Reported 8 months ago
Taiwan stock and US stock markets hitting highs in June drove the popularity of investment-linked insurance policies, with life insurance companies selling NT$27.4 billion worth in May, a 10-month high. This surge in sales contributed to the life insurance industry's new contract premium income reaching NT$67.2 billion in May for the third consecutive month over NT$60 billion. Investment-linked policies have been a significant contributor to new life insurance premiums for two consecutive months. The increase in sales is attributed to the bullish stock market, with investment-linked policy sales exceeding NT$25 billion since March, peaking at NT$27.4 billion in May, the highest in 10 months. The revival in demand for such policies began in March, primarily driven by investment-linked pension insurance, with sales surpassing NT$17 billion compared to only NT$6 billion in February, maintaining high sales figures for three months and reaching NT$17.3 billion in May. Notably, the resurgence in May also includes investment-linked life insurance policies surpassing NT$10 billion for the first time in 10 months. Overall, the life insurance industry's performance in May showed resilience, with investment-linked policies leading the way and traditional life insurance policies also showing steady growth in premium sales.
Source: YAHOO