After two consecutive quarters of increase, the research value of the estimated interest rate for personal insurance was lowered again. On November 4, the China Insurance Industry Association announced the status of the regular meeting of the Personal Insurance Industry Interest Rate Research Expert Advisory Committee for the third quarter of 2026, and proposed that the current research value of the scheduled interest rate for ordinary personal insurance products is 1.9%. This result is a 4 bps drop from 1.94% in the previous quarter, returning to the level of the third quarter of last year. Xu Yishan's team, chief financial analyst at Fangzheng Securities, believes that due to the continuous decline in treasury bond yields in the past ten years, research values have shown a downward trend, but the decline is relatively limited, and it is expected that the conditions for adjusting the scheduled interest rate for adult personal insurance will not be met during the year. In other words, personal insurance pricing during the year will not experience large-scale industry-wide price increases due to product switching.

After two consecutive quarters of increase, the research value of the estimated interest rate for personal insurance was lowered again. On November 4, the China Insurance Industry Association announced the status of the regular meeting of the Personal Insurance Industry Interest Rate Research Expert Advisory Committee for the third quarter of 2026, and proposed that the current research value of the scheduled interest rate for ordinary personal insurance products is 1.9%. This result is a 4 bps drop from 1.94% in the previous quarter, returning to the level of the third quarter of last year. Xu Yishan's team, chief financial analyst at Fangzheng Securities, believes that due to the continuous decline in treasury bond yields in the past ten years, research values have shown a downward trend, but the decline is relatively limited, and it is expected that the conditions for adjusting the scheduled interest rate for adult personal insurance will not be met during the year. In other words, personal insurance pricing during the year will not experience large-scale industry-wide price increases due to product switching.