Sales performance of insurance with spillover-effect and in-kind benefits provided by life insurance companies as of the first quarter of 2020
2020-04-21
As of the first quarter of 2020, the sales performance of insurance products with spillover effect and in-kind benefits provided by life insurance companies was as follows:
1. The FSC has approved or received filings of 33 insurance products with a spillover effect from 8 life insurance companies. In total, 22,444 new contracts for such products have been sold as of the first quarter of 2020, up by 188% from 7,790 compared to the first quarter of 2019. The first-year premium income was NT$297.64 million, up by 342% from NT$67.35 million compared to the first quarter of 2019.
2. The FSC has approved or received filings of 17 in kind payment insurance products from 6 life insurance companies. In total, 27,386 new contracts for such products have been sold as of the first quarter of 2020, down by 28% from 38,052 compared to the first quarter of 2019. The first-year premium income was NT$6.85 million, down by 14% from NT$7.97 million in the first quarter of 2019.
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Update:
2020-07-03