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Sales of spillover-effect insurance products and provision of in-kind benefits by life insurers in 2022 through Q1

As of the first quarter of 2022, 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 105 spillover- effect insurance products from 9 life insurance companies. In total, 219,101 new contracts for such products have been sold as of the first quarter of 2022, up by 85% from 118,427 compared to the first quarter of 2021. The first-year premium income was NT$3,246.76 million, up by 242% from NT$949.72 million compared to the first quarter of 2021.
2.    The FSC has approved or accepted registrations of 34 in-kind payment insurance products from 6 life insurance companies. In total, 43,982 new contracts for such products have been sold as of the first quarter of 2022, up by 1,307% from 3,125 compared to the first quarter of 2021. The first-year premium income was NT$697.38 million, up by 3,193% from NT$21.18 million compared to the first quarter of 2021.
Visitor: 465   Update: 2022-04-28
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