China Life Insurance is the largest life insurance company in China. It is 70 percent state-owned. The company provides annuity products and life insurance for both individuals and groups. In addition to life insurance, the company provides asset management services and health and accident insurance. China Life has more than 90 million individual and group policies, roughly 15,000 branches and 600,000-plus agents nationwide. China Life recently made its first foreign real estate investment, with a Boston waterfront project.