KDB Life Launches 3-Year Maturity 3.1% Dollar Savings Insurance

[Asia Economy Reporter Oh Hyung-gil] KDB Life Insurance launched the 'KDB Dollar Savings Insurance,' which allows premiums to be paid and insurance benefits to be received in dollars, on the 14th.

The subscription amount ranges from a minimum of 10,000 dollars to a maximum of 5 million dollars, and it is a single premium payment product. It offers fixed interest rates of 3.1% for a 3-year term, 3.0% for a 5-year term, and 2.9% for a 10-year term, with tax exemption benefits if maintained for 10 years.

If the insured (policyholder) survives until maturity, the accumulated amount is paid, and in case of death during the insurance period, 10% of the single premium plus the accumulated amount at the time of death is paid. The eligible age for subscription is from 15 to 70 years old.

A KDB Life Insurance official said, "Interest in the safe asset, the dollar, is increasing, but this product is for customers who felt burdened by dollar investments," adding, "We will diversify our product portfolio by adding dollar insurance."

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