PICC

PICC Life Insurance Co., Ltd. (abbreviated as PICC Life), is a national life insurance company initiated and established with the approval of the State Council and the China Insurance Regulatory Commission, with PICC Group (abbreviated as PICC) as the main sponsor. The company's headquarters is located in Beijing, with a registered capital of RMB 20,133,405,131 and total assets of nearly RMB 250 billion. Its main businesses include life insurance, health insurance, accident insurance, personal reinsurance, and investment business. PICC is the first association of the Chinese public with insurance, a representative of the outstanding brand image of China's insurance industry internationally, the only domestic insurance partner for the 2008 Beijing Olympic Games, the global insurance partner for the 2010 Shanghai World Expo, and the insurance partner for the 2010 Guangzhou Asian Games. In 2009, PICC was selected into the Fortune "Global 500" of the United States, ranking 371st. Wu Yan, Chairman of PICC Life, and Li Liangwen, President, were both selected as "Top Ten Figures in China's Insurance Industry in 2008" and "60 Influential Figures in China's Insurance Industry in the 60 Years of New China" in 2009. In the second and third "Golden Shell Awards" financial product evaluations, the company was elected as the "Best Design and Innovation Team" in 2008 and the "Best Risk Control Team" in 2009. On August 18, 2009, in the large-scale selection activity of "60 Brands Driving China's Economy and Influencing People's Lives - Celebrating the 60th Anniversary of New China" organized by CCTV and other central media, PICC Life was rated as one of the "60 Outstanding Brands of the 60th Anniversary of New China", becoming the only selected enterprise in the insurance industry. In 2010, the company was successively awarded by authoritative central media as "China's Top 10 Most Trustworthy Insurance Companies in 2009", "Most Growth-Oriented Insurance Brand in 2009", "Fastest Growing Enterprise in 2009", "Most Potential Insurance Company in 2009", "Zhejiang Businessmen's Most Trusted Insurance Company", "Most Growth-Oriented Life Insurance Company in 2010", "Netizens' Most Trusted Insurance Company in 2010", "Best Growth Brand in Insurance Industry in 2010", "Innovation Award in Insurance Marketing in 2010", and other honorary titles. In January 2010, the PICC Life Jinding Fugui product won the crown of "2009 China's Top 10 Best Financial Products" with its strong market competitiveness, customer-oriented development concept, and value-rich financial features. In March 2010, at the fifth "China Public Wealth Management Annual Conference" award ceremony held in Beijing, the company's "PICC Life Harmonious Life Whole Life Insurance (Universal Type) A" won the "2009 Most Value-Added Innovative Insurance" award. In March 2011, at the sixth "China Public Wealth Management Annual Conference" held in Beijing and the "2010 China's Most Trusted Insurance Products" award ceremony, "PICC Life Fuman Renjian Endowment Insurance (Dividend Type)" won the honorary title of "Most Valuable Dividend Endowment Insurance in 2010". At present, the company has sales and service institutions in 34 provinces, municipalities, and autonomous regions, 275 prefecture-level cities, 1,642 counties and urban districts, and nearly 60,000 bank outlets, meeting customers' comprehensive insurance needs. The company provides comprehensive, convenient, and efficient services to customers through multi-channel service networks including individual insurance, bank-postal agency, group insurance, interactive business, e-commerce, 4008895518 customer hotline, SMS platform, portal website, e-commerce, customer service stores, and policy service personnel. In 2009, the company's premium income was RMB 53.1 billion, maintaining the 6th position in the industry, with a year-on-year growth of 76%, ranking first among large and medium-sized insurance companies in growth rate. In 2010, the company's premium income reached RMB 84.5 billion, a year-on-year increase of 60%, and total assets exceeded RMB 186 billion, making it the fastest-growing and most promising life insurance company in the market in recent years. In recent years, PICC has actively fulfilled its corporate social responsibilities, carried out extensive charitable and public welfare activities, and gained significant social attention and influence. It has successively won honorary titles such as "China Charity Award", "Top 50 Public Welfare Enterprises in China", "Pioneer in China's Livelihood Actions", "People's Social Responsibility Award", "Outstanding Contribution Award in the Financial Industry", "Outstanding Corporate Citizen of the Fifth China in 2009", "Volunteer Service Contribution Award", and "Financial Social Responsibility Award", ranking among the top in the "2009 China Charity Ranking".