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Last CNY35.93 CNY
Change Today -0.51 / -1.40%
Volume 38.9M
As of 11:29 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

16 Financial Street

Xicheng District

Beijing, 100033

China

Phone: 86 10 6363 3333

Fax: 86 10 6657 5722

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People’s Republic of China. Segments The company operates through Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business segments. Life Insurance segment The company offers life insurance and annuity products to individuals and groups. It markets individual life insurance products primarily through a distribution force comprised of approximately 743,000 exclusive agents operating in approximately 17,367 field offices throughout China, as well as other non-dedicated agencies located at branch offices of banks, banking operations of post offices and other organizations. The company offers group life insurance and annuity products to the employees of companies and institutions through approximately 19,000 direct sales representatives, as well as insurance agencies and insurance brokerage companies. Products The company offers life insurance and annuity products to individuals, providing a range of coverage for the whole length of a policyholder’s life. Its individual life insurance and annuity products consist of whole life and term life insurance, endowment insurance, annuities and universal life insurance. The company also offers group annuity products and group whole life and term life insurance products to enterprises and institutions. It also markets each group product as an independent product. The company offers both non-participating and participating products. There were approximately 130 million non-participating policies and 60 million participating policies, as of December 31, 2014, among which approximately 60 million non-participating policies and 40 million participating policies were sold to individuals. Whole Life and Term Life Insurance Non-participating whole life and term life insurance: The company offers non-participating whole life and term life insurance products. Non-participating whole life insurance products provide a guaranteed benefit, pre-determined by the contract, upon the death of the insured, in return for the periodic payment of fixed premiums over a pre-determined period. Non-participating term life insurance products provide a guaranteed benefit upon the death of the insured within a specified time period in return for the periodic payment of fixed premiums. Specified coverage periods range from 5 to 30 years or expire at specified ages. Term life insurance products are sometimes referred to as pure protection products, in that there are normally little or no savings or investment elements. Participating whole life insurance: The company also offers participating whole life insurance products, which are traditional whole life insurance policies that also provide a participation feature in the form of dividends. It offers participating whole life insurance products only to individual customers. Endowment Non-participating endowment products: Non-participating endowment products provide to the insured various guaranteed benefits if the insured survives specified maturity dates or periods stated in the policy, and provide to a beneficiary designated by the insured guaranteed benefits upon the death of the insured within the coverage period, in return for the periodic payment of premiums. Specified coverage periods range from 5 to 30 years or end at specified ages. Participating endowment products: The company also offers participating endowment products, which are endowment policies that also provide a participation feature in the form of dividends. The company offers endowment products only to individual customers. Annuities: Annuities are used for both asset accumulation and asset distribution needs. The company offers both non-participating and participating annuities. For non-participating annuity products, risks associated with the investments are borne entirely by the company. A significant portion of its non-participating annuity products imposes charges upon an early surrender or withdrawal of the contract. The company also offers participating group annuities. In its participating g

 

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601628:CH CNY35.93 CNY -0.51

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601628

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Valuation 601628 Industry Range
Price/Earnings 27.8x
Price/Sales 2.2x
Price/Book 3.4x
Price/Cash Flow 20.4x
TEV/Sales 1.1x
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