As of the third quarter of 2023, the performance of life insurers in selling spillover-effect insurance products and providing in-kind benefits was as follows:
The FSC has approved or accepted registrations of 197 spillover- effect insurance products from 13 life insurance companies. In total, 846,835 new contracts for such products have been sold as of the third quarter of 2023, down by 5% from 894,728 compared to the third quarter of 2022. The first-year premium income was NT$16,357.03 million, up by 48% from NT$11,080.03million compared to the third quarter of 2022.
The FSC has approved or accepted registrations of 44 in-kind payment insurance products from 6 life insurance companies. In total, 198,847 new contracts for such products have been sold as of the third quarter of 2023, up by 19% from 167,349 compared to the third quarter of 2022. The first-year premium income was NT$2,673.78 million, up by 8% from NT$2,465.32 million compared to the third quarter of 2022.