In Taiwan, the age of majority was lowered from 20 to 18 according to the Civil Code amendments. For students in grade 12, they can now apply for financial services without legal guardian’s consent. However, have the freshman adults really prepared themselves well for the adulthood? According to a survey of the Financial Literacy and Education Association (FINLEA), the financial literacy score of the youth across Taiwan is 56.3, however in the category of senior high school students, the score is down to 49.3. It shows that high school students are more vulnerable to financial risks, and more in need of finance and insurance knowledge education.
In response to FSC’s policy of financial inclusion, KGI Life continues to fulfill its corporate social responsibility by organizing financial education forums for teens. In the second semester of school year 2023, the Company has organized 14 financial education forums that attracted over 1,100 students, and were well received. Usually, finance and insurance knowledge is hard to digest, so it is easy to make participants feel sleepy at seminars. Therefore, KGI Life designs exercises in its teaching proposals, including “Financial Career Exploration”, “Life Simulation Game”, “Relationship and Money Management”, etc. to energize the events and trigger students’ motivation.
In the future, KGI Life will continue to implement the TCF principles by promoting finance and insurance knowledge education, and speaking to Taiwanese teens about financial matters, so as to push forward the vision of financial inclusion in Taiwanese society.
