Taiping Life Insurance Co.,Ltd

Taiping Life Insurance Company Limited

Taiping Life Insurance Company is affiliated to China Taiping Insurance Group Co., Ltd. (hereinafter referred to as "China Taiping"), which is one of the large and medium-sized life insurance companies in China. Headquartered in Shanghai, the company has a registered capital of 10.03 billion yuan and total assets of over 600 billion yuan. With the financial performance of TPL, the company has been rated as "a +" (strong) financial strength by Fitch international for five consecutive years. At the same time, in the results of the "three in one" regulatory evaluation system for the insurance industry published in 2019, TPL's corporate operation evaluation, service evaluation and comprehensive risk rating are Grade A, AA and grade a respectively. At present, Taiping Life has set up 37 branches and more than 1100 tertiary and below institutions, and its service network basically covers the whole country. China Taiping is a Hong Kong based Zhongguan finance and insurance group, which has been selected as one of the world's top 500 companies for three consecutive years. China Taiping adheres to the development orientation of "national needs and Taiping direction", establishes the development strategy of the new era, strives to build an international modern financial and insurance group with global competitiveness, and works with the state, customers, partners, shareholders, employees and all walks of life to realize the beautiful vision of "sharing Taiping".

Brand history

Twentieth Century

1929

Jincheng bank established Taiping Shuihuo insurance company in Shanghai.

1934

Taiping Insurance Company set up a life insurance department.

1938

Taiping Life Insurance Co., Ltd. was formally reorganized by the life insurance department.

1951

It has more than 990 branches at home and abroad.

1956

According to the national policy adjustment, suspend domestic business and shift the focus of business to overseas.

1956

According to the national policy adjustment, Taiping Insurance Company suspended its domestic business, moved its headquarters to Beijing, no longer set up branches in China, and specialized in overseas insurance business. Its main tasks are to strengthen the leadership of foreign branches, actively carry out foreign business, serve overseas Chinese, and accumulate foreign exchange funds for the country.

1958

According to the relevant resolutions of the central government at that time, the domestic insurance business was completely suspended, and the development of domestic insurance business was basically interrupted.

twenty-first century

May 2001

The company began to resume business.

October 2001

To become a pilot unit of state-owned enterprise reform, officially named Taiping Life Insurance Co., Ltd

November 30, 2001

After the acceptance and approval of China Insurance Regulatory Commission, the company resumed business.

December 5, 2001

Taiping Life announced the resumption of business, and the Shanghai business headquarters officially sold the insurance policies.

December 19, 2002

Launched the first "bank insurance link" system in China.

December 2002

The first year's premium income was 1.812 billion yuan.

March 14, 2003

Signed cooperation agreement with IGP.

May 6, 2003

The headquarters of the company moved to Taiping Life Building, 1399 Minsheng Road, Pudong New Area, Shanghai.

September 6, 2003

The first business elite summit was held in Jinggangshan, Jiangxi Province.

October 2003

The registered capital increased from 500 million yuan to 1 billion yuan.

October 23, 2003

Fitch, an international authoritative rating agency, gave TPL BBB + rating.

2003

The company's premium income was 3.3 billion yuan, and its market share exceeded 1%, realizing leapfrog development.

September 2004

The new visual image (VI) system of TPL was officially launched.

September October 2004

The first "Taiping Life Cup" dream Olympic National Children's painting competition was held.

August and November 2004

The shareholders of Taiping Life Insurance increased the registered capital of the company twice, from 1 billion yuan in October 2003 to 2.33 billion yuan.

October 2004

The enterprise resource management (ERP) system of Taiping Life Insurance Company was officially put into operation.

October 25, 2004

The second business elite summit of TPL was held in Hong Kong.

November 30, 2004

Taiping Life Insurance and Taiping Life Insurance jointly held the 75th Anniversary Photo Exhibition of historical materials at the China Millennium Monument in Beijing.

December 2004

"95589" national unified customer service number application is successful.

2004

The company's premium income exceeded 6.6 billion yuan, and its market share exceeded 2%.

2004

He was rated BBB + by Fitch for the second time.

Early 2005

The company won the title of "top ten influential insurance brands in China in 2004".

January 26, 2005

Taiping Endowment Insurance Co., Ltd. officially opened.

