Manulife-Sinochem Life Insurance CO.,LTD.

Zhonghong Life Insurance Co., Ltd

Sinochem Life Insurance Co., Ltd. is the first Sino foreign joint venture life insurance company in China. It is a joint venture between Manulife insurance (International) Co., Ltd. of Manulife Canada and Sinochem Group Finance Co., Ltd., the core member of Sinochem Group. Founded in November 1996, Zhonghong insurance has nearly 16000 employees and salesmen, providing professional financial and insurance services to more than 1.6 million customers. At present, Zhonghong insurance has been developing steadily in more than 50 cities in Shanghai, Beijing, Guangdong, Zhejiang, Jiangsu, Sichuan, Shandong, Fujian, Chongqing, Liaoning, Tianjin, Hubei, Hebei and Hunan, and is constantly marching towards the whole country. Sinochem has been operating in China's insurance market for more than 20 years and is committed to providing the public with stable, reliable, trusted and farsighted insurance products and services.

Nature of Business

Business scope of the company: 1. Life insurance, health insurance, accident insurance and other insurance business; 2. Reinsurance business of the above business.

Historical premium scale

The annual premium income of Zhonghong life is as follows:

Development History

Manulife (International) Limited is a member of Manulife Financial Group. Manulife finance, founded in 1887, is a leading financial service company in Canada. Its business covers 19 countries and regions around the world, and has been awarded "AAA" rating by "International Standard & Poor's". Following the completion of the largest cross-border merger transaction in Canadian history and the successful implementation of the merger of American Hengkang Financial Services Co., Ltd., Manulife finance has become the first life insurance company in Canada, the first in North America and the third largest in the world.

Manulife Canada serves more than 70 million customers worldwide and serves more than 90 companies in the top 100 of the Fortune 500 companies.

Shareholder profile

Manulife (International) Limited is a member of Manulife Financial Group. Manulife finance, founded in 1887, is a leading financial service company in Canada. Its business covers 19 countries and regions around the world, and has been awarded "AAA" rating by "International Standard & Poor's". Following the completion of the largest cross-border merger transaction in Canadian history and the successful implementation of the merger of American Hengkang Financial Services Co., Ltd., Manulife finance has become the first life insurance company in Canada, the first in North America and the third largest in the world. Through its huge network of employees, insurance agents and sales partners, Manulife finance provides customers with all kinds of services in Canada, Asia and the United States (mainly through Hengkang) Face financial security and financial services. As of December 31, 2005, assets under management of Manulife finance and its subsidiaries reached C $372 billion (about US $319 billion).

China Foreign Economic and Trade Trust and Investment Corporation is a core enterprise of Sinochem, with 49% equity of Zhonghong Life Insurance Co., Ltd. Sinochem, founded in 1950, is one of the largest foreign trade enterprises in China. Now it has become a comprehensive international enterprise group with considerable reputation in the world. It has been rated as one of the top 500 enterprises in the world by Fortune magazine for 18 consecutive years. In 2008, its ranking rose to 257. In 2008, it ranked the fifth largest trading enterprise in the world.

Manulife group is a leading innovator in the world and is recognized as a leader in insurance, retirement and savings solutions. As of December 31, 2007, the company's effective life insurance policies in the United States have reached 3400 billion US dollars, making it the largest life insurance company in the United States. Manulife serves more than 70 million customers worldwide and serves more than 90 companies in the top 100 of the Fortune 500. Manulife group provides life insurance, pension, auto and home insurance, retail banking and other financial services for individual customers, as well as group insurance, reinsurance, retirement and savings products and services for enterprises and other institutions.

corporate culture

Professionalism and integrity

Sinochem adheres to the fine tradition of "Manulife insurance" for one hundred years, draws lessons from its successful experience in training insurance agents, and makes full use of Sinochem's profound understanding of the Chinese market to develop steadily and forge ahead, and is committed to building the brand of Sinochem. Recently, Zhonghong has become a large life insurance company with a registered capital of 1.6 billion yuan, 15000 employees and agents, providing professional financial and insurance services for nearly 650000 customers.

Management team

Shi Delin, chairman of Zhonghong insurance

Vanshijia, President of Zhonghong insurance

management idea

"Customer-oriented" is always advocated by Zhonghong. Guided by the needs of domestic consumers, Zhonghong constantly innovates products, develops technologically advanced customer service platform, and is committed to promoting honest service. Zhonghong has cultivated an excellent team of employees and agents with professional quality, which has become the backbone of Zhonghong's commitment to customers and won the first "integrity gold medal" in the domestic life insurance industry.

