2025金融街论坛｜人身险第四套经验生命表重磅发布，终身寿险保费有望下降，年金险保费或涨

Core Viewpoint - The release of the "2025 Experience Life Table" by the China Actuarial Society marks a significant update in the life insurance industry, reflecting changes in population life expectancy and mortality rates, which will influence product design and pricing in the insurance sector [1][4][10]. Group 1: Life Table Overview - The 2025 version of the life table includes various tables for pension and non-pension businesses, serving as a crucial tool for pricing, reserve assessment, and risk management in insurance [4][6]. - The life table indicates a continuous increase in life expectancy, with the fourth version showing an approximate 10-year increase compared to the first version [4][6]. - Improvements in child mortality rates and reduced mortality in economically underdeveloped regions highlight the success of national strategies like poverty alleviation and rural revitalization [4][6]. Group 2: Impact on Insurance Products - The updated life table will provide essential data for designing more scientifically sound insurance products, particularly in pension and death risk coverage [6][10]. - The introduction of the single life table allows for more personalized product pricing and risk assessment, enabling insurance companies to better meet consumer needs [6][10]. - The anticipated changes in mortality rates suggest potential decreases in premiums for life insurance products, while pension products may see an increase due to extended payout periods [8][9]. Group 3: Regulatory Framework - The Financial Regulatory Authority has issued a notification to guide the use of the new life table, emphasizing the need for prudent assessment of mortality rates and fair distribution of dividends [11][12]. - The notification aims to enhance the actuarial responsibilities of insurance companies, ensuring that they effectively utilize the life table for risk management and consumer protection [12]. - Future developments may include real-time adjustments to individual risk rates based on advanced AI models, promoting fairness in insurance pricing [12][13].