Reported 11 months ago
As of the end of June, several popular insurance plans, notably those by Fubon Life, are ceasing sales, with the Insurance Bureau Deputy Director of the Financial Supervisory Commission clarifying that this is not related to the new 'real pay' insurance system. The removal of these plans is attributed to business strategies, risk management considerations, and adjustments in line with regulatory requirements. While some delay in implementing the new system has been discussed, many insurance companies have announced the suspension of various types of insurance by June 30, marking a significant turning point in the insurance market.
Source: YAHOO