Reported about 1 year ago
The system of copy claims for medical insurance with actual cost reimbursement will soon become history as it returns to the principle of damage compensation, with insurance policies capped at actual medical expenses incurred. In an effort to prevent insurers from encouraging clients to seek higher claims with multiple companies, the Insurance Bureau Deputy Director emphasized the importance of providing service and strictly banned the offering of non-claims bonuses. Following a comprehensive survey by the Financial Supervisory Commission, insurers are expected to implement the new policy by September 1 or October 1, with penalties for non-compliance. Major insurers like Taiwan Life, Sun Life, and E.Sun have already ceased selling certain policies, attributing the changes to various factors including risk management and market conditions.
Source: YAHOO