BEIJING, Sept 12 (Reuters) - Wang Bin, former chairman of China Life Insurance Co and its former Communist Party chief, was sentenced to death with two-year reprieve for corruption, state-owned China Central Television (CCTV) said Tuesday.

The sentence will be commuted to life imprisonment at the end of the two years, according to the CCTV statement. (Reporting by Beijing Newsroom, Editing by Louise Heavens)