Core Viewpoint - The commercial health insurance sector is transitioning from a risk compensator to a health manager, driven by demographic changes and diverse market demands, alongside the "Healthy China 2030" strategy [1] Group 1: Company Strategy and Initiatives - Fude Life Insurance launched the "Health Life" brand, a customer demand solution system integrating "insurance + service," marking a significant step in its high-quality transformation [2] - The company emphasizes returning to its core responsibilities and main business, aligning with regulatory requirements and industry repositioning [2][3] - Fude Life Insurance's mid-year report shows a continuous optimization of its premium structure, with renewal premiums accounting for 71.2%, indicating a strong commitment to its core business [3] Group 2: Product and Service Innovation - The "Health Life" brand aims to address the gaps in the health insurance market, particularly in health risk management for vulnerable groups, by integrating advanced medical services into its offerings [4][5] - The company has introduced a differentiated approach by embedding core insurance services into contract terms, ensuring that services are a formal part of the insurance coverage [5][6] - Fude Life Insurance's "four-wheel drive" system integrates comprehensive insurance protection, health services, product promotion, and cost control, creating a complete operational loop [6] Group 3: Sales and Customer Engagement - The company is pioneering an "experiential sales" model, allowing customers to engage with health management services directly, enhancing the perceived value of insurance [7][8] - Fude Life Insurance focuses on strategic synergy between health and elderly care, enhancing customer quality of life through integrated services [8] - The company has seen significant engagement, with over 74,000 customers covered under the "Fude Housekeeper" service since 2024, reflecting the success of its innovative sales approach [7][8] Group 4: Industry Context and Future Outlook - The shift in the commercial health insurance sector is not just about new products but a deep return to the essence of insurance protection, driven by regulatory guidance and the need for the industry to adapt to an aging society [9] - Fude Life Insurance's initiatives represent a beneficial exploration for both the industry and its own high-quality development [9]

Core Viewpoint - The new regulations for universal life insurance aim to enhance the protection function and ensure better management of investment risks, with a focus on long-term policies and strict control over interest rates and fund utilization [1][3][7]. Group 1: Regulatory Changes - The proposed regulations require that the insurance coverage period for universal life insurance must not be less than five years, encouraging the development of policies with a duration of 20 years or more [1][3]. - The draft emphasizes that universal life insurance products should not be designed as universal types, except for whole life insurance, endowment insurance, and annuity insurance [3][4]. Group 2: Risk Management - The regulations stress the importance of using the actual investment returns of separate accounts for policy benefit settlements, prohibiting any artificial inflation of account values [5][6]. - Insurance companies are required to establish one or more separate accounts for universal life insurance, ensuring that assets are managed independently to enhance transparency and protect consumer interests [6][7]. Group 3: Fund Utilization - The draft outlines strict controls on the investment of universal life insurance funds, limiting the proportion of high-risk assets and ensuring diversification to mitigate risks [7]. - Specific investment limits are set, such as maintaining at least 5% of the account value in liquid assets and capping investments in unlisted equity, real estate, and other financial assets at 50% of the account value [7].

Group 1 - The theme of the 13th "7.8 National Insurance Publicity Day" is "Love and Responsibility: Insurance Makes Life Better," highlighting the importance of the insurance industry in safeguarding people's health and property [1] - The Chinese insurance market experienced a robust growth of 11.2% in 2024, contributing over half of the total premium income in Asia, and its global market share nearly doubled to 10.8% over the past decade, securing the second position worldwide [1] - Regulatory bodies have established policies to ensure the stable operation of the financial market and have effectively managed risks within insurance companies, emphasizing the need for compliance and consumer protection [1] Group 2 - Consumer rights protection in the insurance sector is crucial, with insurance agents playing a key role in accurately interpreting contracts and guiding consumers to recognize financial risks [2] - The China Insurance Consumer Confidence Index reached 72.5 in Q4 2024, a year-on-year increase of 7.2 points, indicating a significant rise in consumer awareness and a strong demand for insurance products [2] Group 3 - Continuous product innovation is essential for insurance companies to meet consumer needs, particularly in areas like income compensation and coverage for the elderly, amidst challenges of product homogeneity and competition [3] - As of Q1 2025, the total assets of the insurance industry in China reached 37.8 trillion yuan, reflecting a growth of 5.4% from the beginning of the year, aligning with long-term goals of economic and social stability [3]