Hetai Life Insurance Co., Ltd.

Hetai Life Insurance Co., Ltd

On January 23, 2017, China Insurance Regulatory Commission issued a document to approve the opening of Hetai Life Insurance Co., Ltd., with a registered capital of RMB 1.5 billion and the legal representative of the company being Liu Xin. Hetai life insurance is an innovative life insurance company with light assets, high efficiency and high integration with the Internet. Pay attention to user needs and experience, adopt the business model of Internet and syndicate simultaneously in the early stage, integrate products and services into users' life scenes, connect various online and offline platforms with the strategy of "insurance +", connect users in an all-round way, and become people's "security network". No matter where users are, products and services are within reach and everywhere.

development history

Hetai Life Insurance Co., Ltd. (hereinafter referred to as "Hetai life") obtained the business approval and legal person license of China Insurance Regulatory Commission on January 23, 2017, and completed the industrial and commercial registration on January 24.

Initiating shareholder

The initiating shareholders of Hetai life are eight powerful companies, including CITIC Guoan, Yingke Bicheng (a wholly-owned subsidiary of Tencent) and zengzhijia, whose registered address is Jinan, Shandong Province.

Full text of approval

Hotai Life Insurance Co., Ltd. (Preparatory): your preparatory group's request for instructions on applying for the opening of Hotai Life Insurance Co., Ltd. (Hotai life insurance (Preparatory) [2016] No. 2) and relevant correction materials have been received. Upon examination and approval, we hereby give the following reply: 1. We agree to open Hetai Life Insurance Co., Ltd. 2. To approve the articles of association of Hetai Life Insurance Co., Ltd. (attached). 3. The registered capital of the company is RMB 1.5 billion. 4. The company's domicile (business place) is the 3rd and 23rd floors of block B, Chengcheng building, 10567 Jingshi East Road, Lixia District, Jinan City, Shandong Province. 5. The legal representative of the company is Liu Xin. VI. business scope of the company: general insurance, including life insurance and annuity insurance; health insurance; accident insurance; bonus insurance; universal insurance; reinsurance business of the above business; insurance fund utilization business permitted by national laws and regulations; other business approved by CIRC. VII. The company will carry out business in Shandong Province within two years after opening, and gradually set up branches outside Shandong Province according to the company's operation and management level, business development and talent reserve. please go to the industry and Commerce Department for registration and other relevant procedures with this article and the "license for legal person of insurance institution" issued by our association. CIRC January 20, 2017

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