Claim: Samsung Life Insurance is part of a conglomerate.

Samsung Life Insurance -LRB- Korean : 삼성생명보험 , -RRB- is a South Korean multinational insurance company headquartered in Seoul , South Korea , and a subsidiary of the Samsung Group . It is the largest insurance company in South Korea and a Fortune Global 500 company .   Samsung Life 's principal products include life , health insurance and annuities . Samsung Life was a private company from its foundation in 1957 until it went public in May 2010 . The IPO was the largest in South Korean history and made Samsung Life one of the country 's most valuable companies measured by market capitalization . Its headquarters are situated across from Namdaemun , a historic gate located in the heart of Seoul .