(China Daily)
Updated: 2008-01-15 14:24

China Life has inked an all-around deal with China UnionPay, the nation's largest credit card service company.

The cooperation includes settlement, a bankcard and business innovation. For instance, insurance policyholders will be able to pay premiums online or with their mobile phones.

"The cooperation with China UnionPay is an important move in building China Life as a leading financial holding company," said Wan Feng, president of China Life.