Taiwan life insurers see premiums soar despite fewer policy sales

A total of 932,074 new contracts were sold.

Taiwan’s life insurers sold fewer spillover-effect insurance products in the first nine months of 2025 but saw a sharp rise in premium income, according to data from the Insurance Bureau.

As of the third quarter, 15 life insurance companies had received approval or registration for 299 spillover-effect products. 

A total of 932,074 new contracts were sold, down 1% from 939,542 a year earlier.

However, first-year premium income climbed 46% to $0.92b (NT$27.88b) from $0.63b (NT$19.07b) in the same period of 2024.

Sales of in-kind payment insurance products rose significantly, with 343,543 new contracts sold by seven insurers, up 81% from 190,040 a year earlier.

Despite this, first-year premium income fell 49% to $24m (NT$727.42m) from $47m (NT$1.44b) in 2024.

In total, the bureau has approved or accepted registrations for 52 in-kind payment products and 299 spillover-effect products as of the third quarter of 2025.

($1.00 = NT$30.56)