Insurance booking interest rate reduction "countdown" with new products launched.

According to the linkage and dynamic adjustment mechanism of the predetermined interest rate of life insurance products with market interest rates, starting from September, the predetermined interest rate of life insurance products is expected to be lowered. According to research by reporters, various insurance companies are accelerating product transitions, with some products already being discontinued and some insurers choosing to discontinue old products on August 31. At the same time as discontinuing old products, some insurers have already introduced new products. Industry insiders say that the reduction in predetermined interest rates may affect insurance product prices, and consumers should purchase insurance products reasonably based on their own risk tolerance, financial planning, and protection needs. According to announcements previously made by some insurers, on September 1, the maximum predetermined interest rate for ordinary insurance products will be lowered from 2.5% to 2.0%, the maximum predetermined interest rate for participating insurance products will be lowered from 2.0% to 1.75%, and the highest value of the minimum guaranteed interest rate for universal insurance products will be lowered from 1.5% to 1.0%.