भिडियो हेर्न तल को बक्समा क्लिक गर्नुहोस
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American Asiatic Underwriters (later AIG) is founded in Shanghai in china.
1929: Tai Ping {Insurance provider is|Insurance carrier is} founded in Shanghai.
1931: China Insurance Company is founded in Shanghai.
49: The Chinese government gets control all insurance {functions|businesses} on the mainland, {creating|building|developing} People's Insurance Company of China (PICC).
1959: Insurance {functions are|businesses are} abolished, except for foreign (marine and aviation) insurance needs, and PICC becomes a department of the central bank.
lates 1970s: Following the launch of {economical|monetary} reforms, PICC {commences} issuing non-life insurance {guidelines|plans|procedures}.
1980: A joint {endeavor is|opportunity is|enterprise is} formed with AIG.
1982: PICC {commences} offering life insurance policies.
1988: The Chinese government {permit|permits|entitlements} the first competing insurance companies.
1996: PICC is restructured as PICC Group, as a holding company for its life, reinsurance, and property operations.
99: PICC Group is {blended|mixed|wiped out} and replaced by four state-owned companies, including {Cina|China and tiawan|Chinese suppliers} Life Insurance.
2003: {Cina|China and tiawan|Chinese suppliers} Life goes public on the Hong Kong {Share|Inventory} Exchange and the Fresh York Stock Exchange in the world's {most significant|major} {general public|open public|general population} offering that year.
2005: China Life announces {the|their|it is} intention to diversify into asset management, brokerage services, and banking services {soon|in the future}.
China Life Insurance {Organization|Business|Firm} Limited is the {most significant|major} life insurer in the People's Republic of {Cina|China and tiawan|Chinese suppliers}. {The organization|The business|The corporation} offers individual life insurance, group life, {incident|crash|car accident} insurance, and health insurance policies. China Life {orders|codes|requires} 45 percent of that market, and holds the number one position in 29 of the country's 31 major markets--only Shanghai in china and Beijing, {in which the|where|the place that the} company nonetheless is and second, escape its dominance. {Created|Shaped|Produced} from the breakup of former government-owned monopoly {Householder's|Someones|Peoples'} Insurance Company of {Cina|China and tiawan|Chinese suppliers}, China Life is the only life insurance company in China with a national operating license, {that has|which includes|containing} permitted it to develop a network of more than 8, 000 field offices, 4, 800 {department|part|office} offices, 3, 000 customer service offices, and 87, 000 sales outlets in such locations as {banking institutions|banking companies|finance institutions}, post offices, hotels, {international airports|air-ports|airfields}, travel agents, and the like. The company's {practically} 67, 000 employees are complemented by a network of 650, 000 exclusive independent sales agents. The company also operates a "one-stop" 24-hour telephone sales and service hotline. {Collectively|Jointly|Along}, China Life serves more than 100 million {long lasting|long term} policy holders and more than 150 million {immediate|initial|interim} people, {creating|making} {practically} CNY 51 billion ($6. 2 billion) in net {rates|monthly premiums|payments} and policy fees in 2003. The group's total sales topped $9. 5 billion that year. {Cina|China and tiawan|Chinese suppliers} Life listed on the Hong Kong Stock Exchange and the New You are able to Stock Exchange {by the end|towards the end|at the conclusion} of 2003, raising $3. 5 billion in that year's {most significant|major} initial public offering (IPO). China has {suggested|mentioned} its intention to {increase|broaden|grow} into other financial areas, such as asset management, brokering, and banking.
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