Press Release
Sales of spillover-effect insurance products and provision of in-kind benefits by life insurers in 2023 through Q1
2023-04-25
As of the first quarter of 2023, 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 176 spillover- effect insurance products from 12 life insurance companies. In total, 272,763 new contracts for such products have been sold as of the first quarter of 2023, up by 24% from 219,101 compared to the first quarter of 2022. The first-year premium income was NT$4,699.52 million, up by 45% from NT$3,246.76million compared to the first quarter of 2022.
2. The FSC has approved or accepted registrations of 40 in-kind payment insurance products from 6 life insurance companies. In total, 43,423 new contracts for such products have been sold as of the first quarter of 2023, down by 1% from 43,982 compared to the first quarter of 2022. The first-year premium income was NT$637.83 million, down by 9% from NT$697.38 million compared to the first quarter of 2022.
1. The FSC has approved or accepted registrations of 176 spillover- effect insurance products from 12 life insurance companies. In total, 272,763 new contracts for such products have been sold as of the first quarter of 2023, up by 24% from 219,101 compared to the first quarter of 2022. The first-year premium income was NT$4,699.52 million, up by 45% from NT$3,246.76million compared to the first quarter of 2022.
2. The FSC has approved or accepted registrations of 40 in-kind payment insurance products from 6 life insurance companies. In total, 43,423 new contracts for such products have been sold as of the first quarter of 2023, down by 1% from 43,982 compared to the first quarter of 2022. The first-year premium income was NT$637.83 million, down by 9% from NT$697.38 million compared to the first quarter of 2022.
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- Update: 2023-04-25