Sales of spillover-effect insurance products and provision of in-kind benefits by life insurers in 2020 through Q3
2020-11-03
As of the third quarter of 2020, 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 46 spillover-effect insurance products from 8 life insurance companies. In total, 121,774 new contracts for such products have been sold as of the third quarter of 2020, up by 329% from 28,383 compared to the third quarter of 2019. The first-year premium income was NT$1,427.02 million, up by 287% from NT$368.62 million compared to the third quarter of 2019.
2.The FSC has approved or accepted registrations of 21 in-kind payment insurance products from 6 life insurance companies. In total, 30,283 new contracts for such products have been sold as of the third quarter of 2020, down by 75.3% from 122,655 compared to the third quarter of 2019. The first-year premium income was NT$16.18 million, down by 41.7% from NT$27.79 million in the third quarter of 2019.
Visitor:
625
Update:
2020-12-08