时隔十年，第四套生命表来了，对你的保费有什么影响？

Core Viewpoint - The release of the fourth mortality table for the life insurance industry in China reflects a significant update in mortality rates and life expectancy, impacting premium pricing and risk management practices in the sector [1][3][8]. Summary by Sections Release of the Fourth Mortality Table - The China Actuarial Society has officially published the "China Life Insurance Experience Mortality Table (2025)", marking the fourth edition since the last update in 2016 [1][2]. - The new table will be implemented starting January 1, 2026, as per the notification from the National Financial Regulatory Administration [1][2]. Changes in Mortality Rates and Life Expectancy - Compared to the previous table, the fourth mortality table shows a decrease in mortality rates and an overall increase in life expectancy, reflecting recent demographic changes in China [1][3]. - The average mortality rate is reported to have decreased by approximately 20% to 30%, while life expectancy has increased by about 2 years [4][6]. Impact on Insurance Premiums - The new mortality table is expected to influence premium pricing for various insurance products. For term life insurance, premiums may decrease due to lower mortality rates, while premiums for annuity products may rise due to increased life expectancy [4][5][6]. - However, the overall impact on premiums is anticipated to be modest, as companies will consider multiple factors beyond the mortality table in their pricing strategies [6][7]. Regulatory Requirements and Industry Practices - The notification outlines specific requirements for the use of the new mortality table, emphasizing the need for insurance companies to align their product pricing with the updated data while considering their own experience data [7][8]. - Companies are required to establish a review mechanism to ensure the accuracy of their actuarial models and to report any significant deviations in mortality rates [7][8].