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Is there a formal establishment for China Life Insurance?
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China. In 20 13, the total premium income reached 386.8 billion yuan, the market share of domestic life insurance business was 3 1.6%, and the total assets reached 2407 1 billion yuan, making it one of the largest institutional investors in China capital market. /kloc-In 0/3, it was selected as the Fortune Global 500, ranking 54th. For seven consecutive years, it has been selected as one of the top 500 brands in the world, ranking 237th, and the top 500 Chinese brands in China Brand Value Research Institute, ranking 15.
Extended data
The history of China Life Insurance can be traced back to the life insurance business handled by the former People's Insurance Company of China, which was established on June 20th. 1949. Just 20 days after the founding of New China, with the approval of the Central People's Government, China People's Insurance Company, a unified national insurance institution, was established, with a life insurance department.
There are two kinds of personal insurance in the early days of the People's Republic of China: compulsory insurance mainly includes accidental injury insurance for railway, ship and air passengers, and voluntary insurance is divided into employee group personal insurance and simple personal insurance. By 1958, * * * realized life insurance premium income of 1.4 1 100 million yuan, 3 million people participated in employee group life insurance and 1.8 million people participated in simple life insurance, which played a positive role in stabilizing people's lives.
Baidu Encyclopedia-China Life Insurance Group Company
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