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privateFinancial Strength: Fitch A / Moody's A2

New China Life Insurance

新华人寿保险

79.2Score

★★★☆☆3.7

Customer satisfaction · 30.0M members

Fitch: A(2025)Moody's: A2(2025)Fortune 500 Member(2024)

New China Life Insurance (NCI) is the fourth-largest life insurer in China by total assets (RMB 1.4+ trillion) with GWP exceeding RMB 160 billion. It has a strong focus on healthcare, elderly care, and children's education products, and holds Fitch A and Moody's A2 ratings.

Overall Score

79.2/100

Founded

1996

Headquarters

Beijing

Type

private

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Key Metrics

Total Assets

RMB 1.4+ trillion

Gwp

RMB 160B+

Ranking

4th largest life insurer in China

Focus

Healthcare, elderly care, education

Editorial Ratings

Fitch: A(2025)

Rating: A (max: AAA)

75Fitch

Moody's: A2(2025)

Rating: A2 (max: Aaa)

82.5Moody's

Fortune 500 Member(2024)

Rating: Fortune 500 and Forbes Global 2000 member (max: #1)

80.2Fortune

Coverage Highlights

✓Strong focus on healthcare, elderly care, and children's education products
✓Fourth-largest life insurer by total assets in China
✓Fortune 500 and Forbes Global 2000 member
✓Significant agent transformation and digital upgrades
✓Comprehensive health and protection product suite

Pros

✓Strong financial strength ratings (Fitch A, Moody's A2)
✓Focus on health and elderly care products
✓Growing market share
✓Significant total assets and financial stability

Cons

✗Smaller than top 3 Chinese insurers
✗Less digital innovation than Ping An
✗Limited English services
✗Less well-known internationally

Frequently Asked Questions

What is New China Life's specialty?

New China Life has a strong focus on healthcare, elderly care, and children's education insurance products, differentiating it from competitors that focus primarily on savings and investment products.

How large is New China Life?

New China Life is the fourth-largest life insurer in China by total assets (RMB 1.4+ trillion), with gross written premiums exceeding RMB 160 billion and approximately 30 million policyholders.

What are New China Life's financial ratings?

New China Life holds a Fitch A and Moody's A2 financial strength rating, maintained for consecutive years, reflecting strong financial stability.

Quick Summary

InsurerNew China Life Insurance

Country🇨🇳 China

Overall Score79.2/100

Satisfaction3.7/5

Members30.0M

Typeprivate

Founded1996

Other Insurers in China

AIA China

private

88.8

/ 100

Ping An Insurance Group

private

86.2

/ 100

PICC (People's Insurance Company of China)

public

83.6

/ 100

China Life Insurance

public

83.4

/ 100

China Pacific Insurance (CPIC)

private

83.1

/ 100

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