What is the difference between life insurance and PICC?

1, the main business direction is different:

Life insurance, its main business, and from the monthly premium income announced by the China Banking Regulatory Commission, China Life Insurance is often the first;

PICC, whose main business is property insurance, especially its auto insurance accounts for one-third of the auto insurance premium market, and kills the property insurance of other insurance companies with many advantages such as the largest number of outlets, the fastest claim settlement and high cost performance.

2. Different company names:

The full name of China Life Insurance is China Life Insurance (Group) Company;

The full name of China PICC is China People's Insurance Group Co., Ltd.

3. The establishment time is different:

China PICC and 1949 10 were established in Beijing on 10, marking a new chapter in China's insurance industry.

China Life originated from 1996, and was renamed PICC Life Insurance Co., Ltd. and China Life Insurance Company on 1999. In 2003, with the consent of the State Council and the approval of the China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company.

Baidu Encyclopedia-China Life Insurance (Group) Company

Baidu Encyclopedia-China People's Insurance Group Co., Ltd.