Insurers’ FYPs continued to drop in January, but pace of decline slowingBy Kao Shih-ching / Staff reporterLife insurers’ first-year premiums (FYPs) continued to fall in January, but the pace of decline slowed from previous months, helped by sales of investment-linked products, the Life Insurance Association said in a report on Feb. 19. The logos of local life insurance companies are pictured in an undated illustration. The association attributed the decline to insurers cutting declared interest rates and halting sales of unprofitable disability insurance products. Traditional life insurance policies comprise of regular life insurance, accident insurance, health insurance and annuity insurance products. Sales of accident insurance policies rose 2.5 percent in January and annuity insurance sales rose 34.3 percent, the report said.

Source: Taipei Times March 01, 2021 15:56 UTC