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CN May Reportedly Cut Preset Rates for Life Insurance Products as Early as Sep
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The Expert Advisory Committee on the Assessment Rate of Liability Reserves in the Life Insurance Industry in China announced that the research value of preset interest rate of ordinary life insurance products is now 2.13%, down 37 bps from the current preset rate, marking the first time the gap has exceeded 25 bps. Industry insiders, according to National Business Daily, predicted that if the research value in July is still lower than 2.25%, the 2.5% preset interest rate products will see downward adjustment of the rate as early as September. AAStocks Financial News |
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