China Life Insurance Company

The China Life Insurance Company Limited (short China Life, Chinese: 中国人寿保险; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-based China-incorporated company that provides life insurance and annuity products. Key Dates: 1919: American Asiatic Underwriters (later AIG) is founded in Shanghai. 1929: Tai Ping Insurance Company is founded in Shanghai. 1931: China Insurance Company is founded in Shanghai. 1949: The Chinese government takes over all insu... More

The China Life Insurance Company Limited (short China Life, Chinese: 中国人寿保险; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-based China-incorporated company that provides life insurance and annuity products. Key Dates: 1919: American Asiatic Underwriters (later AIG) is founded in Shanghai. 1929: Tai Ping Insurance Company is founded in Shanghai. 1931: China Insurance Company is founded in Shanghai. 1949: The Chinese government takes over all insurance operations on the mainland, establishing People's Insurance Company of China (PICC). 1959: Insurance operations are abolished, except for foreign (marine and aviation) insurance needs, and PICC becomes a department of the central bank. 1979: Following the launch of economic reforms, PICC begins issuing non-life insurance policies. 1980: A joint venture is formed with AIG. 1982: PICC begins offering life insurance policies. 1988: The Chinese government licenses the first competing insurance companies. 1996: PICC is restructured as PICC...

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