As of the first quarter of 2021, the performance of life insurers in selling spillover-effect insurance products and providing in-kind benefits was as follows:
1.The FSC has approved or accepted registrations of 68 spillover- effect insurance products from 8 life insurance companies. In total, 118,427 new contracts for such products have been sold as of the first quarter of 2021, up by 428% from 22,444 compared to the first quarter of 2020. The first-year premium income was NT$949.72 million, up by 219% from NT$297.63 million compared to the first quarter of 2020.
2.The FSC has approved or accepted registrations of 22 in-kind payment insurance products from 6 life insurance companies. In total, 3,125 new contracts for such products have been sold as of the first quarter of 2021, down by 89% from 27,386 compared to the first quarter of 2020. The first-year premium income was NT$21.18 million, up by 209% from NT$6.85 million compared to the first quarter of 2020.