Qi Lu Wan Bao·2025-07-09 10:54Core Viewpoint - Ping An Life Insurance has launched its first personal pension insurance product, "Ping An Shengshi Youxiang Pension Annuity Insurance (Participating)," to meet the diverse pension savings and security needs of consumers and to support tax incentive policies [1][9]. Product Features - The "Shengshi Youxiang" product emphasizes "saving now, peace of mind later," providing valuable pension savings options for customers [2]. - Customers can enjoy tax benefits, with a maximum annual tax saving of 5,400 yuan during the contribution period [2][11]. - The product offers flexible payment options with up to nine different payment periods, catering to various financial capabilities and preferences [2][11]. Customer Example - A case study of a 35-year-old customer illustrates the potential savings and benefits: by contributing 12,000 yuan annually until age 60, the customer could save 75,000 yuan in taxes over 25 years, with potential annual pension payouts of approximately 21,865 yuan or 27,940 yuan depending on dividend participation [3][5][7]. Additional Services - Customers meeting specific criteria can access the "Zhenxiang Family Medical" service, which includes health consultations and regular check-ups, enhancing their overall retirement experience [4][8]. Company Background - Ping An Life has been a leader in pension finance for 30 years, serving around 14 million pension insurance customers and continuously expanding its product offerings to meet market demands [5][6]. - The company has optimized its asset-liability matching and maintained stable investment performance, aiming to provide long-term returns for policyholders [5][6]. Market Context - The personal pension system in China, supported by government policies, has gained popularity since its pilot launch in November 2022, with over 70 million accounts opened and nearly 500 billion yuan in contributions by the end of November 2024 [8][9]. - The recent announcement to implement the personal pension system nationwide is expected to further stimulate participation and strengthen the pension security framework in China [8][9].