A new round of insurance premium rate cuts is launched, and the joint venture company Union Life Insurance has fired the first shot in the market. A new 1.5% guaranteed interest rate dividend insurance is launched.

A new round of adjustments to the guaranteed interest rates of insurance products has begun. According to exclusive information obtained by reporters from the industry, recently, the joint venture insurance company Sun Life Financial has launched two new dividend insurance products, and the guaranteed interest rates for the new products have been reduced from the current market ceiling of 2% to 1.5%. Industry experts told reporters from Financial News that the step-by-step reduction of insurance guaranteed interest rates may seem to compress the short-term competitiveness of products, but it actually promotes the industry to establish a more sustainable development model, which helps boost the allocation space of insurance assets. In addition, when insurance companies no longer rely on high interest rates as the sole selling point, true competition will shift towards risk management capabilities, asset allocation levels, and ecological service value.