理性看待人身险预定利率下调

Core Viewpoint - The adjustment of the predetermined interest rates for life insurance products is a response to the ongoing decline in market interest rates and aims to stabilize the insurance industry while addressing asset-liability matching pressures faced by insurance companies [1][2]. Group 1: Predetermined Interest Rate Adjustments - The current research value for the predetermined interest rate of ordinary life insurance products is set at 1.99%, which is 25 basis points lower than the existing rate [1]. - The maximum predetermined interest rates for new insurance products have been adjusted: ordinary life insurance to 2.0%, participating insurance to 1.75%, and universal insurance to a maximum guaranteed rate of 1.0% [1]. - The adjustment mechanism was triggered by a notification from the National Financial Regulatory Administration, which established a link between predetermined rates and market rates [1]. Group 2: Market Impact and Product Development - Frequent adjustments to predetermined interest rates can lead to increased costs for insurance companies in product development and switching, potentially affecting market expectations [2]. - The current adjustment reflects a balance between the current market environment and the future development of the life insurance market, particularly encouraging the growth of participating insurance products [2]. - The life insurance industry has gained experience in product development and system switching over the past five years, allowing for a more mature response mechanism to these changes [2]. Group 3: Industry Challenges and Opportunities - The decline in market interest rates, coupled with an aging population, presents both challenges and opportunities for the life insurance industry [3]. - Insurance companies are encouraged to enhance their market sensitivity and judgment, focusing on cost reduction, efficiency improvement, and product innovation to elevate operational capabilities and service levels [3].