Carrot Sonbo Launches Driver Insurance with Core Coverage Only for '990 KRW per Month'
[Asia Economy Reporter Oh Hyung-gil] Carrot General Insurance announced on the 20th that it has launched the 'Carrot 990 Driver Insurance,' which can be subscribed to with a monthly premium of 990 won.
Instead of covering the usual essential driver insurance guarantees such as traffic accident settlement support fund (30 million won), fines (20 million won), and attorney fees (5 million won), the product features a reduced premium.
Traffic injuries can be covered by actual medical expense insurance, so this insurance only covers traffic injury death and disability insurance benefits (30 million won).
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A Carrot General Insurance official said, "Due to the heavy premium burden, the subscription rate for driver insurance is lower compared to automobile insurance," adding, "With just the 990 won monthly driver insurance, anyone can easily prepare for sudden accident risks without financial strain."
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