Multiple term life insurance policies will be discontinued at the end of February, industry pricing restructuring is imminent.

Just after the Spring Festival holiday, there was a wave of centralized adjustments to insurance products. Reporters learned from internet platforms such as Ant Insurance and Tencent Weibao that several popular term life insurance products will be taken off the shelves on February 28th, with new products set to launch on March 1st with prices generally increasing by over 7% compared to the old products. Industry insiders analyze that this removal and price adjustment of term life insurance products is mainly driven by three major factors: the continuing downward trend in benchmark interest rates, insurance companies becoming more cautious in risk assessment, and a shift in industry competition logic. Currently, the time for consumers to lock in low prices is very limited. However, term life insurance products are expected to continue to improve in the future, offering consumers a wide range of choices. Industry insiders remind that insurance planning should be based on the actual needs of the family, and one should not blindly pursuit low prices.