界面新闻记者 | 吕文琦 韩宇航

界面新闻编辑 | 江怡曼

zi2022nian11yuekaizhayilai，gerenyanglaojinzhiduyimanliangnian。

liangnianlai，gerenyanglaojinshidianchengguofengshuo，yixiyin6000duowanrenkaitongzhanghu。chanpinyibuduankuorong，gongyou836zhichanpinshangjia。qizhongbaokuo66kuanchuxuleichanpin、200kuanjijinleichanpin、144kuanbaoxianleichanpinyiji26kuanlicaileichanpin。

gerenyanglaojinbaoxianhelicaimuqianfazhanruhe？weiheguimoshangheyanglaochuxuhejijinrengyoujiaodachayi？

保险产品百花齐放

zhongguoyinbaoxinguanwangfabudeyanglaojinbaoxianchanpinmingdanxianshi，gerenyanglaojinbaoxianchanpinmuqianzaishouyouershiyujiagongsigong55kuanchanpin，chanpinhangaileliangquanxian、wannengxian、nianjinxianhezhuanshushangyeyanglaobaoxian。

muqianzaishoudegerenyanglaojinchanpinzhong，nianjinxianchanpinzhanjuchaobanbijiangshan。

yanglaonianjinbaoxiancongbaoxianhetongyuedingdenianlingkaishi，kemeiniandingqilingqugudingjinedeyanglaojin，qielingqujineshixiejinbaoxianhetongde。chulechuantongnianjinxian，bushaonianjinxianyufenhonghewannengzhanghudejiehe，youzhuyutigaochanpindeshouyilv。

beijinglianhedaxuebaoxianxijiangshiyangzeyunxiangjiemianxinwenbiaoshi，gerenyanglaojinshimeinianxiangshoushuishouyouhui，qiemeinianyoushuishouyouhuishangxian，suoyi，qibaoxianfeidoushifenqijiaofeide，qiekaolvdaoshijijiuyezhuangkuangyijikenengdeshuishouyouhuishangxiandekenengbiandong，eryunxujiaofeibiandong。wannengxiandelinghuoxingzhenghaoyinghelegerenyanglaojindezheiyitexing。

goumaiwannengxianshejisangechengben：chushifeiyong，jimeibiqianjinruzheigezhanghudeguanlifei，duoshuzai1%；zhuijiafeiyong，jidanduzhuijiaqianjinruzheigezhanghudefeiyong；zhiqufeiyong：jinrudaowannengzhanghudeqian，ruguoqianwunianlingqian，xushouqu1%-3%deshouxufei。

yingerenyanglaojinshuyuzhengcexingyewu，guojiajiyushuishouzhichi，baoxiangongsitongguojiangdixiaoshoufeiyongdengfangshijinxingyidingderangli，muqianduojiagongsijunxuanzezanshihuomianchushifeiyong。

danshengzi2021niandezhuanshushangyeyanglaobaoxianmuqianzaigerenyanglaojinbaoxianchanpinzhongzhanju7xi。

yuyibandeshangyebaoxianchanpinxiangbi，zhuanshuyanglaobaoxiandejiaofeixingshijiaoweilinghuo，keyixuanzeyicixingjiaona、dingqihuobudingqizhuijiabaofei，fangbiantoubaorengenjuzijidejingjizhuangkuangjueding。yanglaojindelingquqiweikehu60zhousuizhihou，lingquqibushaoyu10nian。

zaibaoxiandejileiqi，caiqu“baozheng+fudong”shouyimoshi，chanpinshezhilejinquxing、wenjianxingliangzhongshouyimoshi。wenjianxingzhanghudebaozhenglilvdaduozai2%，jinquxingzhanghudebaozhenglilvdaduozai0%-1%。

jujiemianxinwentongji，2023nian15kuanzhuanshushangyeyanglaobaoxianchanpinwenjianxingzhanghunianhuajiesuanlilvzai2.1%-4.15%zhijian，jinquxingzhanghunianhuajiesuanlilvzai3%-4.25%zhijian。

guominyanglaobaoxiandeguomingongtongfuyuchanpinyi4.15%dewenjianzhanghujiesuanlilvhe4.25%dejinquzhanghujiesuanlilvweilie15kuanchanpinjiesuanshouyizhishou。

yibaneryan，zhuanshushangyeyanglaobaoxiandewenjianxingzhanghuzijinzhuyaopeizhizaigudingshouyileizichan，shidangpeizhiquanyileiheliudongxingzichan；jinquxingzhanghuduiquanyileizichandepeizhihuixiangduigengzhongyixie，duibodongyoujiaodarongrendu，yiqudegenggaoshouyi。

多只养老金理财收益超4%

suizhediwupigerenyanglaojinlicaichanpinmingdandegongbu ，nongyinlicai、zhongyinlicai、zhongyoulicaisanjiagongsigexinzeng1zhiyanglaojinlicaichanpin，jiezhimuqian，youyinxinglicaigongsifaxingdegerenyanglaojinlicaichanpindadao26zhi。

