---
title: "China Life enters new insurance sales framework deal with CLP&C effective Jan. 1, 2027"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293724088.md"
description: "China Life's board approved a new insurance sales framework agreement with CLP&C for agency sales, effective January 1, 2027, through December 31, 2029. This replaces the existing agreement. Annual caps on agency service fees are set at RMB 2.43 billion (2027), RMB 2.54 billion (2028), and RMB 2.65 billion (2029). Shareholder approval is required under Shanghai listing rules due to prior related-party transaction sizes exceeding 5% of audited net assets."
datetime: "2026-07-24T08:31:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293724088.md)
  - [en](https://longbridge.com/en/news/293724088.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293724088.md)
generator: "portal-rs"
---

# China Life enters new insurance sales framework deal with CLP&C effective Jan. 1, 2027

-   China Life’s board on July 24, 2026 resolved to enter a new insurance sales framework agreement with CLP&C for agency sales. \* Agreement to take effect Jan. 1, 2027 through Dec. 31, 2029; existing framework agreement to be replaced once effective. \* Annual caps set for agency service fees payable by CLP&C: RMB 2,430 million (2027), RMB 2,540 million (2028), RMB 2,650 million (2029). \* Shareholder approval to be sought under Shanghai listing rules due to prior 12-month related-party transaction size exceeding 5% of audited net assets. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Life Insurance Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260724-12255111), on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**