2 1 Shi Ji Jing Ji Bao Dao·2026-01-19 10:34Core Viewpoint - The recent disclosure of 2025 settlement rates for exclusive commercial pension insurance products by multiple insurance institutions highlights a promising investment opportunity amidst declining bank deposit rates and fluctuating wealth management product values. The majority of these products offer competitive returns, with over 80% of them exceeding a 3.00% settlement rate for 2025 [1][2][8]. Summary by Category Insurance Product Performance - A total of 40 exclusive commercial pension insurance products have been reported, with settlement rates for stable accounts ranging from 2.00% to 4.35%, and for aggressive accounts from 2.50% to 4.55% [1][2]. - Among these products, 70 accounts (87.5%) have a settlement rate exceeding 3.00% [1][2]. - Notably, the products from Nongyin Life and Guomin Pension have all their settlement rates above 4.00%, with Nongyin Life's stable and aggressive accounts both at 4.35% and 4.55%, respectively [8]. Market Context - The backdrop of declining deposit rates has led to increased difficulty for investors seeking stable returns, prompting a shift towards pension insurance products as a viable alternative [2][8]. - The trend of "deposit special forces" among young investors reflects the growing demand for higher interest rates, which has become increasingly challenging to find in traditional banking products [2]. Product Structure and Design - Exclusive commercial pension insurance products are designed with both stable and aggressive accounts, allowing for a balance between guaranteed returns and potential higher yields [10][14]. - The unique structure of these products enables insurance companies to adopt long-term investment strategies, optimizing returns despite a low-interest environment [9][10]. - There is a notable phenomenon where some stable accounts are yielding higher returns than aggressive accounts, contrary to typical expectations [11]. Target Audience and Flexibility - These products cater to the needs of flexible employment groups, offering more adaptable payment options compared to traditional annuity insurance [12][14]. - The ability to choose between different account types and adjust contributions provides consumers with a tailored approach to retirement planning [13][14]. Regulatory Environment - The regulatory framework for exclusive commercial pension insurance includes mechanisms for monitoring settlement rates and ensuring financial stability, which enhances consumer confidence in these products [20].