Adding Peace of Mind to Welfare... Jongno-gu Supports Insurance Premiums for Low-Income Residents

Sponsorship Agreement Ceremony of Jongno-gu and the Korea Medical Research Institute Foundation, "Let's Create Tomorrow Together!" held on November 25 last year

[Asia Economy Reporter Jongil Park] Jongno-gu (Mayor Kim Young-jong) is accelerating welfare projects for low-income residents based on public-private cooperation.

To support low-income residents who find it burdensome to subscribe to insurance due to economic poverty and vulnerable housing conditions, the "Jongno, Adding Peace of Mind to Welfare+" project is underway to help cope with unforeseen crisis situations and maintain stable living conditions.

This project is conducted in connection with the post office's "10,000 Won Happiness Insurance" for basic livelihood security recipients and the lower-income class. The 10,000 Won Happiness Insurance is a public interest accident insurance where, upon paying 10,000 won at subscription, the post office supports the remaining premium of 31,900 won for men and 21,100 won for women.

Hospitalization and surgery costs due to accidents are covered with a fixed amount, and in case the insured person dies due to an accident, a condolence payment of 20 million won is provided to the bereaved family.

Also, after one year of maturity, the contract holder is refunded 10,000 won, allowing annual renewal.

Jongno-gu launched the "Jongno, Adding Peace of Mind to Welfare" project to assist low-income residents who hesitate to subscribe due to the 10,000 won subscription fee, despite the existence of insurance products for vulnerable groups.

The subscription period is one year from March 2020 to February 2021, and the eligibility criteria are low-income residents aged 15 to 65, including basic livelihood security recipients.

Applications can be made by inquiring with the visiting welfare planner at the local community service center or by consulting and registering with the Social Welfare Division's Life Security Team at the district office. Jongno-gu plans to prioritize support for 1,000 low-income residents.

To secure funding, on November 25 last year, Jongno-gu signed a sponsorship agreement titled "Let's Create Tomorrow Together!" with KMI Korea Medical Institute (Chairman Kim Soon-yi) at the district office's planning situation room and received 10 million won in support. Established in 1985 with the goal of "Lifelong Health," the Korea Medical Institute Foundation conducts health checkup projects, medical research, medical information collection, and disease prevention enlightenment activities.

Mayor Kim Young-jong stated, "I hope Jongno-gu's public interest welfare project, which adds peace of mind to welfare, can provide psychological stability to residents anxious about sudden accidents," and added, "We will strive to foster a donation culture within the local community through cooperation with private companies and realize a warm welfare city, Jongno."

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