6-K

Commission File Number 001-31914

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

December 17, 2020

China Life Insurance Company Limited

(Translation of registrant’s name into English)

16 Financial Street

Xicheng District

Beijing 100033, China

Tel: (86-10) 6363-3333

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes  ☐            No  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-  ☐

Commission File Number 001-31914

China Life Insurance Company Limited issued an announcement on December 17, 2020, a copy of which is attached as Exhibit 99.1 hereto.

EXHIBIT LIST

Exhibit	Description
99.1	Announcement, dated December 17, 2020

Commission File Number 001-31914

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		China Life Insurance Company Limited
		(Registrant)
	By:	/s/ Su Hengxuan
December 17, 2020		(Signature)
	Name:	Su Hengxuan
	Title:	President and Executive Director

EX-99.1

Exhibit 99.1

ANNOUNCEMENT

SUPPLEMENTARY INFORMATION REGARDING COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT MEMBERS IN 2019

China Life Insurance Company Limited (the “Company”) has disclosed the information regarding the compensation of directors, supervisors and senior management members of the Company in its 2019 annual report on a preliminary basis. Information regarding their final compensation in 2019 is reported as follows:

1

Unit: RMB ten thousand

Name	Position	Basic annual salary		Annual performance bonus		Total salary		Including: deferral payment		Welfare (including benefits and contribution by the employer to social insurance, housing provident fund and enterprise annuity fund)		Total remuneration before tax		Including: deferral payment		The actual payment of remuneration before tax in 2019
			1		2		3=1+2		4		5		6=3+5		7		8=6-7
Wang Bin	Chairman and Executive Director		—		—		—		—		—		—		—		—
Su Hengxuan	Executive Director and President		—		—		—		—		—		—		—		—
Li Mingguang	Executive Director, Vice President, Chief Actuary and Board Secretary		143.20		143.20		286.40		85.92		23.00		309.40		85.92		223.48
Yuan Changqing	Non-executive Director		—		—		—		—		—		—		—		—
Liu Huimin	Non-executive Director		—		—		—		—		—		—		—		—
Yin Zhaojun	Non-executive Director		—		—		—		—		—		—		—		—
Wang Junhui	Non-executive Director		—		—		—		—		—		—		—		—
Chang Tso Tung Stephen	Independent Director		25.00		7.00		32.00		—		—		32.00		—		32.00
Robinson Drake Pike	Independent Director		25.00		7.00		32.00		—		—		32.00		—		32.00
Tang Xin	Independent Director		25.00		7.00		32.00		—		—		32.00		—		32.00
Leung Oi-Sie Elsie	Independent Director		25.00		5.00		30.00		—		—		30.00		—		30.00
Jia Yuzeng	Chairman of the Board of Supervisors		143.20		143.20		286.40		85.92		22.95		309.35		85.92		223.43
Luo Zhaohui	Supervisor		—		—		—		—		—		—		—		—
Han Bing	Supervisor		25.28		55.30		80.58		0.00		16.94		97.52		0.00		97.52
Cao Qingyang	Employee Representative Supervisor		28.58		52.05		80.63		0.00		15.41		96.04		0.00		96.04
Wang Xiaoqing	Employee Representative Supervisor		3.96		7.08		11.04		0.00		2.82		13.86		0.00		13.86
Zhao Peng	Vice President		93.98		93.98		187.96		56.39		17.38		205.34		56.39		148.95
Ruan Qi	Vice President		125.30		125.30		250.60		75.18		22.95		273.55		75.18		198.37
Zhan Zhong	Vice President		137.23		137.23		274.46		82.34		26.48		300.94		82.34		218.60
Yang Hong	Vice President		119.33		119.33		238.66		71.60		26.52		265.18		71.60		193.58
Zhao Guodong	Assistant to President		16.25		58.94		75.19		35.36		5.71		80.90		35.36		45.53
Xu Chongmiao	Compliance Officer		52.75		91.19		143.94		0.00		31.89		175.83		0.00		175.83

2

Information regarding the compensation of directors, supervisors and senior management members who resigned or retired in 2019

Xu Hengping	Executive Director and Vice President	0.85	0.00	0.85	0.00	1.79	2.64	0.00	2.64
Xu Haifeng	Executive Director and Vice President	53.06	52.21	105.27	31.33	10.09	115.36	31.33	84.03
Shi Xiangming	Supervisor	9.89	16.49	26.38	3.30	4.67	31.05	3.30	27.75
Tang Yong	Supervisor	4.74	7.49	12.23	0.00	2.78	15.01	0.00	15.01
Huang Xin	Employee Representative Supervisor	—	—	—	—	—	—	—	—
Song Ping	Employee Representative Supervisor	48.35	92.72	141.07	7.06	30.74	171.81	7.06	164.75
Zhao Lijun	Vice President	95.47	95.47	190.94	57.28	15.19	206.13	57.28	148.85
Xiao Jianyou	Vice President	52.21	52.21	104.42	31.33	9.84	114.26	31.33	82.93
Total	/	/	/	/	/	/	/	/	2,287.15

Notes:

1. The total remuneration before tax in the above table refers to the total amount of remuneration of directors, supervisors and senior management members of the Company for the year 2019 and includes the amount disclosed in the Company’s 2019 annual report.

2. The remuneration of directors, supervisors and senior management members of the Company is calculated based on their respective terms of office in 2019.

3. The remuneration of directors and supervisors of the Company in 2019 is subject to the approval at the general meeting of the Company.

By Order of the Board

China Life Insurance Company Limited

Heng Victor Ja Wei

Company Secretary

Hong Kong, 17 December 2020

As at the date of this announcement, the Board of Directors of the Company comprises:

Executive Directors:	Wang Bin, Su Hengxuan, Li Mingguang
Non-executive Directors:	Yuan Changqing, Liu Huimin, Yin Zhaojun, Wang Junhui
Independent Non-executive Directors:	Chang Tso Tung Stephen, Robinson Drake Pike, Tang Xin, Leung Oi-Sie Elsie

3