According to reporters, the Financial Regulatory Bureau issued a notice today to the industry regarding the establishment of a mechanism for linking the predetermined interest rate with the market interest rate and for dynamic adjustment, proposing to strengthen the linkage between assets and liabilities and conduct scientific and prudent pricing. This includes: The China Insurance Industry Association regularly organizes meetings for the members of the expert advisory committee on the assessment interest rate of the life insurance responsibility reserve, combining the changes in market interest rates such as the loan market quotation rate (LPR) for over five years, five-year fixed deposit rates, and ten-year government bond yields with the industry's asset-liability management situation to study matters related to the predetermined interest rates of life insurance products, releasing the research values of predetermined interest rates quarterly. Each company should enhance trend analysis and forward-looking judgment, dynamically adjusting the maximum value of predetermined interest rates for ordinary life insurance and participating life insurance and the maximum value of minimum guaranteed interest rates for universal life insurance (hereinafter referred to as the maximum predetermined interest rate).
监管下发通知 建立预定利率与市场利率挂钩及动态调整机制
Regulatory notification issued to establish a mechanism for linking the predetermined interest rate with the market interest rate and for dynamic adjustment.
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