Taiping Life Insurance Co., Ltd. Jiangxi Branch

Taiping Life Insurance Co., Ltd. (hereinafter referred to as "Taiping Life") is affiliated with China Taiping Insurance Group Co., Ltd. (hereinafter referred to as "China Taiping"). The company is headquartered in Shanghai and is one of the medium-to-large life insurance enterprises in China. China Taiping is a centrally managed financial and insurance group with its management headquarters in Hong Kong and has been listed in the Fortune Global 500 for three consecutive years.
Entering the new era, China Taiping adheres to the strategic orientation of "what the country needs, Taiping pursues," establishes a new internationalization strategy, strives to build an internationally competitive modern financial and insurance group, actively engages in strategies such as Healthy China, Beautiful China, and Innovative China, actively participates in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the implementation of the "Belt and Road" Initiative, promotes Hong Kong's long-term prosperity and stability, and works together with the nation, customers, partners, shareholders, employees, and all sectors of society to realize the beautiful vision of "Sharing Taiping." Relying on the group's comprehensive and diversified business platform, Taiping Life continuously expands its service channels and methods including individual agency, bank and postal agency, service expansion, telephone sales, online sales, and brokerage agency, providing various types of insurance products covering life, accident, health, annuity, and more, offering customers comprehensive insurance protection and one-stop, all-inclusive financial and insurance services.
As of June 2020, Taiping Life had a registered capital of 10.03 billion yuan, total assets exceeding 600 billion yuan, and valid insurance amounts at period-end exceeding 35,000 billion yuan. Its service network basically covers the entire country, having established 37 branches and more than 1,100 tier-three and lower-level institutions, serving cumulatively over 53 million customers, with total claims payments and survival benefits exceeding 120 billion yuan. In 2020, Fitch Ratings assigned Taiping Life an "A+" (Strong) financial strength rating for the fifth consecutive year, with a "Stable" outlook. Meanwhile, in the results of the insurance industry's "Trinity" regulatory evaluation system published in 2019, Taiping Life received an A rating for corporate institution operational evaluation, AA rating for service evaluation, and A rating for comprehensive risk rating.
In terms of business development, Taiping Life consistently adheres to a customer-centric, value-driven growth approach and actively invests in the development of protection-type products. In response to customers' differentiated and personalized protection needs, it has launched a series of insurance products with high cost-effectiveness and diversified liability provisions. Through product combinations and iterations, it has basically formed a product system and protection solutions covering customers' entire life cycle. With the continuous optimization of business structure, the company's core business and new business value continue to develop healthily, and business quality remains at a top level.
In terms of industrial layout, Taiping Life fully leverages its resource advantages to promote the "parallel advancement" of two major fields: health management and elderly care industry — building health management centered on "Taiping Joyful Health" and vigorously promoting elderly care communities under the "self-owned + third-party cooperation" model. With first-class closed-loop services, it creates a full-industry ecosystem of "insurance + health + medical care" to create an excellent customer experience.
In terms of innovation-driven development, Taiping Life accelerates insurance technology empowerment, from Taiping private cloud, big data, and cloud computing to artificial intelligence, focusing on integrating technology resources, transforming the company's information architecture "from pieces into a whole," and building an efficient business support and operations service platform. It arms its sales force with technological means, builds the "Taiping Baobao" agent-side online and offline insurance service closed loop, enhances agent productivity with technological power, and achieves stronger business support and richer customer experience. It has self-developed and launched functional modules such as mobile insurance application, intelligent dual recording, mobile policy servicing, and instant claims, comprehensively achieving intelligent operations and services.
"What the country needs, Taiping pursues." As a member company of a centrally managed insurance group, Taiping Life actively transforms the concept of "Sharing Taiping" into social responsibility, advances tax-advantaged health and tax-deferred pension businesses, participates in public welfare projects such as education and medical care, health and environmental protection, poverty alleviation, and disaster relief, and while winning the support of customers, employees, and society, enhances its brand image and corporate reputation.