Page 46 - BLI-Brief Introduction

Brief Introduction
INSURE
Your Life

2. Premium Rates and Monthly 3. Insurance Benefits
insurance Amount Benefits include Old-Age Pension Benefits,

In 2021, the premium rate for the insurance Maternity Benefits, Disability Pension Payments,
program is 9.5%, and the monthly insurance amount Survivor Pension Payments, and Funeral Benefits,
is NT$18,282. Insured persons shall pay 60% of the furthermore Old-Age Citizens' Welfare Allowances
premium and the central competent authority shall and Old-Age Indigenes' Welfare Allowances given
pay for the remaining 40%. For low-income insured before the implementation of the National Pension
persons, middle-to-low-income insured persons are integrated into the Old-Age Basic Guaranteed
or those with incomes below specific standards Pension Payments and Indigenous People
or those who have disability identification, can get Payments, continuously to be handled by BLI.
higher subsidization for the amount of the premium (1)Old-Age Pension Benefits
from the central competent authority or even fully
subsidized. People who are currently insured by the
national pension insurance program or who

Note: once participated in the program, no matter
Starting from June, 2020, “Middle-to-low-income how many years they have participated in the
insured persons” are eligible to receive subsidies. program, can claim old-age pension benefits
when they reach the age of 65. The pension will
be granted monthly from the month an insured
National Pension Program person qualifies until the month he/she is dead.

Old-Age Pension Benefits Calculation formula ─

Method A = ( Monthly insurance amount
Old-Age Basic Guaranteed ×insurance coverage years ×0.65% ) + NT$3,772
Pension Payments
Method B = ( Monthly insurance amount
×insurance coverage years × 1.3% )
Indigenous People Payments
±The insured person who has overdue
premiums of more than 10 years, has
Maternity Benefits simultaneously received other related social
welfare allowances or old-age pension
payments from other related social insurance
Disability Pension Payments can’t choose the Method A.

Disability Basic Guaranteed (2)Old-Age Basic Guaranteed Pension
Pension Payments
Payments

Survivor Pension Payments People who were aged 65 or above at the time
of the implementation of this Act can receive
old-age basic guaranteed pension payments.
Funeral Benefits The payment has been NT$3,772 per month
since January 1, 2020.

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