, Beijing Zhongguancun Science City Construction Co., Ltd., China Sigma Co., Ltd. A national life insurance company registered by the General Administration. The company is headquartered in Beijing, and has 22 provincial branches and nearly 400 branches in Beijing, Zhejiang, Liaoning, Shandong, Fujian, Hunan, Sichuan, Jiangsu and other places. [1]
- Agricultural Bank of China Life Insurance Co., Ltd.'s premium scale over the years:
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- Agricultural Bank of China Co., Ltd.
- The predecessor of Agricultural Bank of China can be traced back to the Agricultural Cooperative Bank established in 1951. Since the end of the 1970s, the Agricultural Bank of China has successively experienced different development stages such as the state-owned professional banks, wholly state-owned commercial banks, and state-controlled commercial banks. In January 2009, they were restructured into joint stock companies. The Exchange and the Hong Kong Stock Exchange are listed.
As one of China's major comprehensive financial service providers, the Agricultural Bank of China is committed to building a first-class commercial bank that is oriented to the "three rural", urban-rural linkage, international integration, and diversified services. With its comprehensive business portfolio, huge distribution network and leading technology platform, Agricultural Bank of China provides a wide range of corporate and retail banking products and services to the broadest number of customers.
The Agricultural Bank of China has grown in development and advanced in innovation, creating brilliant achievements one after another. In 2011, Agricultural Bank of China had more than 23,000 domestic and overseas operating agencies, with the number of physical outlets ranking first among large banks; personal customers reached 395 million, ranking first among its peers. As of the end of 2011, the total assets of the Agricultural Bank of China were 11.7 trillion yuan. In 2011, the Agricultural Bank of China ranked 127th in the US Fortune Global 500 ranking, and its stock market value ranked 5th in the global banking industry. Ranked 7th in the UK's "Banker" Magazine's Global 1,000 Bank Rankings, Agricultural Bank of China has ranked among China's most well-known financial services brands.
- Beijing Zhongguancun Science City Construction Co., Ltd.
- Beijing Zhongguancun Science City Construction Co., Ltd. was established in 2001 with a registered capital of 1.28 billion yuan. It is a large enterprise group under the Chinese Academy of Sciences. By 2011, the company has developed more than 2 million square meters of land resources, with a planned total construction area of more than 2.8 million square meters. Adhering to the eight-character policy of rigorous, innovative, pragmatic, and cooperative, the company has integrated the high-tech advantages of the Chinese Academy of Sciences with the strong strength of shareholders and financial and investment experience, and has developed into land development and real estate construction, high-tech investment and development, finance and insurance. Enterprise groups in five major fields, including resources, mining and cultural media, have won a number of awards such as "Haidian District Outstanding Growth Enterprise in 2006" and "Beijing Top 50 Real Estate Development Enterprise Comprehensive Strength". As of December 31, 2011, the company's total assets reached 2.914 billion yuan and net assets were 2.063 billion yuan.
- Chongqing International Trust Co., Ltd.
- Chongqing International Trust Co., Ltd. is a non-bank financial institution approved by the People's Bank of China in 1984. Its registered capital is RMB 2.483873 billion, and its capital strength ranks second among national trust companies. It is the largest trust company in central and western China. As of December 31, 2011, the company's self-operated assets totaled 8.569 billion yuan, net assets were 7.9 billion yuan, and the scale of managed trust assets exceeded 50.9 billion yuan. Various indicators ranked first in the comprehensive ranking of national trusts and the first in the west. The company has developed into a trust company with sufficient capital, good assets, reasonable structure, strong profitability and anti-risk ability. At present, in addition to the trust business in the financial field, the company also actively participates in investment in the banking, insurance, funds, and securities industries through investment, and has established good business relationships with more than 100 financial institutions in more than 30 countries and regions.
- China New Era Limited
- China New Era Limited was established in September 1992 with a registered capital of RMB 1 billion. The company is mainly engaged in the wholesale and retail business of material circulation, electronic products, complete sets of equipment, and bulk materials. In recent years, the company's business scale has been continuously expanded, and its business scope has expanded to domestic trade, high-tech, investment and other fields, and has developed into a large-scale integrated group company. The company has established a sound corporate governance structure, further improved its management level, expanded its operating scale year by year, and increased revenue year by year, showing a good development trend, which has effectively enhanced the company's comprehensive competitiveness. As of December 31, 2011, China New Era Limited had total assets of RMB 12.236 billion and net assets of RMB 2.546 billion.
- China Sigma Co., Ltd.
- China Sigma Co., Ltd. was established in 1986 and is affiliated to the Chinese Academy of Sciences. In 1993, it was restructured into a national, cross-industry, investment-oriented large-scale joint-stock company with a registered capital of RMB 103.7 million. Through investment in real estate, finance, high-tech, golf industry, sports media, tourism management, property management, basic industry and energy supply, the company's assets have grown rapidly. As of December 31, 2011, China Sigma Co., Ltd. had total assets of RMB 10.41 billion and net assets of RMB 1.894 billion. At present, the company has more than 20 wholly-owned, holding and equity subsidiaries, with real estate, finance and technology as its main investment directions.
- Shanghai Anshang Industrial Co., Ltd.
- Shanghai Anshang Industrial Co., Ltd. was established in March 1993 with a registered capital of RMB 50 million. The company is engaged in industrial investment, venture capital, equity investment and real estate investment. It has professional investment management experience and has strong financial strength and a good reputation in the investment field. As of December 31, 2011, Shanghai Anshang Industrial Co., Ltd. had total assets of RMB 1.609 billion and net assets of RMB 1.121 billion.
