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China Life Insurance Co (China Life Insurance Co) Cash Receipts from Deposits by Banks and Customers


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What is China Life Insurance Co Cash Receipts from Deposits by Banks and Customers?

Cash Receipts from Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


China Life Insurance Co (China Life Insurance Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (OTCPK:CILJF) » Definitions » Cash Receipts from Deposits by Banks and Customers
Traded in Other Exchanges
Address
No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033
With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.