The lowering of the reserved interest rates led to the mass suspension of life insurance products.

The reserved interest rate for life insurance products will be comprehensively reduced. As a result, many insurance products on the market have been gradually discontinued. Industry insiders believe that with the reduction of reserved interest rates for life insurance products, the liability-side costs of insurance companies will be further optimized, which will be beneficial for the stable operation of the companies in the long term, and will also reserve space for insurance asset investments.