What exactly does the "new P" in insurance companies mean?

Among the insurance companies, the newly added Qianp is the most newly added newcomer, who needs to meet the premium requirement of 1000 after joining the company.

The "P" here stands for FYP, that is, the standard premium for the first year, which is simply the premium paid in the first year.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.