China Insurance Association says the current research value for ordinary life
insurance assumed interest rate is 1.94%. Research values published for Jan,
Apr, Jul, Oct 2025 and Jan, Apr 2026 were 2.34%, 2.13%, 1.99%, 1.90%, 1.89% and
1.93%, respectively. The National Financial Regulatory Administration issued a
notice implementing a market-linked dynamic adjustment mechanism from Jan 2025,
requiring quarterly publication of research values and directing life insurers
to dynamically adjust caps on assumed rates for ordinary and participating
products and the cap on minimum guaranteed rates for universal life policies.
