BIZCHINA / China Insurance |
Interest rate hike affects insurance proceeds(chinadaily.com.cn)Updated: 2007-06-15 16:40
"The current ceiling of expected proceeds from savings-type insurance products limited by the insurance regulator is 2.5 percent, while the current after-tax bank interest rate has reached 2.45 percent," said a manager from Haier New York Life Insurance Co."Another interest rate hike will make it higher than the expected proceeds limit of the products." "Several insurance companies have therefore introduced investment-linked insurance products, but most won't be able to develop similar products in a short time. Their business will be challenged," he continued. ... The full text is available in the June Issue of China Insurance. (For more biz stories, please visit Industry Updates) |