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FSC encourages insurers to sell and design insurance products suitable for elderly people

To encourage insurers to sell and design insurance products suitable for elderly people, the FSC has amended the Order on the Interpretation of Paragraph 9, Article 15 of the Regulations Governing Foreign Investments by Insurance Companies, increasing the weighting of insurance products for the elderly in the life insurance company’s product structure composite score, and it was effective from July 1, 2018. Life insurance companies that meet the life insurance company’s product structure composite score requirement set by the competent authority may suitably increase their overseas investment amount. To meet the needs of an aging society, the FSC encourages insurers to provide more insurance products suitable for elderly people to assist people in Taiwan to plan for economic security and medical care in old age and thus strengthen the social security net.
Visitor: 3261   Update: 2018-08-17
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