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Cross analysis of long-term care insurance policyholders’ gender, age, districts they are located, and annual income

2019-11-07
As of the first half of 2019, life insurance firms have 692,081 effective long-term care insurance contracts which male policyholders account for 45.52%, and female policyholders account for 54.48%. It shows that women have slightly greater need for long-term care insurance than men. With regard to the influence of age on the demand for long-term care insurance, the age of policyholders is mainly from 40 to 49 years old, where male and female policyholders account for 24.73% and 29.90%, respectively. It may be related to the fact that, as people grow old and reach financial stability, they gradually cherish their health and the needs of long-term care in the future. When this kind of insurance products is promoted and advocated in future, the concept of “early planning” will be reinforced in order to raise young peoples’ (20 to 39 years old) willingness to purchase long-term care insurance.
When categorizing the data mentioned above based on policyholders’ contact address, among the 6 special municipalities, Tainan City had the highest insurance coverage rate, 2.12% for men, and 4.56% for women; among the 16 counties and cities, Yilan County had the highest insurance coverage rate, 3.01% for men, and 6.41% for women.
 
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  • Update: 2019-11-07
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