China Life Insurance (Group) Co., Ltd. is a national large-scale financial insurance enterprise, headquartered in Beijing. The company was formerly known as 1949 China People's Insurance Company, 1996 PICC Life Insurance Co., Ltd., and 1999 China Life Insurance Company. In 2003, with the consent of the State Council and the approval of China Insurance Regulatory Commission, the original China Life Insurance Company was reorganized and changed to China Life Insurance (Group) Company.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.