The invention discloses an MLCC (multilayer ceramic capacitor) dielectric material with an excellent insulation characteristic. BaTiO3 powder serves as a base material, components including, in percentage by mass, 0.3%-0.8% of Na0.5Bi0.5TiO3, 0-1.5% of (NiO)(1-x)(NbO2.5)x, 0-0.5% of (MnO)(1-y)(NbO2.5)y and 1.0%-3.0% of CaZrO3 are added, wherein x ranges from 0.6 to 0.8, and y ranges from 0.4 to 0.6. BaTiO3 powder serves as the base material, Na0.5Bi0.5TiO3 is added, and a BT-NBT mixture is prepared after calcination; (NiO)(1-x)(NbO2.5)x, (MnO)(1-y)(NbO2.5)y and CaZrO3 are added to the BT-NBT mixture, the mixture is subjected to ball milling, dried, sieved, granulated and pressed into a green body, the green body is calcined in the nitrogen and hydrogen mixed atmosphere at the temperature of 1,300-1,320 DEG C, and the MLCC dielectric material is prepared. The MLCC dielectric material has the capacitance change rate smaller than or equal to plus or minus 15%, high dielectric constant (41729), lower dielectric loss (0.026) and the resistivity higher than 1011 omega.cm within the temperature zone of subzero 55-150 DEG C.