First Insurance Policies for Underprivileged Households: China Life Continues to Promote Microinsurance
Taipei, 13 September 2021 – Despite the pandemic, China Life’s care for the society continues. In order for the economically underprivileged to be covered by insurance policies, China Life works with Tainan City government and Tainan-based Xiu Feng Gung Ji Charity Foundation for the second straight year to promote microinsurance services via donating insurance premiums, helping more than 10,000 people to be protected by insurance policies. Therefore, China Life received a certificate of appreciation again for the campaign, as the move has embodied the spirits of financial inclusion and treating customers fairly. China Life says it is currently cooperating with many local governments across Taiwan to jointly provide micorinsurance services, with an aim of bringing about protection, care and assistance to economically underprivileged households. China Life hopes the economic impact on these households can be lessened should any emergencies occur, with the microinsurance policies exhibiting the value of insurance of helping people in emergencies.
China Life’s Digital Transformation Helps Agents Achieve New Sales Records Amidst the Post-pandemic Era
Taipei, 9 September 2021 – The COVID-19 pandemic has severely impacted the lives of the general public. China Life has displayed innovation skills and entrepreneurship by investing in long-term digital transformation, as well as optimizing its customer-centric operating procedures and services. China Life seized this opportunity to integrate its online + offline business operations, which include the industry’s first remote face recognition insurance application service, offering technical convenience to our agents and policyholders. With the assistance of digital tools, our agents achieve record sales. In addition, China Life has attracted elite agents to join us with technological empowerment. For the first seven months of 2021, China Life’s agent number increased and agent annual growth rate was the highest in the life insurance sector. Not only has there been a drop in the average age of its new on-board employees, but the average income of its new employees have increased as well. With the number of registered agents on the rise for three consecutive years, China Life has become the employer of choice and the most trustworthy company for new agents.
China Life Granted Dual Awards from Insurance Asia Awards for 2 Straight Years
Taipei, 26 August 2021 – Once again, China Life’s innovations have earned positive praise! We have been awarded the Digital Insurance Initiative of the Year and Insurance Initiative of the Year for the second consecutive year from the Insurance Asia Awards (held by the AsianBanking & Finance magazine). It serves as a clear indication that our devotion to digitalization and product innovation has gained international recognition.
China Life Received First Taiwan Sustainable Investment Awards
Taipei, 19 August 2021 – With a vision to “become the most trustworthy insurance company,” China Life has continually perfected sustainable management framework by fulfilling sustainable operations and sustainable investment, in order to maximize profit for shareholders, employees and the society. In order to pursuie long-term and stable investment returns, China Life has actively participated in green investment, by applying ESG principles to evaluation of investment targets and management of invested units. Meantime, China Life aims to fulfill the promise to “achieve net zero carbon emissions for its portfolion by 2045” together with parent company China Development Financial (CDF). We has been recognized as the “role model” at the first Taiwan Sustainable Investment Awards.
China Life Acquires Treating Customer Fairly Recognition For Three Consecutive Years
Taipei, 9 August 2021 – China Life Insurance implements measures to ensure the protection of financial consumer rights and has received recognition from the competent authority. For three consecutive years, China Life Insurance has ranked among the top 20% by the FSC’s “Treating Customer Fairly Principle Evaluation.” Since the FSC’s implementation of the aforementioned evaluation in 2019, China Life Insurance has been one of the few mid- and large-sized insurance companies to be rated outstanding every single year, standing out among its peers. Being able to exceed the performance of peers is a true testament to China Life adoption of “treating customers fairly” as its business philosophy, in addition to its active and comprehensive services that tends to customers’ needs.
China Life Collaborates with SinoPac FHC to Perfect COVID Protection with Vaccine Insurance
Taipei, 28 July 2021 – Employees are an enterprise’s most important asset. With that, SinoPac FHC on July 20th, 2021 has purchased the company-sponsored group healthcare plan that includes basic hospital insurance services provided by China Life, in order to provide SinoPac FHC’s employees with comprehensive protection. In addition, SinoPac FHC offers its employees three layers of protection including paid time off for vaccinations, family care leave and COVID insurance plans, as well as encouraging employees to get vaccinated. This can improve vaccine-preventable diseases control and vaccination coverage, lowering the risk of operation disruption caused by employees infected with COVID-19.