- On November 20, 2017, the China Insurance Regulatory Commission's official website issued a regulatory letter stating that there were problems such as disguised breakthroughs in regulatory requirements in submitting product filing materials for ABC Life, Bank of Communications, Kanglian Life and Great Wall Life. The CIRC decided to issue the regulatory letter from the date Within six months, three companies were prohibited from applying for new products.
- The supervision letter showed that during the inspection of the CIRC, the three companies, including ABC Life, had unreasonable cash value calculations, did not meet the general actuarial principles, and breached the regulatory requirements in disguise. The main responsibilities of the product management of the three companies are lacking, the product development and design compliance awareness is weak, and the chief actuary's due diligence is obviously not in place. The problem is serious and the nature is bad. [2]
- Business Philosophy < br Establish business with faith, strive for health with real results, create new achievements, and strive for excellence with efficiency. The business philosophy is the guiding ideology of the company's business activities, and it is also a concentrated reflection of employees' professional and social values.
Establishing Your Business with Faith "Establishing Your Business With Faith" means "building a business with faith." "Faith" includes confidence, trust, and credit. Confidence is full of confidence in the company, shareholders, life business and future; trust represents mutual trust between employees and employees, between superiors and subordinates, between employees and the company, and between shareholders and the management team, the company and customers Mutual trust. Credit is the principle of dealing with people and the commitment to customers, employees, shareholders, and society. Facing customers with credit, building a brand, uniting people, and starting a business.
Seeking health based on reality " Striving for health based on reality" emphasizes down-to-earth and steady development. "Real" includes real thinking, telling and doing. Practical thinking refers to the development blueprints, strategies, and measures that are in line with the actual situation and are practicable; to be honest, to be honest, to do honest things, not to talk nonsense; hard work refers to the hard work spirit, step by step, and down to earth work.
"New innovation" is to strive for "innovation" to produce results and performance. "New" includes new ideas, new mechanisms, new models, and new brands. The new concept is self-breakthrough, renewing the concept, breaking the stereotypes; the new mechanism is the courage to try and introduce new mechanisms, and constantly innovate and surpass; the new model is the courage to explore new marketing models, and continuously improve and improve; new brands are to establish new Image, to create a new brand with market competitiveness and influence.
Striving for excellence with effectiveness "Striving for excellence with efficiency" is "striving for effectiveness" and is achieving "excellence". "Effect" includes: efficiency, effectiveness and efficiency. Efficiency is to create the best performance in the shortest time. Efficiency is the high energy released by high efficiency. Benefits include economic and social benefits. Benefits are the guarantee of the company's shareholders, customers and society.
Adhering to this business philosophy, ABC Life adheres to the value growth model of stable operation and sustainable development, is people-oriented, pays attention to practical results, and strives to build a "three high" team-a high-quality, high-capacity, high-performance elite team for rapid business Lay a solid foundation for development.
Service Concept < br Responsible for the customer for life, service level and quality for customers at all times is an important aspect of the company's core competitiveness, and it is the specific performance of the company's brand.
"Today's market competition is also the competition for service." ABC Life sets the standard for serving customers as "responsible to the customer throughout the life and always serve the customer." This is fundamentally different from the general purpose of service. First of all, the service time and space is very clear, and it is responsible to customers for life, that is, whether the insurance liability is terminated or not, no matter how the objective situation changes, Yinuoqianjin is sacred and solemn; when it is put into practice, it is implemented to provide customers whenever and wherever they want Service, it is imperative to provide the public with the insurance products they really need, and to provide customers with high-quality and convenient services as the starting point and destination of all work. Secondly, this purpose also reflects the excellent service consciousness of all employees. ABC Life pays special attention to cultivating the salesperson's awareness of honesty and dedication, requiring them to always consider their customers everywhere, and provide customers with the most honest, most satisfied and timely services with a strong sense of responsibility and mission. This service purpose is visible and tangible. It has clear test standards and standards, and is full of genuine sincerity and warmth.
Company motto < br Establishment in good faith, steady and steady. The company motto is the company's training for all employees, and it is a code of ethics and code of conduct that all employees must abide by.
Integrity as a person <br /> Here, "integrity as a person" means to be sincere and kind in being a person, abide by the credibility, and do not falsify. This is not only the foundation of a person's existence in the world, but also the cornerstone of a company's sustainable operation.
Do things with heart " Do things with heart" includes two meanings:
First, everyone should have eight hearts when doing things: first, ambition, must have a goal of struggle; second, confidence, have perseverance when facing difficulties and setbacks; third, be patient and promote to customers Try more insurance products and knowledge. Fourth, perseverance, no matter how far the gap between you and your peers, you must continue to work hard until you surpass it. Fifth, be open-minded, be brave enough to perceive your own shortcomings, and learn openly from others Sixth, sincerely, in accordance with the purpose of the customer is God, absolutely prohibit misleading or deceiving consumer behavior; seventh, work together, never engage in internal strife and work together in the company; eighth, enthusiastically, Love insurance business, company, and customer.
Secondly, everyone must use the "mind" to do things: think carefully, ponder carefully, think more and learn, emphasize details, pay attention to practical results, and do things carefully.
Based on the principles of high starting point, high standards and high requirements, the company requires all employees to have a high moral sentiment and the best professional standards, with a high degree of professionalism and sense of responsibility, to achieve high quality ethics, superb business skills, and work style Excellent, not seeking the best, but seeking better, and provide customers with satisfactory services.