Reported 12 months ago
Starting from July 1st, standard fees for personal travel accident insurance coverage in Taiwan have been reduced by 10%, resulting in lower travel insurance premiums. Additionally, the Financial Supervisory Commission has introduced exclusive insurance policies for electric vehicles to cover accident-related damages, with estimated premiums 6% to 9% higher than traditional fuel vehicles. Moreover, insurance companies are no longer allowed to reference injury insurance policy clauses to reduce claims risks for disability assistance policies. These changes aim to differentiate between accident and illness-induced disabilities. The revised regulations also require a return to the principle of reimbursing actual medical expenses in medical insurance policies. The implementation date for the latter has been postponed from July to October, following controversies around a previous limit on the number of medical insurance policies an individual could purchase and the potential for profits from sickness.
Source: YAHOO