Core Viewpoint - The article highlights the launch of the "Changqianbao Pension" product by People's Insurance Company of China (PICC) in collaboration with Ant Group, aimed at addressing the retirement security needs of over 200 million flexible workers in China through innovative financial solutions [1][2]. Group 1: Product Features - The "Changqianbao Pension" product adopts a long-term payment model inspired by social security, allowing contributions until the age of 55 or 60, thereby enhancing the pension replacement rate for flexible workers [2][3]. - It offers various payment options including lump-sum, 3-year, 5-year, 10-year, or until retirement, with a minimum payment threshold of 10 yuan per month, catering to the income variability of flexible workers [2][3]. - The product is designed to accumulate funds over decades to meet diverse retirement needs such as daily expenses, health management, and leisure activities [2][3]. Group 2: Security and Assurance - The "Changqianbao Pension" enhances retirement security through a commercial insurance mechanism, ensuring pension payments are guaranteed until the age of 105, backed by PICC's extensive service network and state capital [3][4]. - It includes both basic pension annuities and policy dividends, allowing policyholders to share in the company's profits, thus addressing concerns about financial sufficiency in retirement [3][4]. - The product guarantees a 20-year annuity payment period, ensuring that beneficiaries can receive any remaining pension payments in the event of the policyholder's death, thus securing wealth safety and inheritance [3][4]. Group 3: Policy Alignment and Social Impact - The "Changqianbao Pension" exemplifies the transformation of national strategies into actionable individual plans, providing flexible and convenient retirement tools for flexible workers [4]. - It aims to raise awareness of financial planning and encourage a scientific savings mindset among new urban residents, promoting a shift in consumption perception [4]. - The product serves as a model for inclusive finance, demonstrating how financial products can effectively meet the needs of the populace and contribute to the improvement of the national pension system [4].