Core Viewpoint - The National Financial Supervision Administration has issued a notification regarding the implementation of the "China Life Insurance Experience Life Table (2025)" starting January 1, 2026, which will replace the previous version from 2010-2013 [1][2]. Group 1: Life Table Implementation - The "Fourth Life Table" includes various tables for pension and non-pension businesses, with the single life table being newly compiled to better reflect individual life patterns and improve comparability with population mortality rates [1]. - The notification regulates the use of the life table for insurance product pricing, reserve assessment, and dividend distribution, while emphasizing the actuarial responsibilities of insurance companies [1]. Group 2: Industry Impact - The new life table reflects changes in population risk characteristics, aiding insurance companies in accurately setting insurance coverage and offering diverse, high-quality, and stable-priced insurance products to meet the growing demand for insurance protection and wealth management [2]. - The notification aims to enhance the precision and scientific basis of product pricing, strengthen proactive risk management, protect consumer rights, and promote high-quality development within the insurance industry [2].
人身保险业第四套生命表发布 监管规范使用要求
Zhong Guo Jing Ying Bao·2025-10-29 13:12