China Pacific Life Insurance Co., Ltd.
China Pacific Life Insurance Co., Ltd (CPIC Life in short) was formed on the basis of life insurance business of China Pacific Insurance Co., Ltd., which was founded on May 13th 1991, and is held by CPIC Group. The company was incorporated in November 11, 2001, headquartered in Shanghai and registered capital totaling RMB 2.3 billion. In 2007, the premium income of the company reached RMB 50.686 billion, ranking 3rd in China life insurance market with a share of 10.2%, according to data published by CIRC.
CPIC Life adheres to the core value of commitment to business integrity in pursuit of steady growth and performance excellence, dedicated to product and service innovation in meeting multi-tier needs of clients. The company currently has nearly 150 insurance products covering life, annuity, health, PA, etc. The company pays much attention to the construction of a brand featuring specialized and high-quality services, constantly improving the hotline system-95500 and the Emergency Assistance Service. An excellent corporate image has been established through fully fulfilling its insurance obligations, faithfully protecting the benefits of the insured and effectively performing the insurance functions such as economic compensation, financing and social administration.
The company has established a sales and services network covering almost the whole country. Distribution channels including agencies, direct sales and bancassurance have been growing steadily. By the end of 2007, the company has established 32 branches, 3260 key sub-branches, sub-branches and service centers. It employs 33,000 people and 175,000 sales agents nationwide. In addition, it has also built sound business partnership with a number of brokers and intermediary agencies.
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