Heng An Standard Life Insurance Company Limited (“HASL”) was established in December 2003, with its headquarters located in Tianjin. HASL is a 50:50 Sino-foreign joint venture business between abrdn plc (“abrdn”) and Tianjin TEDA International Holding (Group) Company Limited (“TEDA”).
As of the end of 2023, the registered capital of HASL was RMB4.046 billion. Over the past 20 years since its establishment, the company has set up 10 branches in Tianjin, Qingdao, Beijing, Shandong, Jiangsu, Liaoning, Sichuan, Henan, Guangdong, and Dalian, with nearly 70 sub-divisions. As a joint-venture life insurance company, HASL has always been customercentric, focusing on the market and establishing an insurance product system that covers the entire customer life cycle. This system aims to meet customers’ various needs in areas such as retirement planning, healthcare, and risk protection.
In recent years, the company has made significant strides in strategic expansion. In June 2020, the company successfully acquired 100% equity of Standard Life Insurance (Asia) Limited, becoming a joint-venture insurance company with an overseas insurance license. On January 18, 2021, the company established a wholly-owned subsidiary, Heng An Standard Life Pension Insurance Limited, making HASL the first joint-venture life insurance company to have a pension insurance company registered in China.