On this day, 26 years ago, on March 20, 1999 (February 3, 1999, the People's Insurance Company of China was restored with the approval of the State Council. With the approval of the State Council on March 20, 1999, China Insurance Property Insurance Company inherited the brand of the People's Insurance Company of China and restored it to the People's Insurance Company of China. The newly established China Life Insurance Company is a wholly state-owned professional insurance company with independent legal personality.