Heng An Standard Life Insurance Company Limited (“HASL”) was established in 2003. HASL 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. HASL 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.
HASL distributes products through employed sales force, group insurance, banks and multiple channels. Currently, HASL owns 10 branches, 76 sub-divisions and 2 subsidiaries throughout China in Tianjin, Qingdao, Beijing, Shandong, Jiangsu, Liaoning, Sichuan, Henan, Guangdong, Dalian and Hong Kong.
HASL has received an A rating in Integrated Risk Rating (Classified Regulation) given by China Banking and Insurance Regulatory Commission for the 29th time in Q4 2022, 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 2022, the registered capital of HASL was RMB 4.047 billion. HASL administered over RMB30.9 billion of assets, serving over 31 million customers in Mainland China.
*All data as of 31 December 2022