There was a very important data some time ago. I wonder if you have followed it.
Banking and Insurance Regulatory Commission announced the investment results of the insurance company in the first half of the year. In terms of annualized yield, the investment yield of 24.71 trillion insurance funds this year is only 
.66%.
Episode 1, some insurance companies have a long-term annualized yield of 3.5%, plus operating costs, isn’t this a loss-making transaction? Will the 3.5% savings insurance also become smaller in the future?
The investment environment this year is not good. This concern is only based on the investment results of insurance companies in half a year. It is somewhat sloppy. However, "The compound interest level of 3.5% in the future savings insurance may still be reduced." . This is really hard to deny casually. How to say it?
.5% compound interest
Perhaps it is the ceiling of future savings insurance
Insurance companies open their doors to do business, and naturally they have to make money. So, taking products like savings insurance as an example, how can insurance companies make money? In fact, the logic is very simple.
Take annuity insurance as an example. Insurance companies now use our premiums to invest, and the investment income minus the money promised to us when it expires and the operating costs are profits.
That is to say, once the investment income cannot cover the cost of the insurance policy, supervision will worry that the insurance company's account will not be settled. 3.5% savings insurance may not be sold.
In fact, Insurance companies have always tended to be stable. According to the latest data disclosed by the China Banking and Insurance Regulatory Commission, at the end of June this year, 60% of the funds of life insurance companies were invested in low-risk assets such as bonds and bank deposits.
Data source: China Banking and Insurance Regulatory Commission (2022.8.25)
What makes insurance companies more uncomfortable is that the investment returns of this part of low-risk assets that are "stable to make" are getting lower and lower.
For example, the low-risk asset vane of ten-year treasury bonds has continued to decline from the level of 5.40% in 2002 to 2.60% today. Bank deposit interest rates also continue to fall.
And the stronger the government's determination to stimulate, support and save the economy, the longer the time for low interest rates, and the less returns the insurance companies invest in these low-risk assets. The process of
is quite long.
A friend asked again, the income of the "stable earning" part has declined. Cann’t insurance companies still invest in high-yield stocks?
In fact, according to the latest data, the stocks purchased by insurance companies only account for 8% of the total funds. In addition to the insurance company's risk preference , the supervision of "stability is the first" has not allowed insurance companies to invest too much stock.
In summary, for insurance companies, the returns of high-risk assets are uncertain, but the returns of stable profits of low-risk assets are decreasing. In the era of low interest rates, insurance companies are under great pressure on the investment side.
And in the past 30 years, the reduction in savings insurance interest rates has repeatedly confirmed this matter.
From 10.0% to 3.5%
Savings insurance yield declined in the past 30 years
At the beginning of the year, someone shared an insurance policy online, which made others envious.
When this netizen was two years old, his mother bought him an insurance policy and only paid 10,000 yuan in premiums. Since he was 55 years old, he could receive 7,095 yuan a month and more than 85,000 yuan a year.
And this policy locks in a lifetime interest rate, you can get as long as you live.
1. This 996 insurance policy :
- When I got to the age of 70: can be obtained in total .36 million , irr is as high as 8.59%;
- When I got to the age of 80: can get
To this day, this "stable happiness" in the past may only be a carnival by some netizens alone.
In less than six years from May 996 to February 2002, the central bank lowered interest rates eight times in a row.
Therefore, in order to prevent the operating risks of insurance companies, In June 11999, the former China Insurance Regulatory Commission adjusted the predetermined interest rate of life insurance policies to no more than 2.5%.
In the past 30 years, the predetermined interest rate of savings insurance has also declined:
However, with the relaxation of supervision after 2013, savings insurance with compound interest of 3.5% has returned to the world, and has once again become a very hot low-risk investment tool in recent years.
From no one cares about it to becoming popular on the entire network, , in the final analysis, in this era of interest rates falling, long-term locking of interest rates is a trump card.
Recently, savings insurance with good yield performance has been facing removal one after another. Considering the regulatory emphasis on the risk of spread and the operating pressure of the insurance company, this type of savings insurance with a 3.5% interest rate may become less and less in the future... What are the advantages and disadvantages of
and other financial management methods compared with
and other savings insurance?
Eggs cannot be placed in the same basket. There are many "baskets" that can maintain and increase their value: money funds, bank deposits, bank wealth management, savings insurance, etc.
What is the difference?
, money fund
yu'ebao is no longer the "it" it was back then.
The highlight of the 6.76% annualized rate of return in 2014 is no longer there, and the recent 7-day annualized rate of return has fallen to 1.38%.
savings insurance with a long-term compound interest rate of 3.5%, which is much cute. However, its flexibility is not as flexible as money funds like Yu'ebao. Money funds should still be considered for the funds used vividly.
, bank wealth management
In each month last year, the weighted average annualized rate of return on bank wealth management products was 3.97%, with a minimum of 2.29%.
Bank financial management is more flexible, but the disadvantage is that it cannot lock in long-term compound interest returns and does not guarantee capital.
If it is money that needs to be used in one or two years, it is better to give priority to bank wealth management, money funds, etc. If you are planning to invest long-term money, you can consider increasing savings insurance such as lifetime life.
, bank deposit
-year fixed deposit annual interest rate is common at 3.15%. Compared with bank deposits, savings insurance is compound interest, with a compound interest of 3.5% for 20 years, and the simple interest needs to be guaranteed to be about 5% per year. This means that in the long run, bank deposits have no advantage in yield.
At present, the interest rate of 3-year large-denomination certificate of deposit is mostly between 3.2% and 3.4%, but the starting investment threshold is 200,000 to 300,000, which is different from each bank. In contrast, the threshold for savings insurance such as lifetime life is much lower than that of thousands of yuan.
In general, the downward trend of interest rates has been verified globally. If you value long-term locking interest rates, savings insurance has certain advantages.
Overall, compared with the relatively stable investment method above, the disadvantage of savings insurance is that its flexibility is not high enough, but if it is , use spare money and invest in long-term, the savings insurance advantage of compound interest returns is very obvious.
at the end
In terms of flexibility, yield, stability, etc., the several low-risk investment methods mentioned above each have their own advantages and can complement each other. Don't look at them opposite each other.
However, regulators may pay more attention to the risk of savings insurance interest rate spreads than we imagined.
This means that 3.5% savings insurance will really become history in the near future. The recent removal of excellent income products of has been a precursor. All we can do is cherish everything we can do.
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