* Definition of Insurance Salary
The monthly insurance salary of Labor Insurance should be filed based on the total amount of the insured person's monthly salary according to the "Table of Grades of Insurance Salary".
* Timing for Insurance Salary adjustment
- If there is a change to the insured person’s average total monthly salary, the insured unit should file the Insurance Salary Adjustment Table to inform the Bureau of Labor Insurance.
- According to Paragraph 2 of Article 14 of the Labor Insurance Act, in case the reassessment of an insured person’s monthly insurance salary was made between February to July of the current year, the insured unit shall notify the insurer before the end of August of the current year, in case the reassessment was made between August of the current year to January of the following year, notification shall be made by the insured unit to the insurer before the end of February of the following year. The reassessed monthly insurance salary shall be effective on the first day of the month following the notification. Hence, the insured unit could see the actual needs of its business and the changes in employees’ monthly total salary to report the adjustment of the insured persons’ average monthly salary once at least every six month (February and August of each year). However, if there is a change to the insured person’s salary, the adjustment application could be reported at any time. It is not that the reassessment of insurance salary could only be done in February and August of every year.
||Table of Grades of Insurance Salary