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Starting from January 1, 2015, Labor Insurance Ordinary Accident Insurance Rates will increase by 0.5%. Insurance premiums will be calculated at 10% of the insured person's insurance salary, all insured units should calculate insurance premiums according to the new rates starting from this date.

The BLI explained that, in order to notify insured units of the correct rates for calculating insurance premiums for the upcoming year in a timely manner, notifications of rate adjustment have been sent to all labor insurance insured units along with the payment slip for October 2014 (dispatched by mail in late November). An insurance contribution scale applicable for 2015 has also been attached. The scale has also been uploaded to the BLI’s Website at http://www.bli.gov.tw/en/, and click the “Labor Insurance” in the homepage and take the following route: Labor Insurance/ Premium/Related Tables.

The BLI stated that current Labor Insurance Ordinary Accident Premium Rates are subject to the "Progressive Fine-tuning Rate Adjustment Mechanism," a set of coordinating measures that were stipulated when the Labor Insurance Annuity System was legislated in June 2008. In order to provide labors with better conditions of benefits, insurance premiums must be increased to ensure a sustainable labor insurance system and to provide better care and services to all labors. Even though the monthly premiums to be paid by both employees and employers will see a slight increase after the implementation of this policy, employees will receive more comprehensive insurance services that will provide them with more reassurance in the course of their work, creating mutual benefits between employees and employers.

 

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Last Update:2014-12-31
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