The switch of the scheduled interest rates of personal insurance products is in progress, and participating insurance is expected to become the star in the breakthrough.

Since the establishment of the link between the reserved interest rate of life insurance products and market interest rates, and the dynamic adjustment mechanism, the reserved interest rate of life insurance products will be reduced for the first time. Several insurance companies have stated that the maximum reserved interest rates for ordinary type and dividend type insurance products will be reduced to 2.0% and 1.75% respectively, and the maximum guaranteed interest rate for universal type insurance products will be reduced to 1.0%. Insurance products that exceed the above reserved interest rate maximum values will cease sales before August 31. According to industry research, several insurance companies are currently switching their product offerings. Following the reduction in reserved interest rates, dividend type insurance products will become the focus of sales for life insurance companies.