The relevant person in charge of the China Banking and Insurance Regulatory Commission said recently that the pilot of exclusive commercial endowment insurance has achieved good results and will summarize the experience of the pilot work in time to promote the normal development of this work. In the future, more qualified institutions will be allowed to operate, so that the results of the reform will benefit more people< Br > < div class= "contheight" > < / div > it is reported that exclusive commercial endowment insurance refers to the personal endowment annuity insurance products aged 60 and above for the purpose of old-age security, which is an integral part of the third pillar of endowment insurance. The product design is divided into two stages: accumulation period and receiving period, and the receiving period shall not be less than 10 years< Br > < div class= "contheight" > < / div > the exclusive commercial endowment insurance adopts a flexible payment method, and allows relevant enterprises and institutions to provide payment support for the above-mentioned employees to purchase exclusive commercial endowment insurance in an appropriate manner and in accordance with the law for employees in new industries, new formats and various flexible employment. The relevant fees paid by enterprises and institutions are all entered into personal accounts after deducting the initial expenses, and the rights and interests belong to individuals< Br > < div class= "contheight" > < / div > from June 1, 2021, the pilot of exclusive commercial endowment insurance will be carried out by six insurance companies in Zhejiang Province (including Ningbo) and Chongqing. From March 1, 2022, the pilot area will be expanded to the whole country, and pension insurance companies will be allowed to participate in the pilot on the basis of the original six pilot insurance companies< Br > < div class= "contheight" > < / div > as of the end of June, the total number of insured pieces of exclusive commercial endowment insurance was 196000, including 29600 pieces for employees of new economy, new business and flexible employment.