最新1.89%！人身险产品预定利率研究值“四连降”

Core Viewpoint - The predetermined interest rate for personal insurance products has been updated to 1.89%, marking a fourth consecutive decline, but the rate of decrease is narrowing, indicating a stabilization trend in the market [1][2][3]. Group 1: Predetermined Interest Rate Updates - The latest predetermined interest rate research value is set at 1.89%, down from previous values of 2.34%, 2.13%, 1.99%, and 1.90% in the first three quarters of 2025 [2]. - The decline in the research value is attributed to the implementation of a mechanism linking predetermined rates to market rates, which has been effective in reducing costs and enhancing risk management within the industry [1][2]. Group 2: Market Influences and Trends - The narrowing decline in the research value is primarily due to the stability of the 10-year government bond yield, which is currently around 1.8% [3]. - Analysts suggest that while interest rates may continue to decline, the extent of future reductions will be limited, providing a stable foundation for insurance product design [2][4]. Group 3: Future Projections - Industry experts predict that the predetermined interest rate for personal insurance will remain stable at current levels through 2026, with expectations that the 10-year government bond yield will not drop below 1% [4][5]. - The insurance sector's premium income growth is closely linked to previous investment returns and current bank deposit rates, indicating a potential increase in demand for insurance products with floating returns [4].