上半年保费出炉！人身险单月增16%，预定利率下调后能否继续“猛涨”

Core Insights - The insurance industry reported a total original insurance premium income of 3.74 trillion yuan in the first half of the year, representing a year-on-year growth of 5.04% compared to the same period in 2024 [1][3] - Life insurance premiums continued to show high growth, with a monthly growth rate of 16% in June, maintaining a strong upward trend [1][4] - The demand for savings-type insurance products has surged due to the continuous decline in deposit interest rates, while the adjustment of preset interest rates poses a significant variable for the life insurance market [1][5] Premium Income Breakdown - Life insurance premium income reached 2.96 trillion yuan, growing by 5.34% year-on-year, while property insurance premium income was 774.4 billion yuan, up by 3.90% [3] - In June alone, life insurance companies generated original premium income of 490.8 billion yuan, marking a 16.3% increase compared to the previous year [4] Claims and Payouts - The insurance industry incurred claim payouts of 1.35 trillion yuan in the first half of the year, reflecting an increase of 8.6% year-on-year [3] Market Dynamics - The current preset interest rate for ordinary life insurance products has dropped to 1.99%, down 14 basis points from the previous quarter, triggering adjustments in the maximum preset interest rates for various insurance products [5] - Major insurance companies like China Life and Ping An Life have announced adjustments to the maximum preset interest rates for their new insurance products, with ordinary life insurance set at 2% and dividend-type insurance at 1.75% [5] Future Trends - While the short-term outlook suggests that the reduction in preset interest rates may stimulate premium growth, the long-term attractiveness of life insurance products may diminish [6] - The life insurance premium growth rate is expected to stabilize in the medium to long term, maintaining a monthly growth range of 5% to 8% [6] - The sustainability of high growth rates will depend on product innovation and service enhancement, rather than solely relying on interest rate advantages [7]