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China Life Insurance Company

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China Life Insurance Company - Healthcare showcase

Year Founded & Workforce

1949

100,000 Employees

Industry

Healthcare

Services

Critical Illness
C

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China Life Insurance Company Overview

Company Headquarters: Beijing, China

Founded: 1949

Workforce: ~100,000

Company Working: China Life Insurance Company is a leading life insurance company in China. The company has four major operating segments as life insurance business (Life), health insurance business (Health), accident insurance business (Accident), and others. Its products and services include individual life insurance, group life insurance, and accident and health insurance. It also provides individual and group life insurance, annuity products, and accident and health insurance in China. The company had about 285 million long-term individual and group life insurance policies, annuity contracts, and long-term health insurance policies in force, as of December 2018. The company offers insurance services to more than 500 million customers.

Company Snapshot

$81,405.4M

Revenue

100,000

Employees

1949

Founded

Beijing, China

Headquarters

Key Developments

DateApproachDevelopment
August 2018ExpansionChina Life Insurance company expanded its presence in the Indonesian market with a new voyage China Life Insurance (Indonesia) Co., Ltd.
January 2017AgreementThe company signed a comprehensive strategic cooperation agreement with China Resources Corporation. The agreement will help both the parties to become bigger, stronger, and better on the basis of a strong alliance.

Product Offering

  • China Life Insurance Company
    • Critical Illness

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 81,405.4 Mn in 2016 to USD 94,777.8 Mn in 2018.
China Life Insurance Company — By Business Segment
Series (USD Mn)201620172018
Sales81,405.495,215.894,777.8

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