Research values for life insurance pre-set interest rates have been further reduced, with insurance companies expected to complete the transition by the end of August.

On July 25th, the China Insurance Industry Association organized the quarterly meeting of the Expert Consultation Committee on the Assessment of Life Insurance Industry Reserve Interest Rates for the second quarter of 2025. It was determined that the research value for the premium rates of current ordinary life insurance products is 1.99%. This is the third research value published by the China Insurance Industry Association. Experts explained that the research value incorporates changes in interest rates in areas such as market-quoted rates for over 5 years, 5-year bank deposit rates, and 10-year government bond yields, as well as the industry's asset-liability management conditions. The China Insurance Industry Association will publish this value every quarter. The second research value, published in April this year, was 2.13%. Currently, the premium rates for ordinary life insurance products are set at 2.5%. The research value has been lower than the premium rates by 25 basis points or more for two consecutive quarters. Industry insiders say that this means the premium rates for ordinary life insurance products and universal insurance products have been reduced by 50 basis points compared to the current industry rates, while the premium rates for dividend-type insurance products have been reduced by 25 basis points. "This significant reduction in premium rates for ordinary life insurance products will prompt insurance companies to quickly adjust their products, stabilizing future product adjustments and meeting consumer expectations," said experts.