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

June 29, 2012

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  x            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  x

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 June 29, 2012, a copy of which is attached as Exhibit 99.1 hereto.

EXHIBIT LIST

Exhibit	Description
99.1	Announcement, dated June 29, 2012

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/ Wan Feng
		(Signature)
June 29, 2012	Name: Title:	Wan Feng President and Executive Director

EX-99.1

Commission File Number 001-31914

Exhibit 99.1

CHINA LIFE INSURANCE COMPANY LIMITED

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

(the “Company”)

(Stock Code: 2628)

ANNOUNCEMENT OF THE APPROVAL OF ISSUE OF

SUBORDINATED TERM DEBTS

Reference is made to the circular of China Life Insurance Company Limited (the “Company”) dated 5 April 2012 and the announcement of the Company dated 22 May 2012. At the annual general meeting held on 22 May 2012, the issue of subordinated term debts with an aggregate amount of not exceeding RMB38 billion was duly considered and approved.

The Company has recently received the approval from the China Insurance Regulatory Commission entitled “The Approval Concerning the Issue of Subordinated Term Debts by China Life Insurance Company Limited” , pursuant to which the Company was approved to issue subordinated term debts, the maturity terms of which are 10 years and 15 years, with an aggregate amount of not exceeding RMB38 billion. The issue of subordinated term debts shall be completed within 6 months from the date of the approval.

With regard to the issue of subordinated term debts, the Company will perform its information disclosure obligation in accordance with relevant regulatory requirements.

By Order of the Board of

China Life Insurance Company Limited

Heng Kwoo Seng

Company Secretary

Hong Kong, 29 June 2012

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

Executive Directors:	Yang Mingsheng, Wan Feng, Lin Dairen, Liu Yingqi
Non-executive Director:	Miao Jianmin
Independent Non-executive Directors:	Ma Yongwei, Sun Changji, Bruce Douglas Moore, Anthony Francis Neoh