# FTLife Insurance

FTLife Insurance is an Insurance based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** Kowloon Bay, Hong Kong
- **Founded:** 1985
- **Assets under management:** $10B - $20B (Altss estimate)
- **Website:** ftlife.com.hk
- **LinkedIn:** https://linkedin.com/company/ftlife-insurance-company-limited

## Regulatory record

- **Reports private funds:** No

## About

FTLife Insurance Company provides individual and institutional clients with insurance plans and MPF services, including life insurance, medical insurance, and accident insurance. It offers insurance products to clients.

## Sectors

- Insurance
- Real Estate
- Healthcare Services
- Luxury
- Infrastructure
- Media & Entertainment
- Education

## Offices

- Kwun Tong, Kowloon, Hong Kong

## People

- Henry Cheng — Chairman, Chow Tai Fook Enterprises
- Adrian Cheng — Executive Vice-Chairman, New World Development

## Questions

### Who controls FTLife Insurance?

FTLife is ultimately controlled by the Cheng family through Chow Tai Fook Enterprises and New World Development. The immediate parent is NWS Holdings (now CTF Services Limited), which acquired the insurer in 2018 and has since integrated it into the family's broader ecosystem of property, infrastructure, and lifestyle businesses. Adrian Cheng, Executive Vice-Chairman of New World Development, has been the most visible executive associated with the strategy.

### How does FTLife connect to New World Development and K11?

FTLife policyholders access K11 Musea and Victoria Dockside through the CTF Life • CIRCLE loyalty program, which ties into the New World CLUB and KLUB 11 membership network. This structure converts insurance relationships into recurring foot traffic and spending at Cheng family retail and hospitality properties, making FTLife a customer-acquisition engine for the wider ecosystem.

### Does FTLife have a healthcare strategy?

Yes, the firm has structured two alliances: a partnership with Gleneagles Hospital Hong Kong for integrated health management services, and an arrangement with UMP Healthcare Holdings that provides medical and wellness benefits to policyholders. These are operational alliances rather than direct acquisitions, designed to contain claims costs while improving customer retention.

### What does FTLife's investment portfolio hold?

The portfolio is anchored in Hong Kong commercial property, with owned assets including FTLife Tower in Kowloon Bay and The GalaMuse at K11 Musea. The firm also carries a commodity investment portfolio and maintains the bulk of its investable assets in Hong Kong, reflecting a domestic bias aligned with the Cheng family's broader real estate and infrastructure holdings.

### Is FTLife a public company or a privately held insurer?

FTLife was originally listed on the Hong Kong Stock Exchange but was privatized after NWS Holdings acquired the company. It now operates as a wholly-owned subsidiary within the Chow Tai Fook conglomerate structure, with no separate public listing. This private ownership allows the Cheng family to manage the float without quarterly earnings pressure.

## Related profiles

- [FSS Pension Scheme](https://altss.com/profile/fss-pension-scheme)
- [Fu Sheng Group](https://altss.com/profile/fu-sheng-group)

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Last updated: 2026-05-30T16:17:09.734Z

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