China Life Insurance (Overseas) Company Limited ("China Life (Overseas) ") is the only overseas wholly-owned subsidiary of China Life Insurance (Group) Company, which is a major financial insurance enterprise. In 2024, China Life Insurance (Group) Company’s consolidated revenues surpassed RMB1.1 trillion, and its consolidated assets reached approximately RMB7.5 trillion.For 22 consecutive years, China Life Insurance (Group) Company has joined the ranks of Fortune Global 500 companies, and ranked 59th in 2024, with brand value of RMB 501.985 billion1. In 2016, China Life became the largest single shareholder of China Guangfa Bank, initiating a synergy layout among its insurance, investment, and banking businesses.
China Life (Overseas) has a rich heritage with its roots to be traced back to 1933, serving its customers for over 90 years. With the strong support from the Group Company, China Life (Overseas) becomes the largest Chinese insurer and Chinese institutional investor in Hong Kong, with consolidated assets of HKD 428.792 billion2. Deep-rooted in Hong Kong and Macau, China Life (Overseas) maintains strong business ties with Mainland China while expanding to Southeast Asia, with a wide range of business in life insurance, investment and Mandatory Provident Fund (MPF). China Life (Overseas) is committed to providing its customers with high-quality products and services in life protection, savings and annuities. Stationed at China Life Centre in Hung Hom, Hong Kong, China Life (Overseas) established 7 main branches and subsidiary companies, including Hong Kong Branch, Macau Branch, China Life Trustees Limited, Singapore Subsidiary, Indonesia Subsidiary, Fintech Centre, and China Life International Financial Academy.
China Life (Overseas) is assigned an "A1" insurance financial strength rating by Moody's 3, and an "A" long-term local currency issuer credit rating and insurer financial strength rating by Standard & Poor's4 .
About Macau Branch
Established in April 1989, the Macau Branch operates primarily in life insurance, group medical insurance, and pension schemes. We have forged strong partnerships with 14 banks and 7 intermediary agencies and brokerage firms, while also delivering comprehensive services through a dedicated team of over 150 insurance agents5. In 2018, the company was designated as one of the first Mandatory Provident Fund Scheme Administrators. Our pension services now cater to major clients including large Chinese-funded groups, large-scale associations, banks, universities and colleges. Undergoing a strategic shift toward high-value services since 2022, the Branch achieved a milestone in 2024 with gross premiums exceeding MOP 13.3 billion6, maintaining its leading position in Macau’s life insurance market.
1 Source: "Top 500 Most Valuable Chinese Brands" 2024 by World Brand Lab
2 As of 31 December, 2024
3 As of 11 February 2025, Moody’s has assigned an "A1" insurance financial strength rating to China Life Insurance (Overseas) Company.
4 As of 18 December 2024, Standard & Poor's has assigned an "A" long-term local currency issuer credit rating and insurer financial strength rating to China Life Insurance (Overseas) Company Limited.
5 As of June, 2025
6 Source: Insurance Activity Provisional Statistics Reports of AMCM（Quarterly, 2024）