AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR2, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR3, and a 49 per cent joint venture in India.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$330 billion as of 30 June 2021.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 39 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
About China Post Life
China Post Life Insurance Co., Ltd. (“China Post Life”) is a subsidiary of China Post Group Co., Ltd. (“China Post”). China Post Life was established in 2009 with the strategic mission of serving the national economic development and promoting social well-being enhancement.
China Post Life is a leading bank-affiliated4 life insurer focused on bringing financial protection to the mass and emerging mass-affluent market in China with solid operations and excellent management. Through its distribution partnership with Postal Savings Bank of China Co., Ltd. (“PSBC”), China Post Life has access to the largest retail financial distribution network of around 40,000 financial outlets and more than 600 million retail customers across the country. China Post Life currently distributes in 21 provinces, covering 80 per cent of the PSBC network.
China Post Life has 15 million customers and total assets of RMB 397.4 billion as of 30 November 2021.