Regulatory authorities take action to regulate the dividend insurance market: dividends levels are not allowed to be arbitrarily raised to avoid "internal competition."

Raising dividends to create "inner-loop" competition and disrupting the life insurance market will be punished. It is learned that the Personal Insurance Regulatory Department of the National Financial Regulatory Commission recently issued a letter to life insurance companies, offering regulatory opinions on the dividend levels of dividend insurance in 2024, urging all companies to strengthen the coordinated management of assets and liabilities, enhance the sustainable operation of dividend insurance, and protect the legitimate rights and interests of consumers. Regulatory authorities require all companies to operate prudently, adhere to long-termism, and integrate the concept of asset-liability management throughout the entire process and cycle of insurance products and services. Companies are not allowed to deviate from the actual asset-liability and investment income situation of accounts, arbitrarily raise dividend levels to engage in "inner-loop" competition, and disrupt the order of the life insurance market. Regulatory authorities will strengthen data monitoring and for those who violate regulatory requirements, regulatory measures such as regulatory talks, orders for rectification, and rating deductions will be taken.