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New China Life Insurance Co Ltd: Overview

New China Life Insurance Co Ltd (NCI) provides a range of life insurance products and services to individuals and institutional customers. The company’s offerings include whole life insurance, universal life insurance, health insurance, accident insurance, annuity insurance and child insurance. It also offers group life insurance, group health insurance, critical illness insurance, investment-linked insurance, and participating life insurance. The company, through its subsidiaries, offers equity investment, micro finance, real estate development and medical services. NCI also acts as an agent for domestic and international insurance companies, provides insurance related consulting services, and conducts capital management operations. NCI is headquartered in Beijing, China.

Headquarters China

Address New China Life Insurance Mansion, Beijing, 100022


Telephone 86 10 85213233

No of Employees 34,434

Industry Financial Services

Ticker Symbol & Exchange 601336 (SHA)

Revenue (2021) $34.4B 7.6% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 4.6% (2021 vs 2020)

Market Cap* $10.7B

Net Profit Margin (2021) XXX -2.9% (2021 vs 2020)

* As of and is in US$

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on New China Life Insurance Co Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Products Services
Health Insurance Customer Service
Child Insurance Consulting Services
Accident Insurance Real Estate Development
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Corporate Awards The company was ranked 415th in fortune 500 by Fortune.
2021 Corporate Awards The company was ranked 356th among 2000 global public companies by Forbes.
2021 Corporate Awards The company secured 238th place among world’s top 500 most valuable brands in 2021 by World Brand Lab.
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Competitor Comparison

Key Parameters New China Life Insurance Co Ltd China Pacific Life Insurance Co Ltd China Life Insurance Co Ltd Sino-US United Metlife Insurance Co Ltd Ping An Life Insurance Company of China Ltd
Headquarters China China Taiwan China China
City Beijing Shanghai Taipei Shanghai Shenzhen
State/Province Beijing Shanghai Taipei Shanghai Guangdong
No. of Employees 34,434 - 6,440 - -
Entity Type Public Private Private Private Private
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Executives
Name Position Board Since Age
Li Quan President; Chief Executive Officer; Director Executive Board 2019 59
Zhang Hong Director; Vice President Executive Board 2021 57
Yang Zheng Vice President; Chief Financial Officer; Director - Asset Management Company Senior Management 2017 52
Gong Xingfeng Chief - Actuary; Secretary; Vice President Senior Management 2017 52
XU Zhibin Chairman Non Executive Board 2021 46
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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