China Life Insurance: Life & Health Insurance Behemoth
China Life Insurance Co., Ltd operates in the insurance sector. It is headquartered in Beijing, China and has more than 100,000 employees. The firm generates sales in excess of $70 billion. China Life Insurance was founded in June 30, 2003.
The insurance company engages in the life, accident and health insurance businesses and reinsurance business relating to the foregoing. China Life is also in fund investment businesses authorized by laws, regulations or state council; and agency business, consulting business and provision of services, in each case relating to life insurance.
The company operates through the following segments: Individual Life Insurance, Group Life Insurance and Short-term Insurance. The Individual Life Insurance segment offers lifetime insurance products to individual clients by offering participating and non-participating life insurance and annuities to individuals.
The Group Life Insurance segment sells insurance and investment contracts to group entities by offering participating and non-participating life insurance and annuities products to companies and institutions. The Short-term Insurance segment offers short-term accident insurance and health insurance to individuals and groups.