Taiping Life Insurance Co Ltd - Company Profile
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Taiping Life Insurance Co Ltd (TPL), a subsidiary of China Taiping Insurance Holdings Company Limited (CTIHCL), is a provider of a range of life insurance products in China. It offers universal life insurance, unit-linked insurance, whole life insurance, annuity insurance, and endowment life insurance. The company also offers adult insurance, children's insurance, accident insurance, and medical insurance. Furthermore, it offers group annuity insurance and group employee benefit plans. The company offers claims and advisory services. TPL distributes its products through a network of brokers, individual agents, banks, and a direct marketing team catering to individuals and corporate clients. TPL is headquartered in Shanghai, China.
Headquarters
China
Address
Room 2801, 2803A, 2804, Taiping Finance Building, 488 Yincheng Middle Road, Shanghai City, 200120
Website
life.cntaiping.com/
Telephone
86 21 50614888
Industry
Financial Services
Revenue (2022)
$28.3B
Taiping Life Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Term Life Insurance | Advisory Services |
| Whole Life Insurance | Claims Services |
| Critical Illness Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In May, the company acquired 6.33% stake in China Zheshang Bank. |
| 2022 | Contracts/Agreements | In September, China Taiping and Bank of China signed a strategic partnership agreement to give full play to their respective advantages, deepen and solidify cooperation to achieve win-win results. |
| 2020 | Others | The company was affirmed with financial strength rating of “A+” with stable outlook by Fitch. |
Competitor Comparison
| Key Parameters | Taiping Life Insurance Co Ltd | New China Life Insurance Co Ltd | China Life Insurance Co Ltd | Anbang Life Insurance Co Ltd | Funde Sino Life Insurance Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | China | China | Taiwan | China | China |
| City | Shanghai City | Beijing | Taipei | Beijing City | Shenzhen |
| State/Province | Shanghai | Beijing | Taipei | Beijing | Guangdong |
| No. of Employees | - | 32,564 | 6,571 | - | - |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wang Sidong | Chairman | Executive Board | 2021 | - |
| Cheng Yonghong | General Manager; Director | Executive Board | 2019 | - |
| Peng Xianmin | Chief Risk Officer | Senior Management | - | - |
| Zheng Qinghong | Deputy General Manager | Senior Management | 2012 | - |
| Ouyang Jiahao | Financial Controller | Senior Management | 2015 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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