Nan Shan, founded in July 1963 is one of Taiwan’s longest-established insurance companies. Having abided by the motto of “Trust, Care, and Integrity”, Nan Shan has always put its best foot forward to offer services that touch policyholders’ hearts and rekindle one dream after another. Consequently, Nan Shan is praised as a reliable long-term partner for policyholders, employees and society as a whole, as well as Taiwan’s No.1 “benchmark” business.
Wide Range of Insurance Products to Satisfy the Needs of Various Life Stages
Nan Shan Life sets the goal to satisfy customer needs by developing insurance products for various life stages in order to help customers build comprehensive insurance coverage for various life risks.In addition, Nan Shan is dedicated to providing customers with comprehensive insurance and financial management planning and ubiquitous services for various needs via various distributions. Nan Shan keeps our promises to our customers and reinforces the stability and happiness for them and their families.
- Focus on Life Insurance and Provide Multiple Products
Nan Shan recognizes the problem of insufficient insurance coverage and the risks that citizens have to face; therefore, Nan Shan provides comprehensive life insurance products, which range fromshort-term insurance to long-term and permanent life insurance. Customers can choose products that suit them best. This in turn assists them further in making their lives more secure.
- All-inclusive Health Insurance Products Satisfy Medical Needs
Various types of health insurance products are provided including full reimbursement, reimbursement in installments or/and at fixed rates or permanent insurance. Customers can have comprehensive insurance plans based on their personal needs. Specific products for top 10 serious diseases and cancers are also designed to satisfy health insurance needs.
- Provide Injury Insurance Products to Create a Full Accident Protection Network
Accidents can happen anytime, so accident insurance products of Nan Shan that are more comprehensive are developed, including personal accident insurance, accidental daily hospital income and injury insurance with full reimbursement. The first permanent insurance product with full reimbursement in Taiwan was also introduced by Nan Shan. In addition, Nan Shan was the first insurance company to provide accidental fracture insurance to cater to the increasing needs of protection of the elderly, who are prone to accidental bone fractures. The comprehensive protection helps to reduce customers’ medical expenses.
- Be the First Insurance Company to Launch Innovative Personal Micro-insurance Products to Take Care of Minorities in Response to Governmental Policies
Nan Shan is the first insurance company to provide personal micro-insurance products. Lower insurance rate is offered tomake basic accidental death/disability insuranceaffordable to minority groups. Injury micro-insurance for groups also became available, covering more groups in need. Special service counters are set in business centers and free micro-insurance consulting hotlines areprovidedto help customers gain easier accessto professional support.
- Develop New Insurance Products to Meet Public Needs Following Social Trends
New insurance products are continuously developed and provided in response tovarious needs and future social trends. For example, to address the issues of an aging society, a series of pension insurance products and long-term healthcare insurance products are provided tosecure customers’lives after retirement. Preventive healthcare was also introduced to encourage people to make proper healthcare and insurance plans. Due to the influence of shifts in international trends, Nan Shan also provides various USD insurance policies so that customers’ investment plans can be more diverse andthe allocation of their assets more flexible.
Provide Ubiquitous Services for Different Needs via Distribution
Every insurance plan comes with Nan Shan’s lifetime commitment. Nan Shan has turned Intangible commitment into tangible services through various service channels including insurance agents, financial institutions, corporations and the Internet.
- Provide and Cultivate the Best Agents
- More than 30,000 agents.
- The only insurance company awarded for“The Best Agent” for 21 times.
(Risk Management, Insurance and Finance Magazine-The Best Insurer Survey )
- Keep recruiting agents and developing emerging service areas.
- The first EMBA training program to cultivate CEO-level managers.
- Experienced agents teach and lead new agents.
- Combine Partnership Advantages and Deepen Sales Channelsfor Bank Insurance
- Utilize non-financial features to develop bancassurance sales and service points in various ways.
- Build mutually beneficial partnerships with banks based on the concept of strategic alliance.
- Develop customized training courses and activities based on characteristics and needs of banks.
- Design exclusive products according to features of channels.
- Account for the Most Market Share in Corporate/Group Insurance
- The first insurance company in Taiwan to offer group insurance and has accumulated more than 40 years of experience in corporate insurance.
- The broadest coverage of group insurance.
- Specially assigned agents to companies to timely provide insurance consulting service for corporate cost reduction.
- Develop a sustainable win-win system for corporations and employees inpersonal insurance, group insurance, talent retention and pension planning.
- Digital Financial Innovation – Establish Digital Insurance Platform
- Term life insurance and travel insurance are also provided online.
