Insurance policies for COVID-19 surge this monthBy Kao Shih-ching / Staff reporterAbout 460,000 COVID-19 insurance policies were sold over the past week as people seek to protect themselves amid soaring local infections, Financial Supervisory Commission (FSC) data showed. Local insurers have sold 1.65 million COVID-19 insurance policies since they were launched early last year, following a spike of 38 percent in the week ending Monday, the data showed. Although many insurers earlier this month halted sales of policies compensating quarantined people, other related insurance products were available to cover hospitalization and adverse events from vaccination. Sales of COVID-19 insurance this week totaled NT$302 million (US$10.32 million), about one- third of such policies that were sold up until Tuesday last week, data showed. The growth in compensation for vaccine insurance was slower than payouts for COVID-19 policies — local insurers compensated 150 policyholders over the week with a combined NT$5.1 million, the data showed.

Source: Taipei Times April 22, 2022 20:29 UTC