China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) is a wholly-owned subsidiary of China Life Insurance (Group) Company, China’s largest financial insurance corporation. For 15 consecutive years, China Life, the parent company, has joined the ranks of Fortune Global 500 companies, and ranked 51 in 2017, with brand value exceeding RMB 287.1 billion1.
China Life (Overseas) currently has presence in Hong Kong, Macau and Singapore. The Hong Kong branch was established in 1984, and the Macau branch opened in 1989. In 2015, the company successfully extended its business coverage to the Southeast Asia region and established a Singapore subsidiary. As of 2017, China Life (Overseas) total premium income exceeded HKD70 billion. With a total asset value exceeding HKD300 billion2, our business covers three main categories, including life insurance, investment and provident fund services. We strive to provide customers with high-quality products and professional services.
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's 4.
1 Source: ‘Top 500 Most Valuable Chinese Brands’ 2017 by World Brand Lab
2 As of 31 December, 2017
3 As of 22 November, 2017
4 As of 30 January, 2018
About Macau Branch
China Life Insurance (Overseas) Company Limited Macau Branch was established in 1989. Its main business scope covers life insurance, group medical insurance, and provident public fund. It has 12 agent banks and 126 branches (64% Market Coverage). In 2017, the total assets were 48.2 billion patacas, among them were the life insurance premiums 11.4 billion patacas, and the market share was 54%. The main customers included large Chinese-funded groups, large-scale associations, banks, universities and colleges.