Several large insurance companies have started to launch "red envelope" products. The scheduled interest rates for insurance products have been reduced for three consecutive years.

Recently, many large insurance companies have started to introduce "good luck" products. Overall, the product design has shifted more towards floating dividend insurance with guaranteed returns + floating dividends, with the main source of dividends being the actual operating surplus of the insurance company, which particularly tests the investment and operational capabilities of insurance companies. Currently, the preset interest rates for insurance products have been continuously reduced for three consecutive years to the lowest level in nearly 20 years - from 3.5% to 2.0% for ordinary products and from 3.0% to 1.75% for dividend-type products. In comparison, the decrease in preset interest rates for dividend-type products is smaller than that for ordinary products, giving them a certain earnings advantage. This year, the insurance product preset interest rate has officially launched a dynamic adjustment mechanism. Sun Hanjie, Assistant General Manager and Chief Actuary of Ping An Life, said in an interview with the Securities Times that referring to the experience of overseas life insurance markets, insurance markets in the US, Japan, the UK and other countries have strengthened the promotion of various types of interest-sensitive insurance products during periods of declining interest rates, increasing the proportion of dividend-bearing, unit-linked and other floating income products to reduce interest rate risk.