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The micro insurance umbrella grows Over 470,000 people now covered

To allow disadvantaged people and members of certain social groups to purchase basic insurance cover for a relatively small premium to avoid families or individuals falling into economic difficult in the event of accident and to urge insurers to fulfil their corporate social responsibility, the FSC is actively promoting micro insurance. At the end of June 2017, 26 insurers were engaging in micro insurance business (15 life insurance companies and 11 non-life insurance companies) and the number of people covered by such insurance exceeded 470,000, with the insured amount over NT$154.9 billion; these figures were up on the 321,000 people covered and insured amount of NT$107.1 billion at the same time in 2016 by 45%, helping to further strengthen the social security net. The four main groups of insured were indigenous people (40.68%), members of medium-low income households (22.65%) mentality and physically disabled people (11.57%) and people served by social welfare organizations and groups (10.3%).
Visitor: 1506   Update: 2018-01-23
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