Taiwan: Take note when appointing a beneficiary as good intentions bring no benefit
Pension payout.
Depending on whether the insured is alive or deceased
- Alive: the insured is invariably the beneficiary, and no other can be appointed
- Deceased: the beneficiary of the deceased is assigned by the contract.
Full term payout (savings insurance, capital repayment insurance).
If none has been appointed, the applicant is the beneficiary; otherwise the beneficiary is assigned based on the contract.
Death with life insurance, cancer insurance and injury insurance cover.
The beneficiary is assigned according to the contract of the deceased.
Lu Hong-yi, First Aviva Telephone: (02) 8758-1169 E-mail:
Zhang Hui-fang, First Aviva Telephone: (02) 8758-1067 E-mail:
First Aviva is an insurance company jointly established by First Financial Holding Co, Ltd.