According to official website of People's Life Insurance, whole life insurance, a premium account of PICC Life Insurance, is a universal account with a guaranteed interest rate of 2.5%, which guarantees the actual policy rights and interests such as death protection responsibility, policy loans and continuous dividends.
People's Life generally refers to China People's Life Insurance Co., Ltd. and China People's Life Insurance Co., Ltd. was established with the approval of the State Council and the China Insurance Regulatory Commission.