Core Viewpoint - The news highlights the innovative development of pension finance services in Shaanxi, showcasing how financial institutions are actively addressing the needs of the elderly population through tailored products and services [1][2][7]. Group 1: Financial Institutions' Initiatives - Postal Savings Bank staff successfully prevented a potential loss of nearly 320,000 yuan for an elderly customer by identifying a phone scam and providing timely assistance [1]. - Minsheng Bank has created a customized "Pension Hive" plan, enhancing financial support for elderly clients and filling the financial service gap for private nursing homes, with a total of 19.6389 million yuan in loans issued for the pension industry this year [2]. - Financial institutions are increasingly supporting the pension industry, with government and market collaboration driving the development of the travel and health care industry clusters [3]. Group 2: Product and Service Innovations - The "2025 Xi'an Elderly Expo" featured a live session where Bank of China representatives educated elderly clients on financial safety and personal pension account policies, receiving positive feedback [4]. - Various financial institutions in Shaanxi are innovating services for the elderly, including China Life's launch of ten commercial pension products and the introduction of "Xianyang Medical and Nursing Loan" by ICBC to address funding challenges in community hospitals [5]. Group 3: Integration of Healthcare and Elderly Care - The Taikang Qinyuan Elderly Community, a 1.5 billion yuan investment project, is a benchmark for high-end elderly care in Northwest China, integrating living, medical, and entertainment services [6]. - Financial institutions are leveraging technology to enhance service efficiency, such as the development of evaluation tools for elderly care institutions and user-friendly banking applications for seniors [6]. - Shaanxi is exploring innovative financial tools like pension trusts and reverse mortgage insurance to deepen the integration of smart elderly care and financial services [6].

Group 1 - The core concept of personal pension is a system supported by government policy, voluntary participation by individuals, and market-oriented operation, aimed at providing supplementary pension insurance functions [3][28] - Participants in the personal pension system must be enrolled in either the urban employee basic pension insurance or the rural resident basic pension insurance [3] - The personal pension system operates on an individual account basis, where contributions are fully borne by participants, who can choose from various financial products such as commercial pension insurance, savings deposits, and public funds [4][5] Group 2 - The annual contribution limit for personal pensions is set at 12,000 yuan, with contributions being able to be made monthly, in installments, or annually, and recalculated each year [7][8] - On November 23, the first batch of personal pension insurance products was announced, with China Life Insurance Co., Ltd.'s "GuoShou XinXiangBao Exclusive Commercial Pension Insurance" included in the list [9] - The first personal pension product was successfully sold on November 25, marking a significant milestone for China Life Insurance [11] Group 3 - To participate in the personal pension system, individuals must open a personal pension account and a personal pension fund account, which can be done online through banks that qualify for personal pension business [13][15] - There are two options for purchasing the personal pension product: semi-self-service, where customers can get assistance from a China Life customer manager, and fully self-service, where customers can use the China Life Insurance app for direct purchase [16][17] - The process for self-service insurance purchase includes several steps, such as agreeing to terms, providing personal information, and selecting payment methods [30][33]

Core Viewpoint - The China Life Insurance Company has launched its first personal pension product, "Guoshou Xinxingbao Exclusive Commercial Pension Insurance," in response to the new personal pension implementation measures released by five government departments on November 4, 2023 [1][3]. Group 1: Product Features - The "Guoshou Xinxingbao Exclusive Commercial Pension Insurance" offers five key features: safety and stability, clear transparency, flexible payment options, diverse benefits, and convenient service [1][2]. - The product includes two investment portfolio accounts, allowing customers to choose one or both based on their investment strategy [1]. - It adheres to principles of long-term, stable, and value investment, aiming for long-term capital preservation and appreciation [1]. Group 2: Insurance Benefits - In addition to providing pension annuity payments, the product also offers death benefits and disability care insurance, catering to diverse insurance needs [2]. - Customers can select various payment methods, including lump-sum payments, periodic payments, and additional contributions, to suit their financial planning [2]. - Upon meeting pension withdrawal conditions, policyholders can choose from multiple withdrawal options, including lifetime monthly or annual payments and fixed-term withdrawals [2]. Group 3: Tax Benefits and Social Responsibility - Policyholders can enjoy tax deductions within specified limits when purchasing personal pension insurance products, and investment income is not subject to personal income tax during the investment phase [3]. - The company aims to contribute to the establishment of a multi-tiered social security system that is inclusive, equitable, and sustainable, aligning with national development strategies [3]. - The company emphasizes its commitment to serving the public and enhancing its role as a stabilizing force in the economy and society [3].