Malaysia-born Saloon Tham Appointed Chairman of China Life
Taipei, 8 July 2021 -- China Life today (July 8) elected Malaysia-born Mr. Saloon Tham as Chairperson in the board meeting. China Life stated that it will rely on Mr. Tham’s abundant experiences in the realm of international insurance to lead the Company to international success. Mr. Tham will also collaborate with CDF President Mr. Steve Bertamini in promoting innovations for the group’s departments and implementing the ABCDE strategy, in order to accelerate growth, digital innovations and asset allocation. Under Mr. Tham’s leadership, China Life will roll out a wide array of business and development plans and help the Company enter a new era of glory.
China Life Becomes the Only Insurance Company Ranked Top 5% By the TWSE Corporate Governance Evaluation System
Taipei, 29 June 2021 – China Life Insurance has engaged in long-term sustainable development and internalized corporate governance as its corporate culture. In the process, China Life has cultivated its appreciation and emphasis for legal compliance, ethical management, and corporate social responsibilities, which have become the Company’s general directive for its business operations. In fulfilling its corporate sustainability responsibilities, China Life creates a win-win situation for itself and its clients. In 2020, the Taiwan Stock Exchange (TWSE) corporate governance evaluation ranked China Life as the top 5% in the seventh (2020) Corporate Governance Evaluation, with China Life being the only insurance company among the 45 selected listed-companies. Particularly, with increasing challenges in the market, the number of financial and insurance companies ranked top 5% has declined over the years; from 12 in 2014, to just 6 in 2020. China Life overcame these difficulties and was ranked top 5% six times. China Life’s dedication in optimizing corporate governance was recognized and praised by the competent authority, allowing it to exceed international standards.
China Life’s Smile to Sign Facial Identification Allows for Convenient Remote Insurance Application
Taipei, 16 June 2021 – Taiwan’s severe COVID-19 pandemic has altered the lives of the public and increased the need for remote services. The Insurance Bureau has been listening to the general public’s need in a timely manner. It has promoted digital transformation for the insurance sector in alignment with Green Finance 2.0 and ESG trends. The goal is to allow for more user-friendly and convenient financial services. As a long-time promoter of digital innovation for financial services, China Life has turned FinTech into breakthrough of financial services. Moreover, it has developed numerous exclusive digital tools for sales agents and clients alike, allowing both sides to enjoy convenience brought by technology. The revolutionary facial identification insurance application is currently under a trial run, with the aim of overcoming restraints from traditional face-to-face insurance application procedures under the precondition of ensuring the clients’ rights. As it aligns with the Insurance Bureau’s goals, the approval of the trial run encourages the public to embrace digitalization and use the paper-free Smile to Sign facial recognition technology for remote insurance application.
China Life HQ Building Acquires EEWH Green Building Gold Certificate
Taipei, 2 June 2021 – For the first time ever, China Life is constructing its HQ building centering around sustainable development design concepts. The building has acquired the EEWH Green Building Gold Certificate from the Ministry of the Interior by meeting the requirements of seven main indicators: greenery, water retention, daily energy conservation, carbon dioxide reduction, waste reduction, water resource as well as sewage and garbage. In 2017, the construction plans for the Company’s new HQ acquired the EEWH Green Building Gold Certificate. Having adopted green building concepts in the initial design stage, the certification is a testament to China Life’s dedication to environmental protection and the creation of sustainability values for society.
Leading the Way in Offering Insurance for Retired Medical Personnel Volunteers Combating the COVID-19 Pandemic
Taipei, 25 May 2021 – In response to severe COVID-19 pandemic, the Taipei City Government has called forth retired medical personnel in combating the spread of the pandemic. Nearly 2,000 retired medical personnel volunteered on the COVID-19 frontline. China Life reciprocates this noble cause by working with the Taipei City Government in offering group accident insurance and COVID-19-prevention insurance policies to these courageous and selfless volunteers. Moreover, NT$300,000 in condolence supplement will be issued for hospitalized confirmed cases while an additional NT$1,000,000 will be issued for death of confirmed cases on duty. China Life stands with all medical personnel and offer the highest appreciation for their services.
