Sumitomo Life Insurance Company
Encyclopedia
is a mutual life insurance company in Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, founded in 1907 and headquartered in Osaka
Osaka
is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...

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In 2005, the company announced a joint venture with the People's Insurance Company of China PICC
People's Insurance Company of China
People's Insurance Company of China Holdings Company is a state-owned company in the People's Republic of China. The holding company promotes its subsidiaries, PICC Asset Management Company Limited and PICC Property and Casualty Company Limited .PICC P&C is China's largest insurer of casualty...

Holdings Company (中国人保控股公司). The new company will be called PICC Life Insurance Co. (中国人保寿险有限公司). It will sell insurance products, including savings-oriented endowment insurance policies.

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