普通型人身险产品预定利率研究值调整至1.99%

Core Insights - The current research value for the predetermined interest rate of ordinary life insurance products is 1.99%, down from 2.34% in January and 2.13% in April [1] - The insurance industry is facing new challenges due to the continuous decline of mid-to-long-term interest rates and the enhanced impact of new accounting standards on financial statements [1] - Major life insurance companies, including China Life and Ping An Life, announced adjustments to the maximum predetermined interest rates for newly filed insurance products, effective from August 31 [1] Group 1 - The meeting organized by the China Insurance Industry Association highlighted the need for life insurance companies to enhance market sensitivity and judgment [1] - The maximum predetermined interest rate for ordinary insurance products is set at 2.0%, while for participating insurance products it is 1.75%, and for universal insurance products, the minimum guaranteed interest rate is 1.0% [1] - The dynamic adjustment mechanism for predetermined interest rates was implemented in January, requiring quarterly updates based on market rates [2] Group 2 - Life insurance companies are encouraged to continue cost reduction and efficiency improvement, as well as product transformation to adapt to the changing economic landscape [1] - The insurance industry is urged to strengthen research on economic conditions and industry development patterns to improve operational capabilities and service levels [1]