China Life Insurance (Overseas) Company Limited

Hong Kong · Insurance

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 19 consecutive years, China Life, the parent company, has joined the ranks of Fortune Global 500 companies, and ranked 32 in 2021, with a brand value exceeding RMB436.672 billion*. China Life (Overseas) currently has presence in Hong Kong, Macau, Singapore and Indonesia. The Hong Kong branch was established in 1984, the Macau branch opened in 1989, while China Life Trustees Limited was set up in 1995. In recent years, the company successfully expanded its footprint into Southeast Asia, establishing a Singapore subsidiary as well as the Indonesia subsidiary in 2015 and 2018, respectively. In 2020, China Life (Overseas) had a total premium income exceeding HKD68.9 billion. With a total asset value exceeding HKD456.3 billion**, the business covers life insurance and provident fund services, providing customers with professional, high-quality products and services. China Life (Overseas) is assigned an "A1" insurance financial strength rating by Moody's ^, and an "A" long-term local currency issuer credit rating and insurer financial strength rating by Standard & Poor's #. * Source: "Top 500 Most Valuable Chinese Brands" 2021 by World Brand Lab ** As of 31 December 2020 ^ As of 31 December 2021 # As of 19 December 2021 China Life Insurance (Overseas) Company Limited (incorporated in the People's Republic of China with limited liability)