The invention discloses innovative flame-retardant, water-proof, mildew-proof and radiation-proof insulating mortar and products, which comprise nine base materials resisting the temperature of 80 DEG C below zero to 1,000 DEG C, i.e., aluminum silicate, magnesium oxide [1,500 DEG C], diatomite [1,000 DEG C], vitrified micro bubbles [1,000 DEG C], silicon nitride [1,000 DEG C], bentonite [900 DEG C], expanded perlite [800 DEG C], expanded vermiculite [800 DEG C] and magnesium chloride [800 DEG C], two mineral admixtures, five reinforcements, i.e., amphibole asbestos wool fiber, glass fiber, ceramic fiber, magnesium silicate wool fiber and polycrystalline mullite fiber and 14 base material-additives of different functions, i.e., a fire-proof material, a water-proof agent, an anti-radiation agent, an anti-mildew agent, an adhesive, an anti-freezing agent, a thixotropic agent, a curing agent, a brightening agent, an early strength agent, a foaming agent, an expanding agent and a masking agent, wherein nine kinds of low-carbon fire-proof insulating mortar which are used in different environments are developed through an innovative technical formula and are used for coating interior and exterior walls and manufacturing an insulating material for various plates, pipes and irregularly-shaped products; and the innovative flame-retardant, water-proof, mildew-proof and radiation-proof insulating mortar and product are national initiative environment-friendly low-carbon and fire-proof insulating mortar and product.