近六成产品不足3%，万能险结算利率到底了吗？

Core Viewpoint - The article discusses the recent trends in universal insurance products, particularly focusing on the settlement interest rates, which have seen a decline due to regulatory changes and market conditions. The highest settlement rate is currently at 3.5%, while the lowest is at 0.36%, indicating a significant drop in rates compared to previous years [1][2][3]. Group 1: Settlement Rates Overview - As of May 22, 653 universal insurance products have reported their April settlement rates, with 20 products achieving the highest rate of 3.5% [2]. - The distribution of settlement rates shows that 41% of products have rates at or above 3%, while 59% are below this threshold [2]. - Compared to the end of last year, there has been a noticeable decline in settlement rates across various products [2]. Group 2: Regulatory Impact - Recent regulatory actions aim to standardize the design and marketing of universal insurance products, reflecting a clear intention to manage both asset and liability sides more effectively [1][3]. - The Financial Regulatory Authority has prohibited the development of universal insurance products with terms shorter than five years, encouraging longer-term policies [7]. - The new regulations allow for adjustments to the minimum guaranteed interest rates, indicating that future rates may not be guaranteed [7]. Group 3: Market Conditions and Future Outlook - The decline in settlement rates is attributed to lower yields on fixed-income assets and the need for insurance companies to manage liability costs effectively [3][4]. - Some products have already reached their minimum guaranteed rates, limiting further reductions, while others may still see declines in a low-interest-rate environment [4][5]. - The minimum guaranteed interest rates have been decreasing, with the upper limit set to drop to 1.5% by October 2024, which will further affect the attractiveness of these products [4][7]. Group 4: Consumer Perspective - Despite the expected decline in settlement rates, universal insurance products may still offer higher returns than some bank deposit rates, maintaining their appeal for low-risk investors [7][8]. - The products are seen as suitable for consumers looking for stable, long-term investment options, aligning with regulatory encouragement for long-term universal insurance [8].