Heng An Standard Life Insurance Company Limited (“HASL”) was established in 2003. The company is a 50:50 Sino-foreign joint venture business between abrdn plc (previously named “Standard Life Aberdeen plc”) in the UK and a state-owned financial services enterprise Tianjin TEDA International Holding (Group) Company Limited in Tianjin, Mainland China.
In March 2019, HASL became the first joint venture company to receive the permission to establish a pensions insurance company in Mainland China.
HASL is committed to putting customer’s needs first. The company develops a wide range of individual savings and protection products, as well as group protection products, to meet customers’ various needs in different life stages. The company attaches great importance to the cultivation of corporate culture, upholding the values of “integrity, stability and innovation”. HASL regards steady operation as the cornerstone of its business, and the company is committed to innovation in all aspects of business.
The company distributes products through employed sales force, group insurance, banks and multiple channels. Currently, HASL owns 94 branches, sub-branches and sales offices throughout Mainland China in Tianjin, Qingdao, Beijing, Shandong, Jiangsu, Liaoning, Sichuan, Henan, Guangdong and Dalian.
HASL has received an A rating in Integrated Risk Rating (Classified Regulation) given by China Banking and Insurance Regulatory Commission for the 21st time in Q4 2020, showing recognition in the company’s risk management and reflecting the company’s solid progress in business development and robust risk and compliance management.
As at 31 December 2020, the registered capital of HASL is RMB 4.047 billion, the company administered over RMB18.7 billion of assets, serving over 30 million customers in Mainland China.