Xin Hua Wang·2025-08-12 06:17Core Viewpoint - The China Life Insurance Company has launched its first personal pension product, "Guoshou Xinxingbao Exclusive Commercial Pension Insurance," in response to the new personal pension implementation measures released by five government departments on November 4, 2023 [1][3]. Group 1: Product Features - The "Guoshou Xinxingbao Exclusive Commercial Pension Insurance" offers five key features: safety and stability, clear transparency, flexible payment options, diverse benefits, and convenient service [1][2]. - The product includes two investment portfolio accounts, allowing customers to choose one or both based on their investment strategy [1]. - It adheres to principles of long-term, stable, and value investment, aiming for long-term capital preservation and appreciation [1]. Group 2: Insurance Benefits - In addition to providing pension annuity payments, the product also offers death benefits and disability care insurance, catering to diverse insurance needs [2]. - Customers can select various payment methods, including lump-sum payments, periodic payments, and additional contributions, to suit their financial planning [2]. - Upon meeting pension withdrawal conditions, policyholders can choose from multiple withdrawal options, including lifetime monthly or annual payments and fixed-term withdrawals [2]. Group 3: Tax Benefits and Social Responsibility - Policyholders can enjoy tax deductions within specified limits when purchasing personal pension insurance products, and investment income is not subject to personal income tax during the investment phase [3]. - The company aims to contribute to the establishment of a multi-tiered social security system that is inclusive, equitable, and sustainable, aligning with national development strategies [3]. - The company emphasizes its commitment to serving the public and enhancing its role as a stabilizing force in the economy and society [3].