Research On The Development Of Private Pension Annuity Insurance From The Perspective Of Retirement Planning

In 2000,the proportion of the population aged 65 and over in the total population has reached 7.0%,marking China has basically entered an aging society.By the end of 2017,the number of elderly people aged 60 and over in China has reached 240.9 million,accounting for 17.3%,of which the number of elderly people aged 65 and over is 158.31 million,accounting for 11.4%.The trend of aging in China has further aggravated,and retirement security has become an issue that everyone must pay attention to.In the context of the current first pillar facing the problems of low replacement rate,high burden of insurants,high government financial pressure and the second pillar facing the problems of low coverage and insufficient capital accumulation,it is particularly necessary to develop the third pillar.Our government also attaches great importance to the role of the pension annuity insurance.The State Council's "Opinions on Accelerating Modern Insurance Service Industry" clearly defines commercial pension annuity insurance as an important pillar of social security,providing a broad space and strong policy sopportment for the development of commercial pension annuity insurance.On a personal level,facing the increasingly serious aging problems,it is essential to make a personal retirement plan to gurantee the life quality of retirement.By comparing the individual's needs in retirement,the author finds that the function of private pension annuity insurance in coherence with them.Private pension annuity insurance can provide income guarantee for life,passive and safe cash flow and a variety of options for managing distributions.It can also play an active role in tax incentives,encouragement of savings and wealth inheritment;compared with other pension preparation tools,private pension annuity insurance has the unique advantages of high security and easy operation.Therefore,we should pay attention to and play the role of private pension annuity insurance in retirement planning.By analyzing the preferences of Chinese residents in retirement planning,the current level of social pension insurance,the income status of residents and external policies,the author finds that the current environment is very beneficial to the development of private pension annuity insurance,and the potential demand of residents should be high.However,in fact,comparing the actual premium scale of private pension annuity insurance and the allocation of pension plans,it is found that the actual demand for private pension annuity insurance is seriously insufficient.In the current supply-oriented private pension annuity insurance market,how to meet the needs of consumers by optimizing the products and services at the supply end is very important to transform the potential demand of residents into actual demand and promote the development of private pension annuity insurance.Under the current aging population and the need for residents to make a good pension planning,this paper has important theoretical and practical significance for the development of pension annuity insurance.The main content of this paper is as follows:In the first chapter,the author first introduces the research background and significance of the thesis,and defines the research object of this paper.Then it summarizes the domestic and foreign research literatures on retirement planning and private pension annuity insurance,and finally introduces the research methods,paper structure,innovation and deficiencies of the paper.The second chapter is about private pension annuity insurance and retirement planning.This chapter first introduces the related theories of private pension annuity insurance and retirement planning,and then focuses on the relationship between private pension annuity insurance and retirement planning,highlighting the function and role of the private pension annuity insurance in retirement planning.The third chapter analyzes the demand for private pension annuity insurance in China's retirement planning.Firstly,it analyzes the favorable conditions for the development of private pension annuity insurance,and demonstrates that the current potential demand for private pension annuity insurance is broad.Later,through the specific data,the fact that the actual demand for private pension annuity insurance is insufficient is discussed.Through analysis,the author finds that the important reason for restricting the transformation of potential demand is the insufficient supply of private pension annuity insurance.The fourth chapter analyzes the supply of private pension annuity insurance in China's retirement planning.The author first introduces the overall supply situation of private pension annuity insurance,then analyzes its pension function and added value in detail,and then explores the problem of restricting the development of private pension annuity insurance.The fifth chapter gives some advice on the development of private pension annuity insurance in China.On the basis of summarizing the previous articles,there are three advice for annuity insurance.That is improving residents' understanding of retirement planning and private pension annuity insurance,insurance company improving supply,and improving external environment.The innovation of the thesis lies in: First,the perspective innovation.At present,the research on private pension annuity insurance mainly focuses on the discussion of the influencing factors of demand,weakening the research on the function of private pension annuity insurance itself,and therefore does not pay attention to the unique role of private pension annuity insurance in the field of retirement planning.Today,the retirement planning is becoming more and more important.This paper takes the retirement planning as the starting point,and then discusses the developing suggestions of private pension annuity insurance based on the individual's needs in the retirement planning,enriching the research on the private pension annuity insurance theory.Second,in the research process,the author sorts out the private pension annuity insurance products sold in the market one by one,and realizes the combination of theory and reality.The shortcomings of the thesis are mainly as follows: Because the author's knowledge level is limited,there may be problems such as insufficient expression and insufficient research depth.At the same time,because the statistics on private pension annuity insurance in China are not enough,the evidence is slightly insufficient when demonstrating its market development.