- Exclusive and diverse products are designed for online customers, while customer information and demandscan be accurately acquired by big data analytics.
UK’s Sunak could extend stamp duty holiday until June-end – The Times
(Reuters) – British finance minister Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to boost activity in the housing market as the country emerges from lockdown, The Times reported on Wednesday.
The extension to the policy, which covers sales of properties worth up to 500,000 pounds ($708,100), could cost the government 1 billion pounds, the report https://bit.ly/3sglJoS added.
Britain raised the threshold of property tax to 500,000 pounds last July from 125,000 pounds, exempting nine of 10 people buying a main home from stamp duty. The temporary cuts are set to expire in March 2021.
Sunak will use his annual budget on March 3 to move the policy to the end of June, bringing it in line with the easing of lockdown restrictions, the newspaper said.
He will also announce plans to raise corporation tax while Treasury officials are considering a 25% tax hike.
Sunak said on Tuesday that he would set out more details of job support measures at his budget next week, after official figures showed unemployment had risen to its highest since early 2016.
($1 = 0.7061 pounds)
(Reporting by Aishwarya Nair in Bengaluru, Editing by Sherry Jacob-Phillips)
Chipmakers in drought-hit Taiwan order water trucks to prepare for ‘the worst’
TAIPEI (Reuters) – Taiwan chipmakers are buying water by the truckload for some of their foundries as the island widens restrictions on water supply amid a drought that could exacerbate a chip supply crunch for the global auto industry.
Some auto makers have already been forced to trim production, and Taiwan had received requests for help to bridge the shortage of auto chips from countries including the United States and Germany.
Taiwan, a key hub in the global technology supply chain for giants such as Apple Inc, will begin on Thursday to further reduce water supply for factories in central and southern cities where major science parks are located.
Water levels in several reservoirs in the island’s central and southern region stand at below 20%, following months of scant rainfall and a rare typhoon-free summer.
“We have planned for the worst,” Taiwan Economy Minister Wang Mei-hua told reporters on Tuesday. “We hope companies can reduce water usage by 7% to 11%.”
With limited rainfall forecast for the months ahead, Taiwan Water Corporation this week said the island has entered the “toughest moment”.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker, this week started ordering small amounts of water by the truckload to supply some of its facilities across the island.
“We are making preparations for our future water demand,” TSMC told Reuters, describing the move as a “pressure test”. The chip giant said it has seen no impact on production. Both Vanguard International Semiconductor Corporation and United Microelectronics Corp signed contracts with water trucks and said there was no impact on production.
Vanguard said it has started a drill to truck water to its facilities in the northern city of Hsinchu.
Taiwanese technology companies have long complained about a chronic water shortage, which became more acute after factories expanded production following a Sino-U.S. trade war.
(Reporting By Yimou Lee; additional reporting by Jeanny Kao; Editing by Simon Cameron-Moore)
Oil slips after U.S. crude stocks rise amid deep freeze hit to refiners
By Sonali Paul
MELBOURNE (Reuters) – Oil prices fell in early trade on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.
Crude stockpiles rose by 1 million barrels in the week to Feb. 19, the American Petroleum Institute (API) reported on Tuesday, against estimates for a draw of 5.2 million barrels in a Reuters poll.
API data showed refinery crude runs fell by 2.2 million bpd.
U.S. West Texas Intermediate (WTI) crude futures were down 55 cents or 0.9% at $61.12 a barrel at 0136 GMT, after slipping 3 cents on Tuesday.
Brent crude futures fell 38 cents, or 0.6%, to $64.99 a barrel, erasing Tuesday’s 13 cents gain.
Investors will be awaiting confirmation from the U.S. Energy Information Administration later on Wednesday that crude inventories rose last week, despite the hit to shale oil production amid the unprecedented icy spell in the U.S. south.
“The key question is how quickly does U.S. oil supply recover. It looks like supply will recover faster than refineries, and supply is going to outpace demand in the next few weeks. That will give negative weight to the market,” Commonwealth Bank analyst Vivek Dhar said.
The price retreat is being seen as a pause following a rally of more than 26% to 13-month highs in both Brent and WTI since the start of the year.
Prices have jumped due to the U.S. supply disruption and supply discipline by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, led by an extra 1 million bpd cut by Saudi Arabia.
At the same time stimulus spending to boost growth, investors rotating into commodities, and hopes that the rollout of vaccinations could lead to an easing of pandemic restrictions are all buoying oil prices.
(Reporting by Sonali Paul; Editing by Edwina Gibbs)
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