The invention discloses a safety protection handle of a hoisting ring. The safety protection handle comprises an upper snap ring (1), a knob (3), a lower snap ring (4), a top thread (5), a clamp (7), a fixing bolt (8) and a split pin (9), and is characterized in that: the knob (3) of the safety protection handle of the hoisting ring has a U-shaped structure; the upper end of the safety protection handle is provided with the upper snap ring (1), and the lower end of the safety protection handle is provided with the lower snap ring (4); the lower edge of the lower snap ring (4) is provided with the top thread (5) and a safety rope hole (6); the knob (3) is connected with an omega-shaped clamp (7) through the upper snap ring (1) and the lower snap ring (4) by the fixing bolt (8); and the end of the fixing bolt (8) is provided with the split pin (9). The safety protection handle has a novel structure, is safe and reliable, and is convenient to operate. The safety protection handle is arranged on a force providing part on the outer side for picking and hanging the hoisting ring, and a safety rope of a safety pin can be fixedly tacked on the top thread and the safety rope hole on the lower edge of the lower snap ring, so the problem that the conventional lift sub pin safety rope has no fixed position is solved, and then the safe production of an oil field is guaranteed.