Overflow Insurance Sales Surge, Q1 Premiums Up 1.2 Times to NT$24.3 Billion
According to FSC statistics, new contract sales of overflow insurance in Q1 this year reached 363,831 policies, a 44% year-on-year increase, with first-year premium income approximately NT$24.315 billion, a 119% increase from the same period last year. This was mainly driven by Cathay Life's sales of higher-premium products. In contrast, in-kind benefit insurance saw declines in both sales volume and premium income.
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- 📰 Published: May 5, 2026 at 21:08
- 🔍 Collected: May 5, 2026 at 21:31 (23 min after Published)
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Central News Agency
(Central News Agency reporter Su Ssu-yun, Taipei, 5th) Statistics from the Financial Supervisory Commission (FSC) show that in the first quarter of this year, new contract sales of overflow insurance policies reached 363,831, a year-on-year increase of 44%. First-year premium income was approximately NT$24.315 billion, an increase of 119% compared to the same period last year. The FSC explained that this was mainly driven by Cathay Life's sales of higher-premium products, with each new contract premium exceeding NT$1 million, boosting the growth of overflow insurance premiums.
The FSC today announced the sales overview of overflow and in-kind benefit insurance policies by life insurance companies in the first quarter of this year. Overflow insurance is an insurance model that transforms protection into health promotion. For example, policyholders can receive additional rewards, such as premium discounts, cash, or points, if they achieve health goals set by the insurance company through activities like exercise, healthy eating, and regular health check-ups.
Based on the reward mechanism, overflow insurance policies can be broadly divided into four major types: walking-type policies that reduce premiums or increase coverage based on exercise habits, health check-up type policies that reduce premiums or increase coverage based on physical condition values, policies that provide other non-cash benefits to promote health, and other types.
Chen Ching-yuan, Deputy Director-General of the FSC's Insurance Bureau, pointed out that 15 life insurance companies have been approved and registered for a total of 316 overflow insurance products. In the first quarter of this year, new contract sales reached 363,831, an increase of 44% compared to the same period last year, with first-year premium income of approximately NT$24.315 billion, a year-on-year increase of 119%.
FSC data shows that the top three in first-year overflow insurance premium income in the first quarter of this year were Cathay Life, Nan Shan Life, and Fubon Life, with new contract premium incomes of NT$21.6 billion, NT$1.2 billion, and NT$660 million, respectively. Their year-on-year growth rates were 141%, 1%, and 15%.
On the other hand, in-kind benefit insurance policies showed a decline. The FSC has approved and registered a total of 52 insurance products from 7 life insurance companies. In-kind benefit insurance breaks the traditional method of only providing cash compensation, instead offering actual services or goods as part of the compensation.
Chen Ching-yuan stated that in the first quarter of this year, new contract sales of in-kind benefit insurance policies were 114,963, a year-on-year decrease of 7%. First-year premium income was approximately NT$127.84 million, a decrease of 56% compared to the same period last year.
As for the top three in first-year premium income for in-kind benefit insurance in the first quarter of this year, they were Cathay Life, Fubon Life, and Nan Shan Life, with new contract premium incomes of NT$109 million, NT$14.26 million, and NT$4.24 million, respectively. Their year-on-year changes were a 59% decrease, a 48% increase, and a 67% decrease.
Regarding the divergent growth trends of overflow insurance and in-kind benefit insurance, Chen Ching-yuan explained that the higher year-on-year growth rate of overflow insurance premiums was mainly due to Cathay Life selling higher-premium policies, with each new contract premium exceeding NT$1 million, driving growth. As for in-kind benefit insurance, it is also related to the product strategy of market leader Cathay Life. Last year, Cathay Life discontinued some popular cancer and long-term care insurance products to launch new ones, leading to a higher premium base in the first quarter of this year, thus showing negative growth. (Editor: Huang Kuo-lun) 1150505
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(Central News Agency reporter Su Ssu-yun, Taipei, 5th) Statistics from the Financial Supervisory Commission (FSC) show that in the first quarter of this year, new contract sales of overflow insurance policies reached 363,831, a year-on-year increase of 44%. First-year premium income was approximately NT$24.315 billion, an increase of 119% compared to the same period last year. The FSC explained that this was mainly driven by Cathay Life's sales of higher-premium products, with each new contract premium exceeding NT$1 million, boosting the growth of overflow insurance premiums.
The FSC today announced the sales overview of overflow and in-kind benefit insurance policies by life insurance companies in the first quarter of this year. Overflow insurance is an insurance model that transforms protection into health promotion. For example, policyholders can receive additional rewards, such as premium discounts, cash, or points, if they achieve health goals set by the insurance company through activities like exercise, healthy eating, and regular health check-ups.
Based on the reward mechanism, overflow insurance policies can be broadly divided into four major types: walking-type policies that reduce premiums or increase coverage based on exercise habits, health check-up type policies that reduce premiums or increase coverage based on physical condition values, policies that provide other non-cash benefits to promote health, and other types.
Chen Ching-yuan, Deputy Director-General of the FSC's Insurance Bureau, pointed out that 15 life insurance companies have been approved and registered for a total of 316 overflow insurance products. In the first quarter of this year, new contract sales reached 363,831, an increase of 44% compared to the same period last year, with first-year premium income of approximately NT$24.315 billion, a year-on-year increase of 119%.
FSC data shows that the top three in first-year overflow insurance premium income in the first quarter of this year were Cathay Life, Nan Shan Life, and Fubon Life, with new contract premium incomes of NT$21.6 billion, NT$1.2 billion, and NT$660 million, respectively. Their year-on-year growth rates were 141%, 1%, and 15%.
On the other hand, in-kind benefit insurance policies showed a decline. The FSC has approved and registered a total of 52 insurance products from 7 life insurance companies. In-kind benefit insurance breaks the traditional method of only providing cash compensation, instead offering actual services or goods as part of the compensation.
Chen Ching-yuan stated that in the first quarter of this year, new contract sales of in-kind benefit insurance policies were 114,963, a year-on-year decrease of 7%. First-year premium income was approximately NT$127.84 million, a decrease of 56% compared to the same period last year.
As for the top three in first-year premium income for in-kind benefit insurance in the first quarter of this year, they were Cathay Life, Fubon Life, and Nan Shan Life, with new contract premium incomes of NT$109 million, NT$14.26 million, and NT$4.24 million, respectively. Their year-on-year changes were a 59% decrease, a 48% increase, and a 67% decrease.
Regarding the divergent growth trends of overflow insurance and in-kind benefit insurance, Chen Ching-yuan explained that the higher year-on-year growth rate of overflow insurance premiums was mainly due to Cathay Life selling higher-premium policies, with each new contract premium exceeding NT$1 million, driving growth. As for in-kind benefit insurance, it is also related to the product strategy of market leader Cathay Life. Last year, Cathay Life discontinued some popular cancer and long-term care insurance products to launch new ones, leading to a higher premium base in the first quarter of this year, thus showing negative growth. (Editor: Huang Kuo-lun) 1150505
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
Text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.