今天分享的是：2025中国居民退休准备指数调研报告 报告共计：116页 2025中国居民退休准备指数调研报告核心总结 2025年中国居民退休准备指数为5.49，较2024年的5.34略有上升，整体保持稳定，呈现"认知强化、行动滞后、信心承压"的结构 性特征。居民对养老责任和财务规划的认知持续提升，但退休计划完善度、储蓄充分度及未来收入信心仍处于低位，标志着退 休准备进入从理念认知向行为转化的关键阶段。 从群体特征来看，高退休准备指数人群集中呈现80后、已婚、自评健康状况良好、研究生学历、就职于国有企业或外商/港澳台 商企业、金融素养较高等特征。收入与退休准备呈正相关，但并非唯一决定因素，部分低收入群体因金融素养高、储蓄意愿 强，准备水平甚至超过部分高收入者。区域分布上，呈现"东北领先、东中部稳步、西部追赶"的格局，黑龙江、辽宁等省份指 数领先，东部经济发达地区表现稳健，中西部部分省份进步明显，区域差距较往年有所收窄。 在养老生活预期方面，居民态度理性务实，居家独立养老仍是主流选择，多数希望维持现有生活水准。退休投资中，居民风险 承受度整体下降，更偏好本金安全和稳定收益，退休投资相对风险偏好平均为−0.15。不 ...

Core Insights - The 2025 China Resident Retirement Preparedness Index is 5.49, showing a slight increase compared to 2024, indicating a transition from awareness to action in retirement preparation [2][3] Group 1: Retirement Preparedness Index - The index measures retirement preparedness across six dimensions: awareness of retirement responsibility, financial planning awareness, understanding of financial issues, completeness of retirement plans, adequacy of retirement savings, and confidence in achieving expected income [3] - The index ranges from 0 to 10, with higher values indicating better preparedness; a score below 6 indicates insufficient preparation [3] - Key dimensions show significant improvement: retirement responsibility awareness (7.45) and financial planning awareness (7.36) are high, while retirement plan completeness (3.82), retirement savings adequacy (3.78), and confidence in expected income (4.85) are low, reflecting a gap between awareness and action [3] Group 2: Income and Retirement Preparedness - The retirement preparedness index increases with income, but the gap between different income groups is narrowing, with notable improvements in the low-income group [4] - Financial literacy, risk awareness, savings willingness, and social security participation are also critical factors influencing retirement preparedness [4] - The report introduces income replacement rate as a complementary indicator, showing a positive correlation with the retirement preparedness index [4] Group 3: Changing Retirement Needs - Retirement needs are shifting from basic security to rational planning and quality enhancement, with residents aiming to maintain their current living standards [5] - Independent living at home remains the preferred mode of retirement, while high-quality institutional care is gradually gaining traction among well-prepared and older groups [5] Group 4: Preferences for Financial Products - Residents exhibit a preference for low-risk financial products, with generational differences in choices: older generations prioritize safety and health insurance, while younger generations seek balance among housing, child-rearing, and retirement [6] - Recommendations include enhancing retirement planning tools, improving multi-tiered pension systems, and promoting financial literacy to facilitate the transition from awareness to action [6] Group 5: Elderly Care Market Dynamics - The elderly care market is transitioning from scale expansion to quality competition, with the number of care facilities nearly doubling in five years, reaching 406,000 by the end of 2024 [7] - Despite the growth, the average occupancy rate of care institutions is below 50%, highlighting a mismatch between supply and demand [7] - A new evaluation system for care institutions aims to improve quality and operational standards, moving the industry towards more refined and standardized operations [7]

Core Viewpoint - The Chinese insurance industry has achieved significant progress in high-quality development since the "14th Five-Year Plan," solidifying its position as the world's second-largest insurance market [1] Group 1: Insurance Industry's Role and Function - The insurance industry serves as a crucial pillar of the financial system and a stabilizer for the economy, enhancing resilience through risk diversification, loss compensation, and long-term capital supply [1] - Since the "14th Five-Year Plan," the insurance industry has paid out a total of 9 trillion yuan in claims, representing a 61.7% increase compared to the "13th Five-Year Plan" period [2] - The demand for reasonably priced and adequately covered commercial pension and health insurance is growing among residents, alongside increasing needs for liability insurance in emerging industries such as artificial intelligence and aerospace [2] Group 2: Financial Support for Economic Transformation - The scale of insurance fund utilization has exceeded 36 trillion yuan, supporting the real economy while achieving self-preservation and appreciation [3] - There is a need to optimize the allocation structure of insurance funds, which currently sees nearly 50% directed towards bonds, with relatively low investment in unlisted equity, stocks, and industrial investment funds [3] Group 3: Long-term Investment and Capital Market Stability - Insurance funds play a vital role as institutional investors in stabilizing market fluctuations and promoting value investment [4] - Regulatory bodies are encouraged to guide insurance funds to gradually increase their equity asset allocation and participate in corporate governance to support the growth of quality enterprises [4] Group 4: International Expansion and Global Competitiveness - Chinese insurance institutions have significant room for improvement in internationalization and global competitiveness [5] - Expanding overseas markets can meet the "going out" needs of Chinese enterprises and help insurance companies establish a second growth curve [5] - The future potential of the Chinese insurance market is vast, and by adhering to its foundational role and embracing reform, the industry can enhance quality, efficiency, and dynamism [5]

