| Critical illness cover appeared in East Asia | | | | by men aged 20-24 followed by 82 aged 25-29, |
| during the year 1988. Since then, it may have | | | | 95 aged 30-34, 146 aged 35-39 and 215 aged |
| been a success for the market. Besides, | | | | 40-44. Further analysis carried out showed |
| countries such as Malaysia, Hong Kong, | | | | around 160 critical illness claims had been |
| Singapore and Taiwan all form part of the | | | | made by men aged 45-49, 99 aged 50-54, 44 |
| East Asian insurance industry. Companies in | | | | aged 50-59 and finally 8 aged 60-64. |
| nearly all these countries may have been | | | | |
| marketing critical illness cover | | | | As for women, the critical illness claim |
| successfully. Let's have a look at the | | | | rates varied as compared to that of men. |
| development of critical illness cover in East | | | | About 48 claims had been made by women age |
| Asia. | | | | 20-24 followed by 82 aged 25-29, 162 aged |
| | | | 30-34, 219 aged 35-39 and 214 aged 40-44. |
| According to Pakshong CS and Nieder D, | | | | additional research showed that around 274 |
| Nov1997, probably all insurance companies may | | | | critical illness claims had been made by |
| have already launched their first critical | | | | women aged 40-44, 220 aged 45-49, 100 aged |
| illness policy during the mid 1990's. | | | | 50-54, 55 aged 55-59 and finally 12 aged |
| Critical illness cover may not have been | | | | 60-64. |
| offered only by life insurers but by health | | | | |
| insurers also. Health insurers offered | | | | If the results are analysed carefully it |
| critical illness cover with the aim to | | | | could be noted that critical illness claims |
| provide additional benefits on top of their | | | | among women may be much higher in contrast to |
| original policies. Moreover, around 40 | | | | that of men. For example, 73 more critical |
| percent of work carried out in connection | | | | illness claims for women could be noted if |
| with critical illness insurance from | | | | the age group 35-39 is compared for both men |
| 1994-1995 may have stemmed out from policies | | | | and women. Furthermore, The Life Insurance |
| in force for a year. As a result, critical | | | | Association of the Republic of China |
| illness cover started to become successful. | | | | conducted the "Dread Disease Experience Study |
| In the year 1996, more than one million | | | | 1996". This research aimed most at studying |
| critical illness policies could already be | | | | the Taiwanese experience of critical illness |
| counted in East Asia. | | | | cover. Results may have been positive. Around |
| | | | 2.4 million critical illness policies may |
| Critical illness claims rates may have also | | | | have been sold in a year with more than 2,108 |
| been recorded for both men and women. Let's | | | | critical illness claims successfully paid. |
| have a glance. | | | | The total sum insured may have been around |
| | | | TWD 1.24 billion. |
| Around 42 critical illness claims were made | | | | |