China Life Insurance (Group) Company is a state-owned financial and insurance company headquartered in Beijing. It was established in 1949 as PICC and later renamed China Life Insurance Company in 1999. It has subsidiaries including China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property & Casualty Insurance Company Limited, and others. The company's activities cover life insurance, property & casualty insurance, pension plans, asset management, alternative investment, overseas operations, and e-commerce. China Life Insurance (Group) has made capital-link investments in several banks, security firms, and non-financial institutions.