万能险开启漏洞修补模式 规范利率结算

Core Viewpoint - The new regulations for universal life insurance aim to enhance the protection function and ensure better management of investment risks, with a focus on long-term policies and strict control over interest rates and fund utilization [1][3][7]. Group 1: Regulatory Changes - The proposed regulations require that the insurance coverage period for universal life insurance must not be less than five years, encouraging the development of policies with a duration of 20 years or more [1][3]. - The draft emphasizes that universal life insurance products should not be designed as universal types, except for whole life insurance, endowment insurance, and annuity insurance [3][4]. Group 2: Risk Management - The regulations stress the importance of using the actual investment returns of separate accounts for policy benefit settlements, prohibiting any artificial inflation of account values [5][6]. - Insurance companies are required to establish one or more separate accounts for universal life insurance, ensuring that assets are managed independently to enhance transparency and protect consumer interests [6][7]. Group 3: Fund Utilization - The draft outlines strict controls on the investment of universal life insurance funds, limiting the proportion of high-risk assets and ensuring diversification to mitigate risks [7]. - Specific investment limits are set, such as maintaining at least 5% of the account value in liquid assets and capping investments in unlisted equity, real estate, and other financial assets at 50% of the account value [7].