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Sales of spillover-effect insurance products and provision of in-kind benefits by life insurers in 2021 through Q4

2022-01-24
As of the fourth 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 101 spillover- effect insurance products from 9 life insurance companies. In total, 668,166 new contracts for such products have been sold as of the fourth quarter of 2021, up by 225% from 205,331 compared to the fourth quarter of 2020. The first-year premium income was NT$10,916.40 million, up by 378% from NT$2,283.87 million compared to the fourth quarter of 2020.
2.    The FSC has approved or accepted registrations of 32 in-kind payment insurance products from 6 life insurance companies. In total, 34,194 new contracts for such products have been sold as of the fourth quarter of 2021, up by 5% from 32,561 compared to the fourth quarter of 2020. The first-year premium income was NT$626.81 million, up by 1,813% from NT$32.77 million compared to the fourth quarter of 2020.
 
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  • Update: 2022-01-24
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