万能险结算利率下调！多数不超3%

Core Viewpoint - The settlement interest rates for universal insurance products are on a downward trend, with most rates falling between 2.5% and 3%, and some reaching up to 3.5% [1][4][3]. Group 1: Settlement Interest Rates - Nearly 300 universal insurance products have disclosed their settlement interest rates for August, with 24 products exceeding a 3% annual settlement rate, and the highest reaching 3.5% [3][4]. - Approximately 85% of the universal insurance products have annual settlement rates not exceeding 3%, with some rates decreasing compared to July [4][1]. - The settlement rates have been declining over the years, with most products in 2024 having rates above 3%, while in 2023, many products had rates above 4% [4][1]. Group 2: Impact of Market Conditions - The decline in settlement interest rates is linked to the investment performance of insurance companies, as lower yields on fixed-income assets and volatility in equity assets affect investment returns [4][6]. - Regulatory measures are being implemented to mitigate interest rate risk, including lowering the upper limit of settlement rates to align with actual investment returns [4][6]. Group 3: Changes in Guarantee Rates - The minimum guarantee rates for universal insurance products are also being reduced, with new regulations lowering the maximum preset rates for various insurance products [6][4]. - The adjustments in guarantee and settlement rates are intended to reduce the liability costs for insurance companies and alleviate interest rate risk [6][4]. Group 4: Regulatory Environment - In April, the financial regulatory authority issued guidelines to strengthen the supervision of universal life insurance, including prohibiting the development of products with terms shorter than five years [7]. - The guidelines encourage insurance companies to adjust product design elements to extend the actual duration of policies and require prudent determination of settlement rates based on real investment conditions [7]. Group 5: Future Outlook - The future trajectory of universal insurance settlement rates is expected to correlate with market interest rates, which are currently in a downward trend [7]. - Despite the declining rates, universal insurance products maintain appeal due to their flexibility and the protection they offer beyond just investment returns [7].