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China:

Taiping Life Insurance Co., Ltd.

Taiping Life Insurance Co., Ltd. is one of the oldest insurance companies in China. It was originally founded in 1929 and sponsored by Kincheng Banking Corp., the most important private bank at the time in Old China. Establishing more than 990 branches throughout China and Southeast Asia, Taiping achieved tremendous growth and became one of the largest insurance corporations in China, until the domestic insurance sector was nationalized in 1949. In 2001, Taiping resumed its business in mainland China with approval from both the State Council of the People's Republic of China and the China Insurance Regulatory Commission (CIRC).

Headquartered in Shanghai, Taiping Life was one of the first companies to be granted a nationwide license allowing it to write group insurance in Mainland China. Taiping Life is also considered one of the fastest-growing life insurance companies in China.

Taiping Life is a joint-venture between three organizations: China Insurance (Holdings) Company Ltd. and China Insurance International Holding Company Ltd., both headquartered in Hong Kong, and Fortis, a financial services company based in the Benelux region.

From 2003 to 2009, Taiping Life had a credit rating of BBB+ from Fitch International. In 2010, Fitch upgraded Taiping Life's credit rating to A-. This is the highest credit rating awarded according to international standards to an insurance company in China.

Taiping Life offers a complete line of life, medical, and retirement products for the Chinese market, backed by state-of-the-art computer systems and a skilled staff of insurance professionals.

Taiping Life has been an IGP Network Partner since 2003.

Key Products


Life


  • Life
  • Accidental Death & Dismemberment

Medical


  • Accident Medical Expense Rider
  • Critical Illness
  • Hospital Allowance
  • Inpatient and Outpatient Expense Riders
  • Maternity
  • Overseas Medical Assistance
  • Overseas Medical Expense Riders
  • Worldwide Health Care Plan

Pensions


  • Participating Group Annuities
  • Participating Group Pensions
  • Enterprise Annuity
  • Entrusted Management Pension Plans

Other


  • VIP Medical Services
  • International SOS
Taiping Life Insurance Co., Ltd. is located on the internet at: www.tplife.com
(Information not available in English.)