After 1 year and 8 months since the launch of its overseas travel insurance, Kakao Pay Insurance has expanded into the domestic travel insurance market, securing 3 million subscribers.
Kakao Pay Insurance noted that it has launched the 'Domestic Travel Insurance Together' to cover various risks that may occur during domestic travel on the 24th.
The product consists of three types: basic, safe, and reliable. Major coverage includes 100 million won for accidental death and permanent disability, 10 million won for death due to illness and severe permanent disability, and 30 million won for liability and non-coverage medical expenses due to injury, all provided in every plan.
The safe type includes additional accident-related benefits such as fracture surgery costs, fracture diagnosis costs, cast treatment costs, burn surgery, emergency room visit costs, and daily hospitalization benefits. The reliable type can include disease coverage benefits such as 10 million won for non-coverage medical expenses due to illness.
Unlike most domestic travel insurance that requires the last digits of the national identification number, this product does not require entering the national identification number. Even knowing the companion's name, gender, and date of birth is sufficient for enrollment. Travel companions can also directly input their information by sharing a link via KakaoTalk or text.
The premium can be paid once in a lump sum at the time of enrollment. For example, if 40 women in their 20s enroll for a two-day college membership training (MT), the premiums would be approximately 24,480 won for the basic type, 40,000 won for the safe type, and 99,920 won for the reliable type.
In particular, it provides a safer and more reliable safety net not only for personal, family, and friend trips but also for various situations such as school, academy, religious groups, retreats, experiential learning, and school trips. The coverage period ranges from 1 day to a maximum of 1 month, and enrollment is possible from 3 months before the domestic travel departure date until the day before departure.
All companions insured under the group insurance can view the enrollment details shared via KakaoTalk at a glance and can individually claim insurance benefits.