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