Taiwan life insurers double premium income on spillover-effect plans

As of Q1 2025, the FSC has approved or registered 251 such products.

Life insurers in Taiwan recorded mixed results in the first quarter of 2025 across spillover-effect and in-kind payment insurance products, according to the Financial Supervisory Commission (FSC).

Sales of spillover-effect insurance products fell 18% year-on-year (YoY), with 253,136 new contracts sold compared to 310,232 in the first quarter (Q1 2025). 

Despite the decline in contract volume, first-year premium income more than doubled to $365.99m (NT$11,091.03m), up 110% YoY from $174.39m (NT$5,284.44m).

As of Q1 2025, the FSC has approved or registered 251 such products across 15 life insurers.

In contrast, in-kind benefit insurance products saw contract volumes increase 58% YoY to 123,515. 

However, premium income for these products dropped sharply by 62% YoY, falling from $25.38m (NT$769.02m) to $9.59m (NT$290.85m). 

A total of 50 in-kind products from 7 life insurers had been approved or registered by the FSC as of the end of the quarter.