The former Chairman of China life insurance Wang Bin has been sentenced to death with a two-year reprieve - which means after two years the sentence will be commuted to life in prison without parole.

China corruption crackdown: Former China life insurance Chief Wang Bin imprisoned

Wang Bin, who is the chairman of China's biggest insurer is being probed by Communist Party's anti-corruption commission. The China Central Commission for Discipline Inspection said in a statement, “Wang suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and investigation.

Chairman of China's biggest insurer being probed by Communist Party's anti-corruption commission

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China corruption crackdown: Former China life insurance Chief Wang Bin imprisoned

Chairman of China's biggest insurer being probed by Communist Party's anti-corruption commission