Sun Life Financial signed today an agreement with the China Everbright Bank to distribute pensions and protection products throughout China. Terms of the agreement were not disclosed.

The agreement involves Sun Life Financial, China Everbright Bank, and Sun Life Everbright Life Insurance Co. Ltd., which is a joint venture between Sun Life Financial and the China Everbright Group Ltd.

“Since its establishment four years ago, Sun Life Everbright has leveraged its knowledge, people and resources to grow significantly,” said Donald Stewart, Chief Executive Officer, Sun Life Financial, in a news release. “We are confident this initiative will contribute to our significant business growth in China, and help us reach new regions and people.”

The agreement’s initial focus will be on distribution of Sun Life Everbright pension products in conjunction with China Everbright Bank’s enterprise annuity offerings, which are a form of group pensions.

Under the agreement, China Everbright Bank will eventually distribute individual and group pension, health, and accident insurance products as well as annuities through its nationwide network of banks.

“We are very pleased that we have been able to reach this agreement with Sun Life, a leading international insurance and wealth management company,” said Xu Bin, chairman, Sun Life Everbright Life Insurance. “We look forward to combining the strengths of Sun Life and Everbright Bank to better serve the people of China and their evolving financial security needs.”

Founded in August of 1992 and headquartered in Beijing, China Everbright Bank is the first state-owned commercial bank with shares held by international financial institutions. The bank has expanded to include a total of 370 branches and sub-branches in 36 cities in 23 provinces.