The highest increase reaches 10%, and the fixed-term life insurance faces a "purchase window period".
Journalists recently learned from the industry that after the latest preferential VAT policy was released, regular life insurance products are not included in the VAT exemption policy. The increase in tax costs has been passed on to product prices, and many institutions have announced that they will stop selling current regular life insurance products at the end of February. The new products to be launched are expected to increase in price by 5% to 10%. Some industry insiders said that before the end of February has become a "buying window". In the view of industry insiders, the future market interest rate performance may be relatively stable, and it is unlikely that there will be a large-scale increase in insurance prices caused by a decrease in scheduled interest rates within the year, so consumers do not need to worry.
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