Introduction to China's Life History:
The history of China Life Insurance can be traced back to the life insurance business handled by the former People's Insurance Company of China, which was established on June 20th. 1949. Just 20 days after the founding of New China, with the approval of the Central People's Government, China People's Insurance Company, a unified national insurance institution, was established, with a life insurance department.
There are two kinds of personal insurance in the early days of the People's Republic of China: compulsory insurance mainly includes accidental injury insurance for railway, ship and air passengers, and voluntary insurance is divided into employee group personal insurance and simple personal insurance. By 1958, the personal insurance premium income was 1.4 1 100 million yuan, 3 million people participated in workers' group personal insurance and 1.8 million people participated in simple personal insurance, which played a positive role in stabilizing people's lives.
1958 10 The Xi 'an Finance and Trade Work Conference held in the State Council proposed: "After the People's Commune, the role of insurance work has disappeared, and domestic insurance business should be stopped immediately." From 65438 to 0959, life insurance business and other domestic insurance businesses entered a state of complete suspension.
After the Third Plenary Session of the Eleventh Central Committee,1April, 1979, the State Council approved the minutes of the governor's meeting of the People's Bank of China, and made a major decision of "gradually restoring domestic insurance business". In June 165438+ 10, the National Insurance Work Conference was held in Beijing, officially announcing the resumption of domestic insurance business after a 20-year interruption, and the insurance industry in China ushered in a brand-new development period.
1982 resumed life insurance business on the basis of the first recovery of property insurance business. The great practice of China's reform and opening up and the establishment and perfection of the socialist market economic system have provided a strong impetus for the development of the insurance industry. From 1982 to 1995 13 years, life insurance business grew at an average annual rate of 40%.
1995, the first insurance law of China was born. 1996, according to the requirements of the Insurance Law on the separate operation of property insurance and life insurance, on the basis of inheriting all the life insurance business of the former People's Insurance Company of China, 17 local life insurance company was reorganized and PICC Life Insurance Co., Ltd. was established, which entered the era of specialized operation.
The introduction and full implementation of personal marketing system has promoted the rapid development of the company. From 1996 to 1998, the marketing team has grown from more than 40,000 to 200,000, and the premium income has increased from 654.38+09.2 billion yuan to 54 billion yuan, making it the largest insurance company in China.
1March, 1999, PICC Life Insurance Co., Ltd. was renamed as China Life Insurance Company, and became a first-class legal person wholly owned by the state, directly under the State Council. At this point, China Life officially entered the financial and insurance market in China independently, providing various life insurances for hundreds of millions of people in China, and shouldering the important functions of serving economic development and maintaining social stability.
China Life Insurance (Group) Company, since its reorganization in 2003, has embarked on a journey of collectivization in order to adapt to the development trend of comprehensive financial management.
In 2003, China Life Asset Management Co., Ltd. was established by a joint venture between a group company and a life insurance company.
In 2006, the new leadership of China Life studied and formulated the group development strategy of "strengthening the main business and diversifying moderately". At the end of 2006, property insurance companies and pension insurance companies were established one after another. At the same time, the reforms of overseas companies, China Life Investment Company and Insurance College have basically been completed, and the largest insurance group in China, which integrates life insurance, property insurance, enterprise annuity, asset management, industrial investment and insurance education, has begun to take shape.
On June 9, 2007, 65438+, life insurance companies successfully returned to A shares in Shanghai. Since then, China Life has become the first financial and insurance company listed in three places at home and abroad. With the return of A-shares, under the development strategy of "strengthening the main business and moderately diversifying", China Life has established the goal of building a top international financial and insurance group, defined the scientific development path with the characteristics of China Life, and put forward the strategic requirements for comprehensively improving its comprehensive management ability. China Life's road to sound and rapid development, becoming bigger, stronger and better is getting wider and wider.
China Life Product Introduction:
China Life Insurance mainly deals with life insurance (life insurance), health insurance (critical illness insurance, medical insurance), accident insurance (accident insurance), wealth management insurance (annuity insurance) and property insurance (auto insurance). ). The more popular products are: China Life Series, Corning Series, Fulu Xinzun and so on. Some main products are shown in the figure:
Refer to the above information: Baidu Encyclopedia-China Life Insurance (Group) Company.