China Life is one of the oldest insurance companies in New China. China Life has always been the explorer, pioneer and leader of the insurance industry in China. The 60-year journey has opened up the road of scientific development with the characteristics of China Life Insurance, and it is also a microcosm of the 60-year development and reform of the insurance industry in New China.
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.
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.
Second, resume development.
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.
Third, professional management.
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.
Fourth, restructuring.
1March, 1999, PICC Life Insurance Co., Ltd. was renamed as China Life Insurance Company. In order to actively respond to the challenges brought by China's entry into WTO, in 2000, China Life made a major decision to reform the shareholding system and established the development direction of establishing a modern enterprise system.
The year 2003 is an important milestone in the history of China's life development. In June this year, China Life Insurance Company was reorganized into China Life Insurance (Group) Company, and China Life Insurance Co., Ltd. was established exclusively.
65438+February 17 and 18, China Life Insurance Co., Ltd. successfully listed in new york and Hongkong respectively, creating the largest IPO in the world that year. The success of reorganization and listing indicates that China Life has entered a new era with more brilliant prospects.
Extended data
China Life insists on using the soul of "culture" to unite people and lead development. With "life insurance is a choice without regrets", "be yourself, be an adult" and "operate with care and serve with integrity" as the core concepts, a healthy and progressive corporate culture inspires generations of people living in China to make progress and strive for strength.
As the main business of China Life Insurance, life insurance service is undertaken by China Life Insurance Co., Ltd., and its business scope covers all fields of life insurance such as life insurance, personal accident insurance, health insurance and annuity.
As the largest professional life insurance company in China and the largest life insurance company in the world by market value, China Life adheres to the belief of "winning by professionalism and sincerity" and strives to repay the support and trust of our customers through "warm, standardized, accurate and convenient" service.
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 enterprise in China to be 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.
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Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.