Tongfang Global Life, a joint venture insurance company, has introduced two novel dividend insurance products, featuring a scheduled interest rate adjustment from the prevailing market rate of 2% down to 1.5%. Industry analysts remark that while this reduction in the scheduled interest rate may temporarily affect product competitiveness, it holds significant long-term benefits. It facilitates the establishment of a more sustainable development model within the insurance sector, incentivizing insurance firms to enhance their risk management and asset allocation capabilities. Furthermore, it redirects the focus of competition towards the provision of comprehensive services.