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Sales of spillover-effect insurance products and provision of in-kind benefits by life insurers in 2020 through Q4

As of the fourth quarter of 2020, 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 54 spillover- effect insurance products from 8 life insurance companies. In total, 205,331 new contracts for such products have been sold as of the fourth quarter of 2020, up by 241% from 60,117 compared to the fourth quarter of 2019. The first-year premium income was NT$2,283.87 million, up by 179% from NT$816.46 million compared to the fourth quarter of 2019.
2.The FSC has approved or accepted registrations of 22 in-kind payment insurance products from 6 life insurance companies. In total, 32,561 new contracts for such products have been sold as of the fourth quarter of 2020, down by 82.1% from 181,755 compared to the fourth quarter of 2019. The first-year premium income was NT$32.77 million, down by 14.8% from NT$38.46 million compared to the fourth quarter of 2019.
Visitor: 241   Update: 2021-03-18