On 26th of September 2012, The Ministry of Finance and Revenue, permitted to use the name of EXCELLENT FORTUNE INSURANCE CO., LTD. On 6th of October 2013, EXCELLENT FORTUNE INSURANCE CO.,LTD was granted a license (011) by IBRB to provide Life Insurance. On 5th of December 2018, a change was made from EXCELLENT FORTUNE INSURANCE CO., LTD to EXCELLENT FORTUNE GENERAL INSURANCE CO., LTD. On 1st of April 2019, EXCELLENT FORTUNE GENERAL INSURANCE CO., LTD. was granted as (007) license and EXCELLENT FORTUNE LIFE INSURANCE CO., LTD. was granted as (011) license from IBRB.