Why is the booking rate of health insurance lower than that of annuity insurance?

The predetermined interest rate refers to the interest rate used by life insurance products after predicting the rate of return when calculating insurance premiums and liability reserves. Its essence is that life insurance operators promise to give customers a return in the form of annual compound interest because they use their customers' funds.

Generally speaking, it is the rate of return provided by insurance institutions to customers. The predetermined interest rate is directly related to the price of insurance products.

Under the premise that other assumptions remain unchanged, if the predetermined interest rate of a product is higher, consumers will pay less premium when insuring the product, and the competitiveness of insurance products will be stronger.

Then, annuity insurance is a pure dividend-paying product, and there is no guarantee responsibility. Its predetermined interest rate is definitely higher than that of comprehensive protection-based critical illness products.