【环球网财经综合报道】根据Wind统计，万能险结算利率总体处于下降态势。目前，443款万能险产品8月结算利 率出炉，结算利率最高为3.5%，最低为0.36%。其中，有6款万能险产品的结算利率为3.5%，结算利率高于3%的 万能险产品数量占比为34.53%。 相比而言，7月655款产品中，有11款万能险产品的结算利率为3.5%，结算利率高于3%的万能险产品数量占比为 41.83%。此外，今年1-4月，结算利率高于3%（含）的产品数量占比超过50%。 尽管如此，消费者选择万能险仍需谨慎。业内人士提醒，当前万能险多为组合销售，如年金险+万能账户，需确 认主险是否匹配自身需求。同时，万能账户的灵活性对保险公司投资能力提出一定要求。 进一步来讲，保险公司需通过优化资产配置、加强久期管理，努力稳定投资收益，为结算利率的合理性提供支 撑。而消费者在选择不同公司和不同产品的时候，还是需要做好充分的评估，既包括保险公司自身的资本实力、 市场口碑、过往业绩和投资能力，也包括产品的条款设计、保底收益和结算方式，再结合自己的风险偏好来做出 选择。（南木） 值得一提的是，万能险曾因结算利率超过4%，甚至达到5%，被很多消费者视为"高息 ...

Core Viewpoint - The market for universal insurance products is experiencing a significant decline in settlement interest rates, with most products now falling within the 2.5% to 3% range, reflecting a shift towards lower rates and increased risk prevention due to declining market interest rates and regulatory guidance [1][2]. Group 1: Interest Rate Trends - As of September 5, among nearly 300 disclosed universal insurance products, only 24 had settlement interest rates exceeding 3%, with the highest at 3.5%. Approximately 85% of products are now in the 2.5% to 3% range [2]. - The downward trend in settlement interest rates has become more pronounced over time, with many products previously offering rates above 4% in 2023 now significantly lower [2]. Group 2: Factors Influencing Rate Decline - The decline in universal insurance settlement rates is attributed to two main factors: the performance of insurance companies' investments and proactive regulatory guidance aimed at preventing industry-wide "interest spread loss" risks [3]. - The regulatory measures include a ban on developing short-term universal insurance products and stricter requirements for insurance companies to determine settlement rates based on actual investment performance [3]. Group 3: Future Outlook - The downward trend in universal insurance rates is expected to continue, as key market interest rates remain in a downward trajectory, indicating further potential for rate reductions [4]. - New regulations effective September 1 have lowered the maximum guaranteed interest rate for universal insurance products from 1.5% to 1.0%, which is anticipated to reduce insurance companies' liability costs and provide a buffer against low-interest environments [4]. Group 4: Market Value and Consumer Perspective - Despite the reduced attractiveness of yields, universal insurance products retain market value due to their flexibility and inherent insurance protection, emphasizing the need for consumers to focus on the product's protective attributes rather than solely on investment returns [6]. - Future competition among insurance companies is expected to shift from simple interest rate comparisons to a focus on product design, risk management, and overall customer service capabilities [6].

Core Viewpoint - The universal insurance market is experiencing a downward trend in settlement interest rates, with regulatory changes pushing for market transformation and stricter compliance requirements [1][5][6]. Group 1: Settlement Interest Rates - In August, 216 universal insurance products reported settlement interest rates, with the highest at 3.5% and most between 2.5% and 3.0% [1][4]. - The proportion of products with settlement rates below 3% has increased to 70%, up from 60% in July, indicating a significant decline in overall rates [4][5]. - The decline in settlement rates is attributed to lower bank deposit rates and potential interest margin risks faced by insurance companies [4][5]. Group 2: Regulatory Changes - The new regulatory framework, effective from May 1, allows insurance companies to adjust the minimum guaranteed interest rates for universal insurance, which could lead to both increases and decreases in rates [6][7]. - The regulations aim to enhance asset-liability management and protect customer interests, emphasizing the need for insurance companies to innovate and adapt their product offerings [7][8]. Group 3: Market Response and Product Design - Industry experts suggest that the focus should shift from high-yield competition to long-term value competition, encouraging consumers to prioritize the essence of insurance and risk management [8]. - Companies are advised to enhance investor education and utilize visual tools to demonstrate potential returns under different interest rate scenarios, thereby managing customer expectations [8].

