The financial authorities have decided to introduce a buyback system to stimulate the new health insurance (5th generation) that will be launched by the end of this year. Those who voluntarily terminate their contracts and join the 5th generation from the first and second generation, who joined befo...
A new real insurance policy (5th generation) that excludes musculoskeletal treatments such as physical therapy, out-of-body treatment, and proliferation, as well as non-reimbursable injections, will be launched at the end of this year. The maximum copayment rate for non-severe non-reimbursable treat...
The balance of insurance policy loans (policy loans) has increased from 68.1 trillion won at the end of 2022 to 71.6 trillion won at the end of last year, while the number of subscribers who are disadvantaged due to a lack of understanding of important policy provisions is rising. A policy loan refe...
The performance polarization between large insurance companies and small to medium-sized insurance companies is intensifying. While large companies have achieved record-high results, small and medium-sized companies are seeing their profits decline each year. The introduction of the new accounting s...
Insurance products that guarantee pregnancy, childbirth, and infertility are gaining popularity. Until now, pregnancy and childbirth had not received insurance benefits because they were not considered 'accidental incidents.' However, as financial authorities have included pregnancy and childbirth a...
The net income of 22 life insurance companies and 32 non-life insurance companies last year was 14.144 trillion won, an increase of 628.2 billion won (4.6%) from the previous year. The life insurance companies recorded 5.6374 trillion won, an increase of 7.1% (373.6 billion won), while the non-life ...
The financial authorities decided to relax the acquisition and merger (M&A) criteria for the restructuring of savings banks, and it has been found that 9 savings banks meet the relaxed M&A criteria. Another 10 savings banks are close to the criteria. On the 20th, the Financial Services Commission an...
Carrot General Insurance announced on the 24th that it has established the "Carrot Electric Vehicle Emergency Service Special Clause" to enhance emergency services for Hyundai Motor electric vehicles. This special clause applies to contracts that become effective starting April 1 of this year. Elect...
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...
Mirae Asset Life Insurance's subsidiary, Mirae Asset Financial Services and PS Pine Service, is reported to have engaged 97 insurance planners in the 'PS Financial Ponzi scheme,' raising 140.6 billion won from 756 investors by means of illegal fundraising. Of this amount, 34.2 billion won remains un...
