The invention discloses a floating type bulletproof life jacket. The floating type bulletproof life jacket comprises a hood and a vest connected with the hood, wherein the hood comprises a mask body, and observation holes, a breathing hole, a sounding hole, listening holes and bulletproof inserting plates arranged on the mask body; the observation holes, the breathing hole, the sounding hole, the listening holes correspond to the face structure of a human body; the first bulletproof inserting plate is fixed at the top part of the hood body in an inserting manner; the vest comprises a front part and a rear part; the front part and the rear part are both whole fabrics; each fabric comprises an outer-layer fabric, a second bulletproof inserting plate, a diving bin and an inner-layer fabric in sequence from outside to inside; the front part and the rear part are overlapped by one or more nylon hook and loop fasteners. The floating type bulletproof life jacket disclosed by the invention has the advantages of better bulletproof, shrapnel-proof and stab-proof functions and convenience in wearing.