The agency will use insurance offerings, such as protection plans, endowments, investment-linked insurance plans and hybrid plans.

China Life Insurance (Singapore) has launched a new business designed to open up the local insurance sector and build a team of at least 500 consultants over the next five years. The Agency Channel, as it is called, will target local and high net worth clients.

The new channel has three aims: connecting China to Singapore’s insurance markets; linking insurance to technology, and forging links to local consultants.

"China Life Singapore serves as a highly influential platform for China Life Insurance (Group) to break into the international market. By garnering support from the group company, a Fortune 500 company, China Life Singapore will spearhead its influence across Southeast-Asia in tandem with China's Belt and Road Initiative,” Lin Xiangyang, chief executive of China Life Singapore, said. 

All consultants need to pass exams offered by the Singapore College of Insurance and will also receive a 90-day in-house training programme. 

The agency will use insurance offerings, such as protection plans, endowments, investment-linked insurance plans and hybrid plans.

Established in 2015, China Life Insurance (Singapore) Pte is regulated by the Monetary Authority of Singapore. It is part of China Life Insurance.