China Life Insurance Co Ltd - Company Profile
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China Life Insurance Co Ltd (China Life), a subsidiary of China Life Insurance (Group) Company, is a leading life insurance company in China. The company primarily engages in providing life insurance, annuity insurance, health insurance, and accident insurance. Its major products include individual and group life insurance policies, as well as accident and health insurance policies. The company's products and services cater to a wide range of customers, including individuals and businesses, across various sectors. It operates through an extensive distribution network comprising exclusive agents, direct sales representatives, and dedicated and non-dedicated agencies. China Life targets markets across China and has a significant presence in the insurance asset management sector. China Life is headquartered in Beijing, China.
Headquarters
China
Address
No. 16, Jinrong Avenue, Xicheng District, Beijing, 100033
Website
www.e-chinalife.com
Telephone
86 10 63631241
No of Employees
96,257
Industry
Financial Services
Ticker Symbol & Exchange
601628 (SHA)
Revenue (2024)
$49.1B
10.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
44.1%
(2024 vs 2023)
Market Cap*
$149.6B
Net Profit Margin (2024)
XYZ
30.0%
(2024 vs 2023)
* As of and is in US$
China Life Insurance Co Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Accident Insurance |
| Group life Insurance |
| Individual life insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In August, the company launched an annuity insurance product in Tibet. |
| 2026 | New Products/Services | In January, the company introduced two new products, China Life Xin Hong Fu Pension Annuity Insurance and China Life Xin Hong Li Annuity Insurance. |
| 2025 | Plans/Strategy | In June, the company announced its plans to form a joint venture with China National Nuclear Power and others to invest in Chinese nuclear power companies. |
Competitor Comparison
| Key Parameters | China Life Insurance Co Ltd | China Pacific Life Insurance Co Ltd | Taiping Life Insurance Co Ltd | New China Life Insurance Co Ltd | Ping An Life Insurance Company of China Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Beijing | Shanghai | Shanghai | Beijing | Shenzhen |
| State/Province | Beijing | Shanghai | Shanghai | Beijing | Shenzhen |
| No. of Employees | 96,257 | - | - | 27,726 | - |
| Entity Type | Public | Private | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cai Xiliang | Chairman | Executive Board | 2024 | 60 |
| Ruan Qi | Chief Network Security Officer; Chief Risk Officer; Vice President; Director | Executive Board | 2024 | 60 |
| Liu Hui | Vice President; Chief Investment Officer; Director; Secretary | Executive Board | 2025 | 56 |
| Xu Chongmiao | Chief Compliance Officer | Senior Management | 2024 | 57 |
| Hou Jin | Chief Actuary, Assistant President | Senior Management | 2025 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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