Form 6-K CHINA LIFE INSURANCE CO For: Jul 07

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

July 7, 2022

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

On July 7, 2022, China Life Insurance Company Limited issued an announcement in Chinese, the English translation of which is attached as Exhibit 99.1 hereto.

EXHIBIT LIST

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.

EXHIBIT 99.1

Commission File Number 001-31914

中 國 人 壽 保 險 股 份 有 限 公 司

CHINA LIFE INSURANCE COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 2628)

Announcement on the Implementation of Profit Distribution of the A Shares of China Life Insurance Company Limited for 2021

Important Notes:

The amount of cash dividends to be distributed is RMB0.65 per share (inclusive of tax).

The profit distribution plan has been reviewed and approved at the 2021 Annual General Meeting of China Life Insurance Company Limited (the “Company”) on June 29, 2022.

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Commission File Number 001-31914

All A Share shareholders of the Company whose names have been registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch (hereinafter “China Clearing Shanghai Branch”) when the Shanghai Stock Exchange closes as of the equity rights record date.

This announcement does not apply to the distribution of cash dividends to H Share shareholders. For the distribution of cash dividends to H Share shareholders, please refer to an announcement on resolutions passed at the Annual General Meeting issued by the Company on June 29, 2022 on the website of Hong Kong Exchange (www.hkexnews.hk).

The profit distribution is based on the total share capital of 28,264,705,000 shares of the Company before the implementation of the plan, and the Company will pay a cash dividend of RMB0.65 per share (inclusive of tax), totaling approximately RMB 18,372 million (inclusive of tax).

As of December 31, 2021, the Company’s core solvency adequacy ratio is 253.70%, and the comprehensive solvency adequacy ratio is 262.41%. As affected by this profit distribution, the solvency adequacy ratio of the Company will decrease by 4.57%. The solvency adequacy ratio of the Company remains at a relatively high level after this profit distribution, and meets the regulatory requirements.

The cash dividends of the China Life Insurance (Group) Company will be distributed by the Company. With respect to other shareholders, the cash dividends will be distributed by China Clearing Shanghai Branch through its clearing system to shareholders who have registered when the

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Commission File Number 001-31914

Shanghai Stock Exchange closes on the equity rights record date and have conducted relevant distribution procedures with respect to designated transactions at each member entity of Shanghai Stock Exchange. Shareholders who have conducted relevant procedures with respect to designated transactions may collect cash dividends on the distribution date at the designated securities sales department and the dividends to shareholders who have not conducted relevant procedures with respect to designated transactions will be kept with China Clearing Shanghai Branch and will be distributed after such procedures have been completed.

China Life Insurance (Group) Company.

When any individual shareholder or securities investment fund transfers its shares after the equity rights registration date, China Clearing Shanghai Branch will calculate the amount of tax payable based on the duration of holding of such shares, and a securities company or other stock depository agency shall deduct the amount of tax payable from the individual investor’s fund account and transfer to China Clearing Shanghai Branch, which will transfer the deducted amount of tax to the Company within the first five working days of the following month, and the Company will then file tax returns with and pay the tax to competent tax authority within the statutory filing period in the month it receives the tax payment. If the term of holding of such shares is less than one month (including one month), 100% of the dividend income of such investor shall be calculated as the taxable income and the income tax shall be levied on such taxable income at a rate of 20%; if the term of holding of such shares is between one month and one year (including one year), 50% of the dividend income of such investor shall be calculated

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Commission File Number 001-31914

as the taxable income for the time being and the income tax shall be levied on such taxable income at a rate of 10%; and if the term of holding of such shares is longer than one year, the dividend income of such investor shall be exempted from the individual income tax for the time being.

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Commission File Number 001-31914

Contact office: Office of the Board of Directors of the Company

Tel: 86 (10) 6363 2963

Board of Directors of China Life Insurance Company Limited

July 7, 2022

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