"Changeable years, unchanging promise", competition and opportunities stimulate the infinite vitality of Zhonghong. Zhonghong gives you confidence and commitment to face the domestic consumers with high-quality products and honest services, and strive to build the first brand in the domestic life insurance industry.

Important events

At the end of 2002, as the first Sino foreign joint venture life insurance branch in China, Zhonghong insurance Guangzhou Branch officially opened.

In May 2004, Zhonghong Beijing Branch successfully opened.

In 2005, Zhonghong has started business in Ningbo, Hangzhou, Foshan, Dongguan, Zhongshan and Nanjing, and will soon open in Shenzhen, Shaoxing, Chengdu, Jiaxing and Jiangmen. Zhonghong will continue to maintain the momentum of rapid and steady development, and further develop to the whole country with Shanghai, Beijing and Guangzhou as the center.

In January 2005, Zhonghong insurance was approved by China Insurance Regulatory Commission to comprehensively improve its business scope and develop group life insurance and health insurance; in August, Zhonghong insurance officially launched group life insurance and health insurance business to provide enterprise employee welfare services for various Sino foreign joint ventures and small and medium-sized enterprises in its city.

In 2005, Zhonghong was honored to be a life insurance partner of Beijing 2008 Olympic Games. Zhonghong insurance enjoys the highest rights and interests of the Olympic Games. As the sole life insurance partner of the 2008 Beijing Olympic Games, Zhonghong will enthusiastically support the Beijing Olympic Games, inherit the spirit of sports struggle, and make continuous progress in the field of insurance.

With its successful business strategy, efficient management system and comprehensive customer service, Zhonghong insurance has been widely accepted by customers. Over the years, it has been in the leading position in foreign insurance and its assets have been continuously optimized.

With the increasing opening of the insurance market, the competition will become increasingly fierce. Zhonghong has absolute confidence to face the opportunities and challenges of the future insurance market with the strategic policy of internationalization of thinking and localization of action. It will continue to make progress in characteristic products, humanized services, professional elites, etc., and build the core competitiveness of the system to expand the national business.

Corporate news

Ten years of "social care commitment day"

Shanghai China

-The theme of public welfare in 2012 is "children's shoes · running". The majority of Zhonghong volunteers will raise money to buy sports shoes for poor left behind children in Yunyang County of Chongqing and Liangshan Autonomous Prefecture of Sichuan through charity sale of "love photo frame". Because of poverty, these children can only go to school and live barefoot. Their parents go out to work for survival, and they are not around all the year round.

"We firmly believe that continuous public welfare care for China's children and families will bring great changes to people's lives. Since its opening, Zhonghong has organized or participated in more than 60 public welfare projects to care for and give back to the Chinese public, involving environmental protection, cancer research, children's education, assistance for the disabled and other fields. We will adhere to sustainable public welfare and actively practice social responsibility. " Mr. Shi Delin, chairman of Zhonghong insurance, said.

"SINOSURE has long been concerned about children and families in China. In the first half of this year, Zhonghong released the results of its research on the plan for the happy growth of children from middle-class families in China. Continuing this theme, this time we are committed to paying more attention to the left behind children in poor areas through this large-scale public welfare activity. " Mr. Wan Shijia, President of Zhonghong insurance, said, "actively caring for and helping Chinese children and families is the public welfare tradition of Zhonghong insurance, and we are very proud of it."

Since 2003, Zhonghong insurance has been carrying out large-scale public welfare activities of "Zhonghong social care commitment day" every year. With the participation of more than 10000 Zhonghong colleagues and enthusiasts, the charity sale of "37 ℃ warm" night lamp in the past two years has raised money. Nearly 1000 elderly people suffering from cataract in poor areas of Sichuan Province have been operated on to help them see the light again.

Old age before wealth tests pension preparation

A group of special data from the insurance industry has aroused concern. In China, there are millions of families who have lost their only child, especially those who are over 40 or 50 years old and have no possibility of having another child. In addition, there are 76000 families losing their only child every year, and the number of people over 50 years old who lose their only child is growing.

In China's traditional family concept, based on the consideration of raising children for old age and inheriting the family, children are not only the continuation of blood, but also the spiritual sustenance. But for a large number of families who lost their only child, their emotional dependence and old-age security naturally become an increasingly prominent social problem. Who can save the families who lost their only child has become a problem that needs the joint efforts of the whole society to solve.

Chinese society is rapidly entering the "aging society". Traditionally, family support for the aged has been the most important support for the aged in China

Chinese PinYin : Zhong Hong Ren Shou Bao Xian You Xian Gong Si