Microinsurance Products Received Award Recognition for Six Consecutive Years – China Life Helps the Financially Disadvantaged Across Multiple Counties & Cities Nationwide
Taipei, 3 May 2021 – In order to promote social inclusion, sharing and prosperity for all, China Life has launched microinsurance products since 2014. By actively donating to multiple local governments and social welfare organizations, China Life exerts its corporate values and safeguards the financially disadvantaged through its microinsurance policies, providing basic accident insurance plans to those in need. Aside from offering microinsurance products via collaboration with the local governments in Yilan County, Hualien County, and Yunlin County with the help of government agencies, China Life has expanded its microinsurance services to Tainan City and Taitung County in 2020. With that, China Life has extended its microinsurance safety net across the Eastern Taiwan. Over thirty-four thousand individuals received insurance protection after meeting certain criteria and conditions. China Life’s dedication to social well-being was praised by the competent authority and was granted the outstanding microinsurance award for six consecutive years issued by the FSC.
China Life Provides Group Insurance Service for Social workers in Taitung County by Reaching Out to More People
Taipei, 26 April 2021 – Social workers reaching out to every corner of society has been imperative on the social safety net. These workers offer warmth and comfort to the disadvantaged, giving them hope and encouragement for the future. In order to give back to the social workers’ devotion, China Life has become Taiwan’s first life insurance company that collaborates with Pingtung County Government to jointly launch the “social workers group accident insurance program.” The policy allows the county’s approx. 500 social workers to enjoy group accident insurance. Though this program, a positive cycle is formed when the social workers take care of the disadvantage. China Life can ensure that the safety of the social workers is covered, keeping the minds of the workers and their families at ease.
China Life Becomes Sole Life Insurance Company Whose Facial Recognition Insurance Solution Was Praised By “The Asset” Magazine
Taipei, 25 March 2021 - China Life announces good news regarding innovative financial services! The Company’s application of facial recognition technology to the insurance application process has been granted the Digital Project Awards - Best Biometric Project by the Asset Magazine. Every year, the magazine holds The Asset Triple A Awards, which is one of the most prestigious international financial awards in the market, with evaluation covering all sorts of financial institutions in Asia. Once again, China Life has become an international spotlight with our “facial recognition-powered insurance solution” as we were granted the “Digital Award” in 2020.
China Life Included in Bloomberg Gender
Taipei, 12 March 2021 - China Life announced its inclusion in the Bloomberg Gender-Equality Index (GEI) for two consecutive years. GEI incorporates 380 enterprises across 44 countries. Among the five enterprises from Taiwan, China Life is the only insurance company included for two consecutive years, exemplifying its commitment to gender equality and employee rights in the workplace.
China Life’s Enhanced PIMS Accreditation Gains SGS Recognition
Taipei, 8 March 2021 – With ever-changing financial services, fraud, leakage of personal data and illegal data collection have become common occurrence. Establishment of a safe financial service environment will allow policyholders to entrust companies with their personal data. China Life has become one of the first companies to acquire the enhanced accreditation, with our Personal Information Management System (PIMS) having been granted BS 10012:2017 certification. This has expanded the scope of accreditation from previous personal insurance related business to all businesses covered by both the Company’s headquarters and its branch offices. The action is a reflection of the Company’s adoption of the international standards and determination to enhance personal data protection.
China Life’s Charity Purchase Reaches Record High
Taipei, 8 February 2021 – The COVID-19 pandemic has devastated the efforts of various charity groups since its spread last year. This includes sharp decline in donations as well as rejection of company visits for charity organizations to promote their merchandise, resulting in instable earnings. Despite present challenges, China Life has chosen to continually uphold caring values by holding charity events that helps social welfare organizations, eco-friendly small-sized farmers and social enterprises sell their products for the 13th consecutive year. This allows employees and the general public to directly support and financially help these non-profit organization groups.
