MG Sonbo, Launches Driver Accident Insurance Covering Domestic and International Accident Risks

MG Insurance launched the 'Hi-Pass Driver Injury Insurance' on the 17th, which covers not only traffic accidents but also accidents occurring in daily life and accidents abroad.

[Asia Economy Reporter Oh Hyung-gil] MG Insurance launched the 'Hi-Pass Driver Accident Insurance' on the 17th, which covers not only traffic accidents but also accidents occurring in daily life and accidents overseas.

It focuses on covering the driver's criminal and administrative liabilities that cannot be resolved by automobile insurance. It provides coverage for the driver's responsibilities and financial losses due to traffic accidents, including traffic accident support funds, fine costs, attorney fees for automobile accident cases, license cancellation, and license suspension.

Coverage for injury risks and daily life risks has also been strengthened. New coverages have been added for disfigurement, severe burns and corrosion diagnosis, and caregiver support funds. It also offers family passenger injury treatment expenses (grades 1 to 14) coverage, which protects injury risks for passengers riding in the vehicle. Additionally, special contracts for compensation against voice phishing, family internet direct transaction fraud, and family cyber defamation provide protection against cyber fraud and crime damages.

For accidents occurring overseas, it covers death, diagnosis, surgery, and hospitalization expenses. When subscribing to the 'Overseas Travel Coverage Package,' coverage for loss of personal belongings, passport reissuance fees, and major accident rescue and repatriation costs is also available.

The insurance can be subscribed for the necessary period among 3, 5, 10, 15, or 20 years, with options for annual automatic renewal, annual term, or three-year term. The subscription age ranges from 18 to a maximum of 80 years old.

An MG Insurance official explained, "This is the only driver accident insurance that covers not only the unique criminal and administrative liabilities of driver insurance but also domestic and international accident risks and various risks in daily life."

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