Hanwha Life, Donates Insurance to Youth Together with Customers

Hanwha Life announced on the 30th that it has provided donation insurance to young people leaving welfare facilities and entering society.

[Asia Economy Reporter Oh Hyung-gil] Hanwha Life announced on the 30th that it delivered donation insurance to young people leaving welfare facilities and entering society.

On the same day, Hanwha Life invited 27 young people who had left orphanages to the Gangnam branch for a donation insurance delivery ceremony.

Hanwha Life developed the 'Together Far Donation Insurance,' a medical expense coverage product, in collaboration with the Green Umbrella Foundation to support the independence of young people from orphanages. It provides coverage for hospitalization, surgery, and accidents for 10 years starting from age 18.

Hanwha Life offers a 1% discount to whole life insurance and CI (Critical Illness) insurance customers who pay premiums via automatic transfer. Customers who understand the purpose of the donation insurance can choose to receive the discount or allocate 1% of their premium to the donation insurance fund.

Hanwha Life additionally accumulates an amount equal to the customers' donations to create a total insurance premium fund of 10 million KRW for the donation insurance. Since 2017, Hanwha Life has gifted insurance to over 60 young people over three years, with nearly 900 customers choosing to donate.

A Hanwha Life official said, "This is a gift that best aligns with the fundamental spirit of insurance, which is sharing," adding, "We will enable customers to participate in social donations and expand company support to gift more young people an umbrella to prepare for their future."

This content was produced with the assistance of AI translation services.