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Some CN Insurers Cut Predetermined Rate for Participating Insurance to 1.25%: Report
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A Chinese life insurance company has launched a participating insurance product with a predetermined rate of 1.25%, which is lower than the industry's prevailing "maximum" standard, according to Securities Daily. It is expected that the market will see more similar products down the road. According to regulatory requirements, the upper limit for the predetermined rate of participating insurance is 1.75%, with most mainstream industry products designed at the "maximum" level. AAStocks Financial News |
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