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Business description and Products

China Life provides a wide range of life insurance products and related services, including individual traditional life insurance, individual injury insurance, individual health insurance, group insurance, annuities, and investment-linked insurance. Meanwhile, the Company manages the funds by regulatory requirements to invest in securities, real estate, overseas markets, and loans.

Individual life insurance

Individual life insurance includes endowment, pure endowment, term life, and whole life insurance, which provides the coverage for survival benefit, death, or disability benefit during the policy period.  

Individual injury insurance

Individual injury insurance provides the coverage for injury, disability, or death in accidents.  

Individual health insurance

Individual health insurance plan provides compensation for medical and surgical expenses from illness or accidents.  

Interest sensitive annuity

Interest sensitive annuity is a good tool for policyholders to do wealth management and retirement plans. The cash value of annuities will be accumulated base on declared rate in the deferral period, and annuities will be paid at the beginning of payment periods.  

Annuity

Annuity is a good tool for policyholders to do wealth management and retirement plans. The cash value of annuities will be accumulated in the deferral period, and annuities with guaranteed amount or tenors will be paid at the beginning of payment periods.

Travel insurance

Travel insurance provides the coverage of unexpected illness or death by accident while traveling.

Investment-linked insurance

Investment-linked insurance plan combines investment and protection, part of the premiums will be invested in a wide range of investment choices.

Group insurance

Group insurance plan provides term-life, injury insurance, or health insurance for the employees of enterprises or members of associations.

Universal life

Universal life insurance plan provides the flexibility of premium payment; the  insured amount can be altered as a policyholder‘s circumstances change. Besides, policyholders can use the saving element to accumulate cash value for retirement plans and wealth management.