China Life Insurance is a wholly state-owned, state-controlled and actually controlled financial enterprise, and the State Council and its authorized institutions are the investors of state-owned financial capital to perform the responsibilities of investors on behalf of the country. It is a super-large state-owned financial and insurance enterprise company, a fortune 500 enterprise, a fortune 500 brand in China, and a national vice-ministerial unit.
There are four major state-owned insurance companies in China:
1. China life insurance (group) company, full name of "China life insurance", is a state-owned super-large financial insurance enterprise, headquartered in Beijing, and one of the top 500 enterprises in the world;
2. China Reinsurance (Group) Co., Ltd., hereinafter referred to as "China Reinsurance", headquartered in Beijing;
3. China People's Insurance Group Co., Ltd., referred to as "China People's Insurance Company", is one of the top 500 enterprises in the world and one of the largest insurance companies in the world at present. The logo of the company is PICC； in English; ;
4. China Pacific Insurance (Group) Co., Ltd., referred to as "China Pacific Insurance", formerly known as China Pacific Insurance Company, is the second largest property insurance company in Chinese mainland after China Property Insurance, and the third largest life insurance company after China Life Insurance and China Ping An Insurance.