China Life Insurance Co Ltd, the nation's largest life insurer, plans to test the property market waters to diversify its investment portfolio, the company's Chairman Yang Chao said yesterday.

"China Life will seek investment opportunities in infrastructure, equity, fixed-income securities and the property market," Yang said.

According to Yang, the China Insurance Regulatory Commission is expected to allow insurers to invest in infrastructure and real estate soon and is working out the modalities in this regard.