Core Viewpoint - The scheduled interest rate for insurance products in China is set to decrease to 2.0%, significantly impacting consumers' insurance purchases and the insurance industry as a whole [1][7]. Summary by Relevant Sections Impact on Savings-Type Insurance - The reduction in the preset interest rate will lead to a notable decrease in the returns from savings-type insurance products, affecting future pension payouts and overall wealth accumulation for families [2][5]. - The cash value growth of products like endowment life insurance will slow down, diminishing the long-term wealth appreciation effect [2][5]. Impact on Protection-Type Insurance - Premiums for protection-type insurance products, such as critical illness and term life insurance, are expected to rise. For instance, a 30-year-old male will see an increase of 1,830 yuan annually for a specific critical illness insurance product due to the new rate [2][4]. - The average premium increase across various products is estimated to be around 20%, with products that include investment savings features likely experiencing higher adjustments compared to pure protection products [3][4]. Financial Planning Uncertainty - The decrease in preset interest rates introduces uncertainty into long-term financial planning, particularly for essential needs like retirement and education funding, necessitating a reassessment of financial goals and strategies [5][6]. Strategies for Consumers - Consumers are advised to take advantage of the remaining time before the new rates take effect by locking in higher interest rate products, particularly in annuity insurance [6][7]. - It is recommended to diversify asset allocation to mitigate interest rate risks, including increasing investments in fixed-income assets like government bonds [6][7]. - Families without basic protection insurance are encouraged to finalize their plans before premium increases, opting for products that combine protection and savings [6][7].