China Life Insurance (Group) Company: Best Life Insurance Services China 2021


China Life Insurance (Group) Company, headquartered in Beijing, provides insurance and annuity products to clients across the mainland and abroad. China Life received an A1 financial strength rating from Moody’s and A from Standard & Poor’s. It ranks 32nd in Fortune’s 2021 Global 500 Companies. According to Forbes, China Life has a market capitalisation of $57.3bn and sales of $113.8bn. The state-owned company is the country’s largest insurer in terms of assets. It divides insurance business into life, health, accident, and other financial services, including asset management. It has a nationwide service network, with a million sales-force channels serving over 500 million customers. It administers some 303 million long-term annuity contracts and policies for individual / group health and life insurance. The corporate mission calls for prudent operations and progress fuelled by trustworthy service and innovative products. China Life aims to be a lifelong partner that fulfils lifelong promises. Its wholly-owned subsidiary, China Life Insurance (Overseas) Company (CLIO), acts as the group’s overseas business development arm. CLIO has established a foothold for the group in South East Asia, with offices across Hong Kong, Macau, Singapore and Indonesia. The judging panel cites the group’s strong management and harmonious development as factors in its growth. The judges present China Life Insurance (Group) Company — listed on the stock exchanges of Shanghai, Hong Kong and New York — with the 2021 award for Best Life Insurance Services (China).

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