China Life Insurance Co. Ltd. Class A · SSE:601628
China Life Insurance Co. Ltd. Class A — Investor Presentation (2011)
18 slides from China Life Insurance Co. Ltd. Class A's investor presentation, Jul 9, 2011
Slide 1: Join Hands with You to Create Values
Join Hands with You to Create Values China Life’s Experience of Employee Benefit Insurance
Slide 2: Contents
Contents Æ Issues and solutions of employee benefit insurance The advantages of employee benefit insurance for an effective management of multinational corporations China Life’s idea and practice for employee benefit insurance 2 Copyright 2011 China Life 2
Slide 3: Medical Security vs. Increasing Needs of the Employees
Medical Security vs. Increasing Needs of the Employees Inadequate medical security A wide coverage and low benefits in China 9 Medical expense grows by 7-9% annually. 9 The deductible of medical insurance accounts for about 10% of average salary. 9 The balance between the deductible and the maximum
Slide 4: Pension vs. A Decent Life in Retirement
Pension vs. A Decent Life in Retirement 9 China’s aging population 9 China is aging rapidly. In 2010, the aging people accounts for 8.3%, above the world’s average. 9 China’s pension 9 Low pension replacement ratio system has to Difference salary/ Income Real Real Ideal Ideal between address three i
Slide 5: Global business vs. Employee Benefit Insurance
Global business vs. Employee Benefit Insurance 9 MNCs’ output accounts for 1/10 of global GDP China: an attraction of and 1/3 of global export. foreign investment 9 MNC’s subsidiaries are set up in China. 9 In 2010, China invests in 3125 foreign companies spreading over 129 countries and China’s goi
Slide 6: Contents
Contents Issues and solutions of employee benefit insurance The advantages of employee benefit insurance for Æ an effective management of multinational corporations China Life’s idea and practice for employee benefit insurance 6 Copyright 2011 China Life 6
Slide 7: Reduce the operation risks
Reduce the operation risks 9 Industrial accidents on the rise 9 Decision of the State Council on Amending the Regulation on Work-Related Injury Insurance was implemented on January 1st, 2011. According to this new decision, the application scope of work-related insurance has been extended. However,
Slide 8: Enhance Health Management
Enhance Health Management 9 Unhealthy life style and work 9 Lack of critical illness insurance pressure lead to a hidden cost coverage Heavy smoking, undue drinking China’s social security is not able to provide an effective coverage for and excessive pressures critical illnesses 9 Infectious di
Slide 9: Promote Human Resources Management and Deliver corporate culture and values
Promote Human Resources Management and Deliver corporate culture and values 9 The enterprise needs to give full play to the incentive mechanism through such measures as deferred payment and reasonable income distribution. 9 The enterprise needs to build “golden handcuffs” by means of its employee be
Slide 10: Contents
Contents Issues and solutions of employee benefit insurance The advantages of employee benefit insurance for an effective management of multinational corporations Æ China Life’s idea and practice for employee benefit insurance 10 Copyright 2011 China Life 10
Slide 11: EB solution design: effective cost and benefits
EB solution design: effective cost and benefits Key factors Objectives 9 Universality: each employee Enhance employee‘s has an equal access to employee coverage level benefit insurance Promote employee‘s 9 Locailty: a customized satisfaction product portfolio Control cost 9 Competitive rating
Slide 12: China Life's Product Series
China Life’s Product Series 9 China Life’s group insurance products: • Oasis group insurance series: GTL, ADD, disability and burns insurance, supplementary medical insurance, CI insurance and hospitalization insurance • High-end medical insurance: Goodhealth global health care plan, emergency aid •
Slide 13: Case study: Employee Benefit Solutions
Case study: Employee Benefit Solutions Enterprise A’s particulars Enterprise B’s particulars 9 A well-known multinational 9 Well-known IT Company enterprise 9 A lot of expatriates abroad 9 A large number of branches in 9 Huge pressures for the China employees 9 Stress an equal access to EB Enterpris
Slide 14: China Life's Service: the largest group insurance team
China Life’s Service:the most extensive service network covering the majority of both rural and urban residents in China 9 14000 group insurance professionals 最多的团险专业人员 9 3600 branches at various levels The largest group insurance team 9 More than 3000 customer service counters. 9 A large number of
Slide 15: China Life's Service: professional, unified and customer-oriented
China Life’s Service: professional, unified and customer-oriented Professional Professional service for the customer’s needs services professional team specially for major customers Professional IT system for unified management and local service Unified Standard people management, standard p
Slide 16: Join Hands with Swiss Life to Provide International Pooling
Join Hands with Swiss Life to Provide International Pooling, a best solution for MNC 9 Advantages of international Pooling 9 Introduction to international • Global management, local experience • To enhance headquarter’s control of pooling insurance benefits information over • To combine the employee
Slide 17: Contact Information
Contact Information If you have any questions or inquiries, please kindly contact: Mr. Yifei Yao China Life Insurance Co., Ltd China Life Plaza, Building A 16 Financial Street (Jinrongdajie) Xicheng District, Beijing 100033 China T +86 (10) 6363 1892 [email protected] www.e-chinalife.com Copy
Slide 18: Thanks!
As a leading company in insurance industry, China Life will provide the best services with high quality and efficiency. THANKS! Copyright 2011 China Life 18