A new round of insurance discount rates is about to be lowered again, bidding farewell to the era of a 2.5% insurance discount rate.

Recently, joint venture life insurance company Tongfang Global Life launched a new dividend insurance product, lowering the guaranteed interest rate from the current market mainstream of 2% by 50 basis points to 1.5%, firing the first shot in the reduction of insurance booking interest rates. At the same time, a similar product from Tongfang Global Life with a booking interest rate of 2.0% stopped selling on June 1. From the overall market situation, since June, several life insurance companies with 2.5% booking interest rate products have exited before the third quarter. The countdown has begun for the reduction of insurance booking interest rates. According to industry insiders, it is expected that the latest research value of booking interest rates will be released by the Insurance Industry Association in July 2025. Previously, several actuaries from insurance companies revealed that the booking interest rates for insurance products could be reduced as early as the third quarter.