26zhilicaichanpinzhong，chulediwupifaxingde3zhichanpin，qiyu23zhichanpinjunfaxingyu2023nian。

congfaxingjigoulaikan，zhei26zhigerenyanglaojinlicaichanpinlaizi6jiayinxinglicaigongsi，fenbieshigongyinlicai、nongyinlicai、zhongyinlicai、zhongyoulicai、jianxinlicaiyijibeilaidejianxinlicai。congchanpinshulianglaikan，qizhonggongyinlicaifaxinggerenyanglaojinlicaichanpinshuliangzuiduo，da8zhi。zhongyinlicaihenongyinlicaizaiwanchengdiwupigerenyanglaojinlicaichanpinfaxinghou，qixiagerenyanglaojinlicaichanpinshuliangfenbiedadaole6zhihe5zhi。

duibitongweilicaigongsifaxingdeyanglaolicaichanpin，gerenyanglaojinlicaichanpintouzixingzhigengweiduoyang，qixiangengduan，gengjulinghuoxing。26zhigerenyanglaojinlicaichanpinzhongjiuyou4zhifengxiandengjiweir3(zhongji)dehunheleilicaichanpin。

congyejibiaoxianlaikan，shangshu26zhigerenyanglaojinlicaichanpinzaijinnianjunqudezhengshouyi。qizhong23zhichanpindejinnianyilaishouyilv（nianhua）chaoguo3%，5zhichanpindejinniannianhuashouyilvchao4%。gengshiyou3zhichanpindejinniannianhuashouyilvchaoguole6%。

zhideyitideshi，shangshu3zhigaoshouyigerenyanglaojinlicaichanpinquanbulaizinongyinlicai，fenbieshinongyinlicainongyinshunxinlingdong1080tianl、nongyinlicainongyinshunxinlingdong720tianl、nongyinlicainongyinshunxinlingdong365tianl，qizhongnongyinlicainongyinshunxinlingdong1080tianldejinniannianhuashouyilvgengshidadaole7.08%。

jiemianxinwenjizhefaxian，shangshu3zhichanpindejinqixingqingyouxiangsizhichu，junzai9yuedijingzhidafushangzhang。cong3zhichanpindechanpinleixinghezichantouxianglaikan，3zhichanpinjunfeichungushouchanpin，qizhongliangzhiweihunhelei，1zhiweigushou+，junpeizhilequanyileizichan，deyiyu9yuediquanyishichangdehuorexingqing，zaijinnianshouyilvshixian“kuangbiao”。

zhiyouzhongyinlicaide“zhongyinlicailu（5nian）zuiduanchiyouqil”jinniannianhuashouyilvbuzu1%，zaiyinxinglicaifaxingde26zhigerenyanglaojinlicaichanpinzhongyejidiandi。

congchengliyilaideshouyiqingkuanglaikan，you7zhichanpindechengliyilainianhuashouyilvzhanshang4%，qizhong4zhilaizinongyinlicai、2zhilaizizhongyinlicai、1zhilaizijianxinlicai。

为何规模有限？

jinguangerenyanglaojinlicaihebaoxianchanpinfengfuduoyang，shouyishangjiaoweiwenjian，dancongpiludegexiangshujuzhongkan，xiaoshouguimojunyouxian。

genjuyinxingyelicaishichangbaogao，jiezhi2024niannianzhong，23zhi（weibaohandiwupichanpin）gerenyanglaojinlicaichanpinleijixiaoshouguimochao47yiyuan。

duiyumuqiangerenyanglaojinlicaichanpinfashoushuliangjiaoshaodeyuanyin，puyibiaozhunyanjiuyuanfenxizhichulesanfangmianyuanyin：yishimuqianyanglaojinlicaichanpindoushikaifangshichanpin，touzizhekeyizaikaifangqineijinxinggoumaiheshuhui，rengnenggoumanzukehudeyanglaopeizhixuqiu。ershiyixieyanglaojinchanpinyichoubeidaowei，danxuyaojingguojianguanshenpidechengxu，haizaidengdaijianguanbumendezuizhongpifu。sanshimuqianshehuiduigerenyanglaojinlicaichanpinderenzhichengduxiangduijiaodi，gaileichanpinshangweibeijuminguangfanjieshou，youyushichangxuqiuxiangduibuzu，jinrongjigouzaikaizhanxiangyingdechanpinshejihetuiguangfangmianyehuishoudaoyingxiang。

jiezhi2023niandi，zhuanshushangyeyanglaobaoxianleijiyanglaozhunbeijinguimochaoguo106yiyuan，baodanjianshuyue74wanjian。yuzhixiangbi，jinzaisijiayanglaoxiangongsishidiandeshangyeyanglaojin，xiaoshouguimoyichao400yiyuan。

jiuqiyuanyin，mouyanglaoxiangongsishichangburenshibiaoshi，gerenyanglaojinbaoxianchanpinzaishejizhichubingchipuhuixingyuanze，zuidaranglijikehu。danzheiyedaozhilechanpindefeiyongkongjianyouxian，“baoxianchanpinshejifuza，kehulejieyouxian，suoyikeyishuo‘baoxianchanpinshimaichuqu’de，xiaoshouqudaozhutuinakuanchanpin，kehumainakuanchanpin。zaidiqudaofeiyongxia，xiaoshourenyuantuiguangdedonglibuzu。”

chulefeiyong，xiaofeizhedetouzipianhaohechanpinqixianshejidejudachayiyechengweilanluhu。

beijingdaxuezhongguobaoxianyushehuibaozhangyanjiuzhongxinzhuanjiaweiyuanhuiweiyuanzhujunshengxiangjiemianxinwenbiaoshi，xiangbizhangqihuibaoyuzijindeshijianjiazhi，renmenwangwanggengzhuzhongduanqihuibao，zheiniuquleduifengxiandeganzhi。xiaofeizhewangwangdiguzijimianlindezhangshoufengxian，qieduibaoxianchanpindezhangqishouyilvganzhipiandi。yinci，shehuigejiexutonglihezuo，tishengduixiaofeizhejinrongsuyanghecaiwuwenjianxingfangmiandejiaoyu，duixiaofeizhedezhangshoufengxianjiaoyuyuedaowei，yueyouliyubaoxianyetuozhanjudadeyanglaobaoxianshichang。