China Life

China Life Insurance Co., Ltd. Beijing Branch is a branch of China Life in Beijing. The company consistently adheres to the operating philosophy of "lawful compliance and innovation-driven" and the service concept of "honesty and customer first", providing multi-field and all-round guarantee services to society. In 2018, the company achieved total premiums of 8.72 billion yuan, a year-on-year decrease of 7.9%. New policy premiums were 2.84 billion yuan, down 43.0% year-on-year; first-year regular premiums were 1.44 billion yuan, down 16.6% year-on-year; first-year regular premiums with a term of ten years or more were 610 million yuan, down 43.4% year-on-year; short-term insurance premiums were 1.33 billion yuan, up 3.5% year-on-year. Throughout the year, the total amount of various claims and benefits paid was 4.547 billion yuan. It has played an important role in safeguarding people's livelihood and health, ensuring the economic operation and social stability of the capital. While achieving rapid and healthy business development, the company's brand image has been continuously enhanced. In recent years, the company has been awarded titles such as "Standard Unit for Creating Civilized Industry in Capital Financial Industry", "Capital Civilized Unit", "Model of Capital Civilized Unit", Beijing "Tax Credit A-level Enterprise", and "A-class Unit Integrity Brand Enterprise" of China Quality Promotion. In 2018, the company was also selected by well-known media such as Beijing Youth Daily and The Beijing News as "Gold Brand Value Insurance Company" and "2018 Outstanding Insurance Brand Company".