Core Viewpoint - The median settlement interest rate for universal life insurance products has decreased to 2.75% in April, with expectations for further declines in the future due to regulatory tightening and lower investment returns [1][2][3]. Settlement Interest Rate Decline - As of April, 748 universal life insurance products reported settlement interest rates, with the highest at 3.5% for 21 products. 41.4% of these products have rates above 3%, while 58.6% are below 3% [2]. - Historical data shows a downward trend in both the median and arithmetic average settlement interest rates compared to previous years [2]. Premium Income Decline - The "new policyholder investment funds" for universal life insurance in Q1 amounted to 260.5 billion, a 7.8% decrease from the previous year [4]. - Factors affecting sales include the decline in guaranteed and actual settlement rates, as well as stricter regulatory policies [4]. - The upcoming regulatory changes will lower the maximum guaranteed interest rate for new universal life insurance products to 1.5% starting October 1, 2024 [4]. Future Outlook - Short-term projections indicate a continued decline in universal life insurance premiums, with no immediate positive factors for growth [5]. - Long-term, universal life insurance will remain a significant product for insurance companies, necessitating structural reforms and improved communication with consumers to ensure sustainable growth [5].

Core Insights - The median settlement interest rate for universal life insurance products in April is 2.75%, showing a downward trend compared to the same period last year and the end of last year [1][3] - The total premium income from universal life insurance has decreased by 7.8% year-on-year, with new policyholder investment contributions amounting to 260.5 billion yuan in the first quarter [3][4] Group 1: Settlement Interest Rates - A total of 748 universal life insurance products have released their April settlement interest rates, with the highest rate at 3.5% for 21 products [3] - 41.4% of the products have settlement interest rates of 3% or above, while 58.6% are below 3% [3] - Historical data shows a continuous decline in both the median and arithmetic average settlement interest rates since the beginning of the year [3] Group 2: Market Impact Factors - Factors such as the decline in settlement interest rates, stricter regulatory policies, and competition have negatively impacted the sales of universal life insurance [4] - The new regulatory cap on the minimum guaranteed interest rate for newly filed universal life insurance will be reduced to 1.5% starting October 1, 2024 [4] - Insurance companies are shifting their focus towards promoting participating insurance products, with many aiming to increase the sales ratio of these products to 50% or more [4]

Core Viewpoint - The median settlement interest rate for universal life insurance products has decreased to 2.75% in April, with expectations for further declines in the future due to regulatory tightening and lower investment returns [1][2][3]. Summary by Sections Settlement Interest Rate Decline - As of April, 748 universal life insurance products reported a median settlement interest rate of 2.75%, down from previous periods [1][2]. - The highest settlement interest rate among these products was 3.5%, with 21 products achieving this rate. A total of 57 products had rates above 3.0%, while 433 products fell between 2% and 3% [2]. - Historical data shows that the median and arithmetic average settlement interest rates have been on a downward trend since early 2024 [2]. Premium Income Decline - In the first quarter of this year, the new premium income from universal life insurance was 260.5 billion, representing a 7.8% decrease compared to the same period last year [4]. - Factors contributing to this decline include lower guaranteed rates, stricter regulatory policies, and increased competition from other insurance products [4]. - The upcoming regulatory changes will lower the maximum guaranteed interest rate for new universal life insurance products to 1.5% starting October 1, 2024 [4]. Future Outlook - Experts predict that premium income for universal life insurance may continue to decline in the short term, lacking positive growth factors [5]. - Long-term, universal life insurance is expected to remain a significant product for insurance companies, necessitating structural reforms and improved communication with consumers [5].