Top 2th bigges Insurance Companies in the World 2015 | China life Insurance

China Life Insurance Company and its subsidiaries form the largest commercial insurance group in Mainland China. It is also one of the largest institutional investors in China’s Capital market. Company headquartered in Beijing is one of the large state-owned financial and insurance companies. Company founded as PICC in 1996 was renamed as China life Insurance Company in 1999. The China Life Insurance Group holds China life insurance Company Limited, China Life Asset Management Company limited, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited, and Insurance professional college as its subsidiaries.

Its business covers life coverage, property & loss protection, benefits plans (corporate annuity), resource administration, mechanical venture and abroad operations. The Company works through 3 fragments: Individual Life Insurance, Group Life Insurance and Short Term Insurance. The Individual Life Insurance fragment gives lifetime protection items to individual customers by offering partaking and non-taking an interest life coverage and annuities to people. The Group Life Insurance fragment offers protection and speculation contracts to gathering substances by offering taking part and non-partaking life coverage and annuities items to organizations and foundations. The Short-term Insurance fragment offers fleeting mishap protection and wellbeing protection to people and gatherings. The organization positions at 66 in the Forbes worldwide 2000 rundown for 2015.

Revenues (FY13): $ 67.9 Billion

Net Profit (FY13): $4 Billion

Market Cap (Q1-14): $80 Billion