Core Insights - The Chinese life and health insurance market is expected to experience significant growth opportunities driven by demographic changes, healthcare payment reforms, and the introduction of commercial health insurance for innovative drugs [1][6][2] Group 1: Market Outlook - Despite current pressures such as low consumer demand and declining interest rates, the outlook for China's life and health insurance market remains optimistic, with premium growth expected to outpace GDP growth over the next decade [2][6] - By 2024, China's life and health insurance premiums are projected to reach $584 billion, accounting for 15% of the global market, with expectations to increase to 17% in the next ten years [2][6] Group 2: Key Growth Opportunities - The aging population in China is a significant driver, with the proportion of individuals aged 60 and above expected to rise from 22% in 2024 to 30% by 2035, indicating a growing demand for retirement financial products [6][2] - Healthcare payment reforms and the establishment of commercial insurance for innovative drugs are expected to clarify the roles of basic medical insurance and commercial insurance, facilitating the introduction of innovative products [6][7] - The further opening of the medical market, including the establishment of foreign-owned hospitals, is anticipated to attract advanced medical services and stimulate innovation in the health insurance sector [6][7] Group 3: Trends in Health Insurance - The health insurance market in China has seen over 30% compound annual growth rate in recent years, with premium income exceeding 800 billion yuan by 2020, although growth rates may stabilize moving forward [7][8] - Three key areas are identified for future growth: medical insurance, critical illness insurance, and nursing insurance, with a focus on product innovation in these segments [7][8] - Mid-range medical insurance is emerging as a key trend, driven by healthcare payment reforms, enhancing accessibility to new medical services and drugs for consumers [8]

Core Viewpoint - The Chinese life and health insurance market faces pressures but remains optimistic, with expected growth outpacing GDP growth over the next decade, driven by demographic changes and policy reforms [2][3]. Group 1: Key Opportunities - The three main opportunities for growth in China's life and health insurance sectors include demographic changes, healthcare payment reform, and further market opening [5]. - The aging population is a significant factor, with the proportion of individuals aged 60 and above expected to rise from 22% in 2024 to 30% by 2035, indicating a growing demand for retirement financial products [5]. - Healthcare payment reforms and the introduction of commercial insurance for innovative drugs will clarify the roles of basic medical insurance and commercial insurance, leading to rapid growth in commercial health insurance [5]. - The government's encouragement of foreign-owned hospitals in nine cities is expected to attract advanced medical services and stimulate innovation in the health insurance sector [5]. Group 2: Market Growth Trends - The health insurance market in China has seen over 30% compound annual growth rate in recent years, with premium income exceeding 800 billion yuan by 2020 [6]. - Future growth is anticipated in three areas: medical insurance, critical illness insurance, and nursing insurance, with medical insurance expected to maintain high growth due to policy reforms [7]. - The introduction of mid-range medical insurance products is a key trend, enhancing access to new medical services and drugs, while also posing challenges for insurance companies to develop suitable products [7].

Core Insights - The "2024 China Internet Insurance Consumer Insight Report" indicates that the top five insurance products held by consumers remain unchanged from the previous year, including critical illness insurance, accident insurance, car insurance, life insurance, and commercial health insurance, with the trend expected to continue for the next two years [1] - Nearly 40% of consumers are expected to purchase new insurance products, driven by national policies and increased awareness of risk protection [1] Product Trends - Critical illness insurance has the highest upgrade rate in 2024, with nearly 30% of holders opting for upgrades, particularly among the 20-40 age group and high-income individuals seeking higher coverage and broader protection [2] - Accident insurance serves as an entry-level product for young people and a safety net for the elderly, with significantly higher new purchase rates among the 20-30 and 60+ age groups compared to others [2] - Car commercial insurance ranks among the top three for upgrade and replacement rates, with young consumers and those in first- and second-tier cities leading these trends, primarily due to affordability and convenience of online comparison [2] Regional Insights - Demand for life insurance is robust in third-tier cities and below, with new purchase, upgrade, and replacement rates exceeding those in first- and second-tier cities, particularly among consumers aged 41-50 [2] - The commercial health insurance sector is innovating in terms of relaxed health declarations, benefiting those with pre-existing conditions and consumers aged 60 and above, who have the highest rates of new purchases, upgrades, and replacements across all age groups [2] - Delayed retirement policies and bank interest rate cuts are stimulating interest in commercial pension insurance among younger consumers, with the 20-30 age group leading in new purchase and upgrade rates [2]