Yingda Taihe Life Insurance Co., Ltd. is a modern life insurance company mainly engaged in banking, insurance, securities, asset management and other sectors of life protection and wealth accumulation, such as accident insurance, endowment insurance, children's education insurance and investment and wealth management
Yingda Taihe Life Insurance Co., Ltd. (hereinafter referred to as Yingda Life) is a national life insurance company initiated and established by the State Grid Corporation of China, approved by the China Insurance Regulatory Commission, established in Beijing in June 2007, with a registered capital of 4 billion yuan; In 2009, it introduced an overseas strategic investor, American MassMutual Life Insurance Company. In 2010, the State Grid Corporation of China established the State Grid Yingda Group, whose business scope covers four major sectors, including banking, insurance, securities and asset management.
The State Grid Corporation of China is a large state-owned key backbone enterprise related to the lifeline of the national economy and national energy security, with the construction and operation of power grids as its core business, with a registered capital of 536.3 billion yuan, covering 26 provinces (autonomous regions and municipalities directly under the central government), with a power supply population of more than 1.1 billion people and a total employment of more than 1.72 million people. The State Grid Corporation of China has been awarded the A-level enterprise in the performance assessment of central enterprises for 11 consecutive years, and ranked 7th in the 2015 Fortune 500 Global Enterprises ranking, which is the world's largest public utility enterprise.
Massachusetts Mutual Life Insurance Company (Massachusetts Life) was founded in 1851 and is headquartered in Springfield, Massachusetts, USA. In 2015, YF Life was selected as one of the "Top 5 Life Insurance Companies in the United States" and "World's Most Admired Companies" by Fortune magazine. Rated [A] by A.M. Best and [AA] by Standard & Poor's (equivalent to U.S. Treasury bonds). As of the end of 2015, YF Life had $642 billion in assets under management and 13 million customers worldwide.
Relying on the customer resources, strong financial strength and well-known corporate brand of the State Grid Corporation of China all over the country, drawing on the advanced insurance technology and experience, professional management concept and strict risk management mechanism of MassMutual Life Insurance of the United States, Yingda Life will closely focus on the overall development idea of "market-oriented operation, professional operation, lean management and intensive development", adhering to the core values of "integrity, responsibility, innovation and dedication", adhering to the service concept of "customer-centric" and "you are the most important". Efficient and stable operation, we are committed to providing customers with comprehensive protection solutions for life protection and wealth accumulation such as accident insurance, critical illness insurance, medical insurance, endowment insurance, children's education insurance and investment and financial management, and strive to become a first-class and internationally renowned modern life insurance company in China.
By the end of 2015, Yingda Life had developed more than 150 life insurance products (including more than 10 special products in the power industry), with total assets of 18.2 billion yuan, and set up branches in 26 provinces and cities across the country, with an increasingly perfect marketing and service network.
