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Insurance business

In January 2017, Hetai Life Insurance Co., Ltd. obtained the approval of the China Insurance Regulatory Commission to acquire the insurance company legal person license and was formally established after completing the industrial and commercial registration. The registered capital of the company was RMB 1.5 billion yuan.

Scope of business: general insurance (including life insurance and annuity insurance); health insurance; accident injury insurance; dividend insurance; universal insurance; reinsurance business of the aforementioned business; business of operation of insurance funds allowed by national laws and regulations; other business approved by CIRC.

Hetai Life Company is committed to becoming an innovative life insurance company with light assets, high efficiency and high integration with the Internet. The company focuses on the requirement and experiences of customers. In the early stage, the company adopted the business model of combining Internet with bank insurance industry and group insurance industry to Integrate products and services into scenes of life of users. It connects all kinds of online and offline platforms with the strategy of "insurance plus" to connect users through the full range.

Munsun Group was one of the founders of Hetai Life Company, becoming one of the seven largest shareholders by holding 14% shares of Hetai Life Company through its subsidiary. Munsun Group has been making use of its own resources to increase impetus to the development of Hetai Life Company, and actively expanding the close cooperation c between Munsun Group and Hetai Company to push the coordinated development.