Regulators have issued a notice to inspect and rectify 'quick-return' insurance products sold through the bancassurance channel, requiring life-insurance legal entities to conduct self-examinations and strictly implement reporting alignment between insurers and banks. The notice flags products with 3-year premium payment periods and 6-year coverage—ordinary and participating endowment policies—that deliberately compressed actuarial expense assumptions and returned cash value quickly to boost rep

Regulators have issued a notice to inspect and rectify 'quick-return' insurance products sold through the bancassurance channel, requiring life-insurance legal entities to conduct self-examinations and strictly implement reporting alignment between insurers and banks. The notice flags products with 3-year premium payment periods and 6-year coverage—ordinary and participating endowment policies—that deliberately compressed actuarial expense assumptions and returned cash value quickly to boost reported scale, creating a risk of treating long-duration insurance as short-term business.