As for endowment life insurance (ULI) in yuan, the average return on such programs varies from 3% to 6% per annum.
Unit-linked insurance products in yuan are expected to appear on the Russian market in the near future. Such strategies will allow invest in yuan bonds issued by Russian issuers. This will give conservative investors the opportunity to diversify their investment portfolio. The return on unit-linked insurance strategies in yuan is expected to be 4–4.5% per annum. Calculations will be carried out in rubles to protect against devaluation, and the dynamics of return will be determined by changes in the exchange rate. The advantage of the strategy will be the absence of taxes on currency revaluation.
As a result, the share of the yuan on the Russian exchange market reached almost 40% by the end of 2022 and continued to grow in 2023. And in August 2023, the Central Bank of the Russian Federation swapped exchange rates on its website: the yuan now comes first, not the dollar.
Thus, it is obvious that the use of the Chinese yuan and other currencies of friendly countries in insurance products will expand the Russian life insurance market as a whole.
Photos are from open sources.