In China, the life insurance pricing method stipulated by the insurance supervision and administration institution is

Insurance pricing is based on life table, which is a huge base statistics. Generally, the population of 654.38+10,000 or even more than 654.38+10,000 is taken as the observation object, and the mortality/morbidity of each age group is counted from 0 to 100, so as to calculate the relevant price. Finally, it will be reviewed by the China Insurance Regulatory Commission. Everyone uses life tables, so the rates are similar.