Details - Information last confirmed on June 24, 2021
With the approval of the China Insurance Regulatory Commission, the Life Insurance Company (the “Company”) was established in 2003. At present, the Company has carried out all kinds of individual and group insurance business in Shanghai, Zhejiang, Jiangsu, Beijing, Sichuan, Shandong, Henan and other regions. With the development of business and the expansion of business area, the Company is speeding up to become a national life insurance company.
The business scope of the Company is: life insurance, health insurance and accident injury insurance and other insurance business; reinsurance business of the above-mentioned business.
As of December 31, 2020, the Company achieved an operating income of US$ 300.29 million with total assets of US$ 1.29 billion.
Shareholder of the Company plans to transfer the controlling stake in the Company at a negotiable price.
In Mainland China, life insurance licenses are very valuable because they are scarce. China has a population of 1.3 billion and the largest middle class in the world, so China has a very large insurance market. If investors want to enter China's life insurance market, this project will be a good choice.
Serious buyers are welcome. Anyone who sends false inquiry will be backlisted and reported.
PLEASE BE NOTED: The Company is located in Mainland China (The People’s Republic of China). Any interested party needs to show proof of funds and locks up the funds for purchase purpose. The above information is for reference only and does not constitute the final transaction conditions. Potential buyers need to sign brokerage service contract with us. We will help successful buyers to set up investment entity to meet the Chinese laws and regulations and go through the formalities of the merger and acquisition in China.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.