June 2005

The individual life insurance policy with the insured amount of 50.395 million yuan has created a new record of the insured amount of domestic individual life insurance, which is known as "the first individual life insurance policy in China".

September 2005

It has obtained the ISO9001:2000 quality management system certification of "providing new contract insurance service" issued by BSI.

October 25, 2005

The customer service system has obtained the BSI (British Standards Institute) ISO9001:2000 quality management system certification.

November 2005

For the third time in a row, it won the BBB + rating from Fitch.

November 2005

It is the first to launch "smart SMS service" in China.

November 2005

The "automatic verification system for new contract insurance rules" was officially put into operation, announcing the formal establishment of the "entry review underwriting" fully automated processing process for new contract of TPL.

November 29, 2005

Taiping Life Insurance won the award of "top 100 employers in ten industries (financial industry)" after the "2005 China Human Resources annual award" was announced.

December 22, 2005

The head office and branch of Taiping Life Insurance Co., Ltd. started the continuous disaster recovery exercise of operation. The exercise is the first operational disaster recovery exercise in China's insurance industry, and fills another gap in China.

March 2006

Taiping Life Insurance Company paid for the first death case of avian influenza in China's insurance industry.

April 13, 2006

The third business elite summit of TPL was held in Shanghai.

May 2006

Taiping Life insurance claims service has passed ISO9001:2000 quality management system certification.

September 2006

Taiping Asset Management Co., Ltd. officially opened.

October 2006

Taiping Life Insurance won the first Asian Geely formula International Open (AGF) championship in Beijing.

November 2006

Taiping Life Insurance Service has passed the ISO9001:2000 quality management system certification of BSI (British Standards Institute).

2006

Taiping Life Insurance achieved the balance of the two differences under the Hong Kong accounting standards, and made a profit of RMB 352 million under the Hong Kong accounting standards in the current year.

January 2007

"Hand in hand, heart in hand, touching Taiping -- the fifth anniversary celebration of Taiping Life Insurance's resumption of business" held in Shanghai

June 2007

The "angel fund of Taiping Life" project in cooperation with the Red Cross Foundation of China was launched in Beijing

In July 2007, the operation service officially launched the 6 Sigma project

July 2007

Won the title of "brand China Golden score Award - Top 10 brands in China (Finance) industry of the year"

July 2007

Become the designated insurance service provider of 2007 World Summer Special Olympic Games

September 2007

Selected into "2007 Top 500 Chinese enterprises" and "2007 Top 500 Chinese service enterprises"

November 2007

Top ten insurance companies in the first financial brand value list of 2007

November 2007

Approved to purchase foreign exchange and invest in Hong Kong stock market

December 2007

The total assets exceeded 46 billion yuan and the number of customers exceeded 6 million, both of which set a new record

December 2007

The annual premium of new contracts exceeded 13 billion yuan, with a total premium of 15 billion yuan, firmly standing on the "double 10 billion" platform

April 2008

The 5th business elite summit was held in Bali, Indonesia, and nearly 500 excellent salesmen from 30 branches across the country were commended

May 2008

After the Wenchuan earthquake in Sichuan Province, the "earthquake relief emergency command center" was established for the first time to launch the emergency plan, launch the "claim settlement without insurance policy" service, and provide the national insurance and compensation service

August 2008

Selected into "2008 top 500 Chinese enterprises" and "2008 top 500 Chinese service enterprises", ranking higher than 2007

December 2008

The annual new contract premium exceeded 15.5 billion yuan, the total premium reached 19 billion yuan, the total assets exceeded 60 billion yuan, and the number of customers exceeded 8 million, which was even under China's accounting standards

April 2009

The sixth business elite summit of TPL was held in the Great Hall of the people in Beijing

September 2009

China's top 500 enterprises and China's top 500 service enterprises for the third consecutive year

November 2009

Ranked 9th in top 100 Asian life insurance companies and 5th in China

December 2009

80th anniversary celebration of Taiping brand held in Beijing

Premium development

The development of premium income of TPL from 2005 to 2012 is as follows:

Top 10 premium income in 2012:

characteristic

A small amount of investment can get high security

Insurable interest: provide death protection, the insured in the additional insurance contract