Archive · 19 Nov 2025
Former China Life Insurance Chief Sentenced to Death for Corruption
A Chinese court sentenced the former head of New China Life Insurance to death for stealing and taking bribes worth more than $28 million over 14 years.
He will not be executed immediately, but will serve a two-year prison term first.
This is a serious case of corruption in China's insurance industry.
Li Quan, former chairman of New China Life Insurance, sentenced to death with a two-year reprieve
Convicted of embezzling and accepting bribes totaling over 200 million yuan ($28.13 million)
Crimes committed between 2010 and 2024
Shandong province court handed down the sentence
CCTV reported the news on Wednesday
- Who
- Li Quan, former chairman of New China Life Insurance
- What
- Sentenced to death for corruption
- When
- Wednesday (sentencing date)
- Where
- Shandong province court, China
- Why
- For embezzling and accepting bribes
- Total amount involved
- Over 200 million yuan ($28.13 million)
- Crime duration
- 2010 to 2024 (14 years)
- Sentence
- Death with a two-year reprieve