Another important factor with slings, chains and rigging equipment is the angle of the chain. These things are safety rated at 5:1 on a STRAIGHT lift. If your chains are on an angle their load rating is compromised. The safe working load (SWL) of a chain straight up and down is equal to 2 chains coming off the same shackle at 45' angles. You should not exceed a 45' angle or the SWL gets less than a single chain and gets weaker as the angle increases.
Your photo only shows one chain connected but at a great angle. Looks like you still need to connect a second chain however the angle of the chains may be too severe and may require longer chains to lessen the angle. You could come straight up with the chain and wrap around the beam and back down to the same shackle
Example: 2 - 2' chains connected to a shackle and connected to a engine at points 2' apart will create a 45' angle on your chains.
This internet photo is bad. The angle on the chains is greater than 45' so the 2 chains are weaker than 1 chain. I had a rigger's ticket in the 70's and worked with rigging in construction and logging. No one ever rigged anything like you see in this photo. Sure you can use 1" chain and it'd take it but just the sight of it sets off alarm bells and it's just not done. The distance from the 2 mounting points on the I beam should be the same length as the chains or smaller but never bigger. It should have longer chains here or a shorter spreader bar.
Google "Handbook for riggers" and you should find some good info and diagrams.