Upon the approval of the People’s Bank of China, Taikang Life Insurance Co, Ltd is a nationwide shareholding life insurance company established on August 22, 1996. Founded with solid strength, the company is jointly initiated and constructed by 16 large and medium-sized State-owned enterprises, including China International Travel Service, China National Foreign Trade Transportation Corporation, Beijing Yanshan Petrochemical Co, Ltd and China Guardee International Auctions Co, Ltd. In November 2000, the company entirely fulfilled foreign capital raising by floating shares upon the approval of the State Council and the China Insurance Regulatory Commission. The foreign shareholders newly joined in the company are Winterthur Life Insurance Company, Zurich Louie Bank, GIC SI and Japan Soft Bank Group. With registered capital of RMB 800 million yuan, the company is one of the six nationwide life insurance companies at home. The headquarters of this company is in Beijing.Taikang Life Insurance Co, Ltd persistently sticks to the development strategy of “Specialization, Standardization and Internationalization” and the development guideline of steady operation, exploration and innovation, draws on advanced management experiences of life insurance companies at home and abroad and attaches importance to financial risk prevention. The company has no bad debt yet. It is the first domestic insurance company to adopt credit rating system according to international convention. The company is upgraded from the credit grade AA to AAA within three years. AAA means strong discharge ability and minimal risk. Up to 2001, its total asset has reached RMB 5.366 billion yuan. In 2002, Taikang Life Insurance Co, Ltd initiates the modern life outlook? and family values of white-collars. The company devotes itself to individualized and diversified products and services to present every family with healthy and happy life. Meanwhile, it fully presents Taikang New Life Square and forms its interactive comprehensive quaternary service system with integration of reality and virtuality. Thereabouts, clients may enjoy more customized, benign, integrated and 24-hour financial services through Taikang New Life Square Store, Taikang New Life Square Hotline—95522, Taikang New Life Square Network—www.taikang.com, and a vigorous, healthy and progressive, professional and faithful staff. At present, the company has formed product series of dividend insurance, whole-life insurance, term insurance, serious disease insurance, endowment insurance, integrated death and living insurancemedical insurance, children insurance, accident insurance, and female disease insurance. Meanwhile, the company is also brave in innovation so that it initially presents some insurance products to people’s favor, such as travel aid insurance and personal health insurance with guarantee for renewing coverage, and non-traditional group outpatient insurance. In 2002, Taikang Life Insurance Co, Ltd takes advantage of international updated technology, and initially launches Taikang Family Security Plan in the insurance industry to meet the demand of family security. Thereupon, it realizes that “an insurance slip covers the whole family”, fully conforms to white collars’ pursuit for family values, and provides the whole family with overall guarantee in terms of birth, old age, illness and death, including accident injuries, serious diseases, accidental injury medical treatment, and children education fee etc. Clients may enjoy dividends, while insurance slips can also be upgraded with additional insurance in future.Taikang Life Insurance Co, Ltd establishes and implements the regional management strategy of “extending about with major cities as the pivot to manage respectively, while centering on economic regions and relying on intensive and high-efficiency organization system”, and the three-step institution development policy. Through this, the company successfully builds a nationwide operation network. Up to July 2002, the company has established 23 branches and 67 central subsidiaries in economic developed provinces and cities across the country, such as Beijing, Shanghai and Guangzhou, opening a new page of the rapid development of the company.Achievements Taikang Life Insurance Co, Ltd is the first nationwide insurance company at home with foreign shares established upon the approval of the State Council and the China Insurance Regulatory Commission.It is the first nationwide insurance company at home that has passed ISO 9001 International Standard (UKAS) Quality System certificate.It is the first domestic life insurance company that adopts credit rating system according to international convention and is upgraded from the credit grade AA to AAA within three years.It launches its website, Taikang on-line (www.taikang.com), which becomes the first domestic website with CA certificate on insurance and available for on-line insurance arrangement.It is the first domestic insurance company headquartered in “The First Avenue of China”—Chang’an Avenue in Beijing.It is the first life insurance company that set up an international FLMI test center in Beijing.It is the first domestic life insurance company registered with the life insurance trademark.