No, Xinhua Life Insurance is a commercial insurance company. The full name of "new china life insurance co Co., Ltd." was established in September, 1996. It is a national large-scale life insurance company, and its product system covers traditional guaranteed products and new life insurance products. The main shareholders of the company are central huijin Investment Co., Ltd., Baosteel Group Co., Ltd. and Swiss Reinsurance Group. Xinhua Asset Management Co., Ltd. is owned by Xinhua Life Insurance. ..
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.