China Life Invites Colleagues to Donate Blood, Jointly Combating COVID-19 and Protecting Taiwan
Taipei, 22 January 2021 – the inventory of blood banks plunged as low temperature cold waves hit Taiwan. According to the Taiwan Blood Services Foundation’s latest announcements, the blood banks in Northern Taiwan are running dangerously low. The NTU Hospital’s doctors have encouraged people to donate blood as the inventory of type O-blood can only be used for one more surgery treatment. China Life has collaborated with the Taiwan Blood Services Foundation by organizing blood donation events at its branch offices nationwide. We held blood donation events in Kaohsiung and Taoyuan in January, and received positive feedback from all of our staff. In face of blood shortage in Northern Taiwan, China Life’s president Stephanie Hwang also participated the blood donation event on January 22nd in Taipei, encouraging employees and the general public to serve as blood donors. Those who step forth and donate blood will receive sweet potatoes which were sold to help pupils in the rural areas fulfill their dreams. Additional donation blood events will be held in Tainan and Chiayi as we continue the blood donation marathon.
China Life Receives Three Microinsurance Awards, Embodying the Fulfillment of “Treat Customer Fairly” Principles
Taipei, 10 December 2020– Actively responding to the government’s policy, China Life has launched microinsurance products and small-sized whole life insurance products, reflecting our fulfilment of inclusive finance and “treating customer fairly” principles. This year, China Life takes a step further by extending the microinsurance safety net to Eastern Taiwan, offering basic protection to disadvantaged families. China Life’s efforts in promoting the aforementioned products have been recognized by the Financial Supervisory Commission (FSC). We thus received three different awards, including the microinsurance Contest Excellent Performance Award, the microinsurance Contest Caring for the Physically and Mentally Challenged Award, and the Small Amount Whole Life Insurance Excellent Performance Award. It is worth noting that, China Life has received the microinsurance Contest for the sixth straight year. China Life’s senior vice president Johnny Chang will receive the award on behalf of the Company.
China Life and CDF Under International Spotlight Through ESG Achievements
Taipei, 1 December 2020 - According to the Dow Jones Sustainability Indices’ (DJSI) latest announcement, CDF is included on the Dow Jones Sustainability World Index (DJSI World) and Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets). Every year, DJSI invites thousands of enterprises worldwide to participate in the evaluation. Only companies with the top ESG 10% score will be eligible as DJSI constituents. DJSI has become a crucial evaluation index in terms of ESG investment performance. CDF is categorized in the insurance sector with 22 question sets falling into the category of Principles for Sustainable Insurance (PSI) specifically dedicated to the insurance sector. China Life’s scores were significantly ahead of industry average in reflection of its voluntary actions to respond to PSI. Additionally, China Life obtained the “Best Score” in the sustainable finance and inclusive finance-related questions, in reflection of the Company’s responsible investment policies and microinsurance promotion.
China Life Showcases “Big data,” “AI” and “Ecosystem” Digital Innovations at the 2020 Taipei FinExpo
Taipei, 27 November 2020 – Innovation is a driving force for business growth and sustainable development. China Life took part in the 2020 Taipei FinExpo, showcasing our fruits in digital innovation and inclusive finance by adhering to our mission in the insurance industry, sticking to the main theme of sustainable finance, actively engaging in technological empowerment and upgrading our heartwarming services. China Life has thoroughly exhibited its determination and value in sustainable development.
A Record High – China Life Receives 7 TCSA Awards
Taipei, 18 November 2020 – China Life’s continual commitment to sustainability been widely acknowledged. It was awarded seven awards at the 2020 TCSA Awards, including the golden CSR Report Award for the financial and insurance industry, silver English Report Award, Outstanding Corporate Sustainability Performance Award; as well as Best Performance of Specific Categories – Transparency and Integrity Awards, Growth through Innovation Awards, Creativity in Communication Awards, and Cyber Security. The number of awards going to China Life reaches a record high in terms of the Company’s participation in the TCSA Awards. The Taiwan Corporate Sustainability Academy complimented the transparency and comprehensiveness of China Life’s CSR report, not only incorporating the UN’s SDGs but also implementing TCFD climate impact matrices. In addition, China Life stays up to date on the latest trends in promoting friendly finance and digital transformations, fully displaying its width and depth of corporate sustainability capabilities.
China Life Taipei Academy Construction Project Given the Taipei Tree Protection Award
Taipei, 27 October 2020 – The winners of the Department of Cultural Affairs, Taipei City Government’s Second Taipei Tree Protection Awards have finally been announced. China Life’s Taipei Academy Construction Project receives the award as it retains multiple items of the original environment and pursues friendly coexistence. Not only is it a display of the Company’s devotion to corporate social responsibilities, but also proves the Company’s dedication to sustainable development goals on the front of governance, social and environment.
