Kakao Pay Insurance has revamped insurance for elementary and middle school students and will cover up to 20 million won in civil lawsuit legal expenses related to school violence. It also strengthened benefits by moving treatment costs for victims of school violence, previously covered as a rider, into the basic items.
Kakao Pay Insurance said on the 22nd that it reorganized its non-participating insurance product for elementary and middle school students—previously divided into seven basic coverages and five packages (riders)—into six coverages and two packages. The core is that it integrated subdivided coverages to reduce the burden of choice and moved some coverages into packages to create a structure that is easier for users to understand.
In particular, it expanded the scope of coverage by adding school violence and legal dispute response arising in school life as key coverages. Accordingly, it can prepare not only for treatment costs but also for legal expenses in the event of a dispute. For school violence victims, treatment costs are covered up to 1 million won, and civil lawsuit legal expenses are supported up to 20 million won.
The main coverages consist of six items, including coverage for school violence victims, ▲ emergency room visit treatment fee (emergency) ▲ civil lawsuit legal expenses ▲ fracture diagnosis benefit ▲ automobile accident injury treatment costs (for non-drivers) ▲ transportation accident hospitalization benefit (1–180 days, for non-drivers).
Beyond the main coverages, the revised product consists of a total of 23 coverages, including seven types of disease care and 10 types of injury care. Disease care covers illnesses prone to occur in group settings, such as influenza, pneumonia, asthma, and food poisoning, while injury care covers accidents that can occur in daily life, such as fractures, burns, and scar restoration.
Kakao Pay Insurance said, "The elementary and middle school years are a period when the times and spaces beyond parents' protection increase rapidly," adding, "We focused on providing a safety net that offers practical help by reflecting risks that actually occur in school life and parents' concerns."