Sumitomo Life Insurance Company (住友生命保険相互会社) is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka. In 2005, the company announced a joint venture with the People's Insurance Company of China. The new company was named PICC Life Insurance, which sells insurance products, including savings-oriented endowment insurance policies. In 2012, Sumitomo Life decided to become a strategic partner of Bao Viet Insurance from Vietnam by acquiring 18% of the company's shares previously held by HSBC.