China Life Deemed A National Green Purchasing Model
Taipei, 30 September 2020 - In response to the severe climate change in recent years, the IPCC has stated that by 2030, the global temperature may rise by 1.5 degrees Celsius. Climate change related risks have been deemed the greatest global threat by the Global Risk Report for many years in a row. As a member of the global community, China Life actively engages in climate change mitigation measures and is committed to making contribution. In addition to promoting a green working environment and digital finance and other services, China Life embraces green purchasing. This year, the Environmental Protection Administration, Executive Yuan recognized China Life as an outstanding organization which engages in green purchasing and promotes green consumption, confirming China Life’s efforts to fulfilling corporate social responsibilities.
China Life Recognized by FSC for Two Consecutive Years for Incorporating “Treating Customers Fairly” into its Business Culture
Taipei, 12 August, 2020 – In the “Treating Customers Fairly Assessment Results” announced by the Financial Supervisory Commission (FSC), China Life was ranked in the top 20% among all life insurers for two consecutive years. During the FSC recognition ceremony on August 12th, President Stephanie Hwang emphasized that “Love and Care” is China Life’s core value and that providing services and products that warm the hearts of customers have also been the Company’s philosophy and goal. Protection of financial consumers is incorporated into all aspects of the Company – including product design, marketing and solicitation, sales process, contract enforcement, and policy services – holding “treat customers with fairness and empathy as you’d treat yourself” as the highest principle.
Global Recognition for China Life as it Took Home Two Trophies at the “Insurance Asia Awards”
Taipei, 7 August, 2020 – You can now use your face not only to unlock your cell phone, but also buy insurance! Embracing innovation in FinTech, China Life has incorporated technology into different scenarios surrounding insurance, and has included facial recognition into the process of insurance application. In the Insurance Asia Awards 2020 hosted by Asian Banking & Finance magazine, the project was recognized as Digital Insurance Initiative of the Year. China Life also received the Insurance Initiative of the Year award for its products, indicating global recognition for its endeavors in digital and product innovations.
China Life, the only company certified “Excellence “twice in the Corporate Governance Assessment
Taipei, 30 July 2020 – China Life has long focused on corporate governance by keeping abreast of international trends and applying the highest standards to reach its goals. China Life once again received the “Excellence” certification in the CG6012 (2019) Corporate Governance Assessment by Taiwan Corporate Governance Association, becoming the first listed company certified “Excellence” twice consecutively, and winning recognition from the Association. Stephanie Hwang, President of the Company, attended the award ceremony and received the trophy on behalf of the Company.
China Life CSR Report Certified by International Institution
Taipei, 7 July 2020 – The world was severely impacted by COVID-19 in 2020, leading companies to re-consider ways to balance business development and coexistence with the environment, and invest more in sustainability. The Corporate Social Responsibility Report (CSR report) is an import tool for stakeholders to assess the Company’s capabilities in responding to risks and creating sustainable value. China Life has compiled its annual CSR reports for thirteen years, winning TOP 50 Taiwan Corporate Sustainability Awards for four years in a row. China Life is also the first Taiwanese enterprise to win Best Report Top 3 in the Corporate Register Reporting Awards (CRRA), hosted by the largest online reporting platform in the world. Additionally, the Company won Asia's Best Sustainability Report award the first time it enrolled in the Asia Sustainability Reporting Awards (ASRA), and Digital Insurance Initiative of the Year and Insurance Initiative of the Year in the Insurance Asia Awards. China Life’s efforts in sustainable development have been internationally received. The 2019 CSR report has been certified by the British Standards Institution (BSI). Stephanie Hwang, President of the Company, received the letter of certification on behalf of the Company from Peter Pu, Managing Director of NE Region (Asia) of BSI Group.
