Beijing November 27 (by Chen Su Liu Chen Yao) Chinese officials are pushing for a supply-side reforms, Wan Feng, president of NCI in the 27th annual meeting of the 10th Asian financial representation of the 21st century, the life insurance industry supply products and services side reforms should make the return to primitive life insurance company, focused on the development of pension, health, medical, accident and other insurance products.
As consumer demand has become the new engine of economic growth in China, as a negative consumption, supply plays an important role in promoting consumption upgrading and economic balance. Recently, the Chinese State Council to accelerate the development of new impetus to the formation of new supply, the supply-side of China's economic reform and the incident became a buzzword.
In this regard, Wan Feng, 27, said the supply side of life insurance products also need a profound change.
"In a certain sense, China's life insurance industry has not yet begun." Wan Feng said the next 20 years China's pension gap will reach hundreds of thousands of yuan, must accelerate the transition to achieve rapid development of the life insurance industry, so pension, health and medical insurance to become the future mainstream of life insurance products.
On the current hot Chinese financial products, it has now spread to the insurance company and even become mainstream products. "If you choose an insurance company financial products, it means choosing competition in the financial sector, and banks, securities companies compete, face professional rival insurance company how to compete too?" Wan Feng admitted that the insurance company should not be a financial product supply side mainstream.
In addition, Wan Feng also noted that life insurance products can not meet the public demand is mainly due to the constraints of life insurance products consumption. "The current industry-wide accumulation on thousands of products, but most should be achieved by forcing the market performance, the fundamental reason is the product not meeting the road."
In promoting service supply side reforms, Wan Feng believes, we should focus on the rights and interests of basic services related with the policy provisions, such as claims service, rather than integration, medical, VIP and other value-added services. In addition, the insurance company should pay attention to enhance the service agent.
"landing government tax incentives will lead to further development of China's life insurance industry, we should seize this opportunity." Wan Feng said, "State gives preferential tax policy is not to support the development of financial products, but To support China's pension, health care, healthy career. "(End)