Page 40 - BLI-Brief Introduction

Brief Introduction
INSURE
Your Life

Trends in the No. of Insured Persons and Benefits Payment of Farmer Health Insurance
(1999-2021)

No. of insured persons Insurance benefits payment
(in 10,000) (in NT$100 million)
250 160

135 131 140
225
120
112
200
94 100
180 178 177 87 81 88 85 84 87 86 85 85 87 82 82
175 175 168 77 75 74 74 74 80
171 165 162 69 67
160
157
154 151 60
150 148 145
141
135 40
128
125 124 117
113 20
108 105
101
100 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0

No. of insured persons(in 10,000) Insurance benefits payment(in NT$100 million)

(2)Disability Benefits (3)Funeral Grant

If an insured person suffers from injury or In the event of the death of an insured person,
sickness with current symptoms remaining funeral grant equivalent to 15 months of his/
stable after the termination of treatment, no her monthly insurance amount is payable to
improvement is expected even continuing the the person who pays for funeral expenses
treatment, the insured person is diagnosed (NT$153,000).
as being permanently disabled by qualified
national health insurance specially contracted 4. Financing
hospitals, and meet the regulations in the Since its implementation, the farmer health
disability benefits payment standards, he/she insurance program has been suffering from a loss
could apply for disability benefits. There are year after year. This is mainly because that the
fifteen levels defined for disability classification, insured persons are relatively older, with an average
the highest level is Level 1, in which the insured age of 67.84. As at the end of December, 2021,
person is paid up to 1,200 days (NT$408,000); insured persons aged 65 and above accounted
the lowest level is Level 15, in which the insured for 59.89% of the total, resulting in a high ratio of
person is paid 30 days (NT$10,200). claim for disability benefits and funeral grant. The
low premium rate over a long period also accounts

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