China Life Launches Mobile Insurance 2.0 to Boost Service Efficiency
Taipei, 18 June 2020 – As FinTech becomes a worldwide trend, China Life has accelerated digital transformation by engaging in supply chain restructuring and revolution. The Company aims to provide diverse insurance services and experiences by actively using big data and AI technologies in product development, service and business fronts to create smart FinTech services. After China Life’s self-developed mobile insurance APP designed for agents has received positive feedback and neared 100% submission rate, we launched the mobile insurance 2.0 – response service for mobile authorization. This upgraded service has brought about full digital and paperless experience for the clients’ mobile insurance journey from insuring to acceptance, allowing clients enjoy more convenient and heartwarming services.
China Life Becomes the First Asia-based Company to Receive the Asia Sustainability Reporting Award
Taipei, 8 May 2020 – China Life becomes Asia’s first enterprise to win the gold award from the Asia Sustainability Reporting Award (ASRA) among 16 top-tier Asian enterprises. This is the first time the Company participates in the ASRA. China Life’s efforts to promote sustainable development has received international recognition. The gold award of ASRA has put China Life under international spotlight again after the Company became the winner of Best Report from Corporate Register Reporting Awards (CRRA).
China Life Donates Microinsurance Policies to Tainan City Government by Providing Protection for Over 8,000 Disadvantaged Citizens
Taipei, 30 April 2020 – China Life has donated Microinsurance products to the Tainan City Government, an active response to the policies from both the United Nations and the Financial Supervisory Commission (FSC) and to implement inclusive finance and the “treating customer fairly” principles. The Company sets up a more friendly insurance service by extending the safety net to Tainan City. The donation will reach out to more than 8,000 Tainan disadvantaged citizens aged between 15 and 70. Those who are from low-income families and eligible for applying for the policies without screening their gender and profession will enjoy one-year accident insurance policy protection with insured amount of NT$300,000. China Life collaborates with the local government to provide protection for the economically disadvantaged.
China Life Staff Displays Care for the Disadvantaged - Public Welfare Purchasing Activities Achieves New Highs
Taipei, 2 March 2020 – China Life insists on doing the right thing and protecting our homeland. For 12 consecutive years, China Life has held charity sales events and created a platform that combines public purchasing and products from charity organizations, providing exposure for the disadvantaged. The theme of this year is “Share Your Love.” China Life works hand in hand with charity organizations, eco-friendly local farmers, social enterprises and rural pupils in maximizing public welfare. The total purchase from China Life’s staff was over NT$1.2 million.Such amount represents our employees’ substantial help to the charity groups and support of the goodness.By generating positive influence, our efforts can work toward helping those in different corners of society.
China Life Insurance Receives International Recognition After Being Selected for the Bloomberg Gender-Equality Index
Taipei, 25 February 2020 – Creating an inclusive work culture has become a global trend. China Life echoes the UN’s SDGs and ensures gender equality in the workplace. This year, China Life was selected from a pool of 6,000 companies from 84 countries for the 2020 Bloomberg Gender-Equality, GEI. Being selected in the first year participation is a true testament to the international recognition of China Life’s gender-equality work environment.
China Life Acquires Distinct Excellence Distinct Excellence Certification for Corporate Governance Assessment
Taipei, 8 January 2020 – Corporate governance is embedded in the Company’s corporate value and culture, a testament to China Life’s focus on corporate conference for a long time. Aside from being ranked the top 5% of listed companies for corporate governance for five consecutive year, China Life applied for the CG6012 (2019) Corporate Governance Certification Assessment and became the first listed company to acquire distinct excellence twice in a row.The Company was highly praised by the Taiwan Corporate Governance Association and has become an industry benchmark by aligning with international standards.
You are now leaving our web site. The web site you wish to link to is owned or operated by an entity other than China Life Insurance Company, Ltd.. We do not control this third party web site.
We are providing this link for your convenience only and we are not responsible for the availability of or the content located on or through this third party web site, the accuracy, completeness, timeliness, or legality of any information contained in this third party web site, and any opinions expressed therein, nor for any link contained in this third party web site.
This third party web site is not investigated, monitored, or checked for accuracy, completeness, timeliness, or legality, by China Life Insurance Company, Ltd..
The link from our web site to this third party web site does not imply that we approve of, endorse, or recommend this third party web site. We expressly disclaim all warranties, express or implied, as to the accuracy, legality, reliability, timeliness, quality, or validity of any content on this third party web site.