Shin Kong Life Cares for Society, Ensures Fair Customer Treatment | Latest News | Shin Kong Life Sustainability

  Shin Kong Life has expanded the implementation of "Microinsurance for Low-Income Households" in collaboration with the Yunlin County Government.
 

Shin Kong Life Cares for Society, Ensures Fair Customer Treatment

 

Shin Kong Life has long been committed to social welfare and responds to the government's vigorous promotion of microinsurance. This year, it continues to expand the implementation of "Microinsurance for Low-Income Households" in cooperation with the Yunlin County Government. This initiative provides one-year coverage, with individuals with disabilities enjoying up to NT$300,000 in group microinsurance coverage, fully sponsored by Shin Kong Life and the Shin Kong Life Charity Foundation, to provide additional protection for vulnerable groups. On July 26, the Yunlin County Government held a donation press conference, where County Magistrate Chang Li-Shan presented a certificate of appreciation to Shin Kong Life, and Mr. Dai Junming, Assistant Manager of Shin Kong Life, attended to accept the honor.

 

Microinsurance, known as "copper-plate policies," is characterized by its low premiums, convenient purchase, and exemption from medical examinations. In order to benefit more economically disadvantaged families and leverage the stabilizing power of insurance for families and society, Shin Kong Life insured nearly 1,000 "special circumstances families" in Yunlin in 2019. In 2020, coverage was increased to nearly 1,500 households listed under the "Child and Adolescent Living Assistance Subsidy" program. To realize inclusive finance and promote the spirit of fair customer treatment, the coverage was further expanded this year to include individuals aged 15 to 70 with "disability certificates," regardless of disability level. Premium sponsorship exceeded NT$4 million, benefiting nearly 30,000 people.

 

In addition to Yunlin County, Shin Kong Life's microinsurance initiative has collaborated with multiple county and city governments. In the first half of this year, it continued to assist in the renewal of group microinsurance in counties and cities such as Hsinchu, Chiayi, Miaoli, and Keelung. The coverage includes low-income families, lower-middle-income families, vulnerable children and adolescents, special circumstances families, individuals with intellectual disabilities, and indigenous households. Since 2014, nearly 190,000 people have benefited from these initiatives, with sponsored premiums totaling nearly NT$40 million. Including individual microinsurance, cumulative premiums have exceeded NT$50 million. Shin Kong Life hopes that vulnerable groups can enjoy basic protection every year, realizing the corporate philosophy of "insurance for everyone, protection for every household."

 

To fill gaps in government social insurance or social assistance mechanisms, Shin Kong Life has long cooperated with regulatory authorities to promote microinsurance for vulnerable groups. It has received awards in the "Microinsurance Competition" held by the Financial Supervisory Commission every year, recognizing its dedication and efforts in promoting microinsurance. In the future, it hopes to cooperate with more county and city governments and vulnerable groups, fulfill corporate sustainable development and social responsibilities, expand the social protection umbrella of microinsurance, and realize the spirit of Shin Kong Life's brand, "Bringing light to fulfill every expectation."