Investor Presentaiton
China Post Life - A Unique Growth Opportunity
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Largest Retail Financial
Distribution Network
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Access to the largest retail financial distribution network in China with ~40,000 financial outlets
Strong PSBC franchise with more than 600m retail customers
Unique Platform for
Scalable and
Efficient Expansion
Strong Operational
Capabilities
China Post Life currently distributing in 21 provinces, covering 80% of the PSBC network
☐
Distinctive operating structure and platform enabling rapid profitable growth
AIA
Scalable operations leveraging China Post's resources and infrastructure, delivering market-leading efficiency
Extensive presence in fast-growing cities and counties with low insurance penetration rates
Proven track record of sales to PSBC retail customer base
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Shift towards regular premium and protection products underway with strong persistency
Prudent balance sheet with robust risk management
Right Time, Right Model
for Differentiated
Partnership Distribution
Significant Upside
Potential Leveraging
AIA Expertise
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Unique operating model and partnership with AIA overcomes common bancassurance challenges
Regulatory changes encouraging positive product mix transformation
Strong relationship between China Post Life and PSBC as part of China Post
Fully aligned on value creation through agreed governance model between AIA and China Post Life
Tremendous scope for growth uplift and margin enhancement through Technical Assistance Advisory Committee
Explore additional business opportunities between AIA and China Post
Source: China Post Life, 2020.
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