Core Insights - The aging population in China is driving increased public interest in commercial pension insurance and other financial products [1] - By the end of 2024, four pilot pension insurance companies are expected to have opened approximately 1.955 million commercial pension accounts, representing a nearly 230% increase from the end of 2023 [1] Group 1: Market Trends - The primary pension system in China is still based on a "pay-as-you-go" model, leading to growing pressure on the retirement population [1] - To address potential pension shortfalls and ensure quality of life post-retirement, more individuals are opting for commercial pension insurance [1] Group 2: Consumer Guidance - Consumers are advised to focus on the comprehensive return rate of products, avoid over-concentration in single products, and diversify risks [1] - It is recommended to reasonably allocate commercial pension insurance to secure long-term returns and establish a health management awareness throughout their life cycle [1] Group 3: Product Development - Financial institutions should design products that meet public needs, ensuring both savings and spending capabilities while also providing health risk coverage [1] - Insurance companies are encouraged to integrate critical illness coverage into traditional dividend insurance, creating comprehensive products that cover both retirement and health risks [1] Group 4: Regional Development Strategies - Guangxi, one of the earliest regions to enter an aging society, is projected to have over 10 million people aged 60 and above by the end of this year, exceeding 20% of the total population [1] - To tackle aging challenges, Guangxi should leverage national policy benefits to promote the "third pillar" personal pension system and implement incentive policies to establish itself as a national hub for pension services [1]