A member of Chow Tai Fook Group (formerly known as FTLife), joined the New World Group in 2019, becoming a wholly owned subsidiary of NWS Holdings Limited. It is one of the largest life insurance companies in Hong Kong and has served the region for nearly 40 years. The New World Group, a flagship of Chow Tai Fook Holdings owned by the Cheng family, includes brands like Victoria Dockside, K11 MUSEA, and Rosewood Hong Kong. In July 2024, FTLife was officially renamed Chow Tai Fook Life Insurance.