Carrot Sonbo launches insurance premium discount card with Hyundai Card

Carrot General Insurance announced on the 18th that it has launched the 'Carrot General Insurance-Hyundai Card M Edition3' in collaboration with Hyundai Card.

[Asia Economy Reporter Oh Hyung-gil] Carrot General Insurance announced on the 18th that it has launched the 'Carrot General Insurance-Hyundai Card M Edition 3' in collaboration with Hyundai Card.

The card offers monthly billing amount discounts based on card usage performance when paying insurance premiums for Carrot General Insurance products such as Pay-Per-Mile auto insurance.

For example, if the previous month's usage amount is between 500,000 KRW and less than 1,000,000 KRW for 24 months after issuance, a discount of 12,000 KRW per month is applied, and if the usage exceeds 1,000,000 KRW, a discount of 24,000 KRW per month is given.

However, for new card issuance, a billing discount of 12,000 KRW is applied for two months including the issuance month even if the previous month's usage is less than 500,000 KRW.

In cases where the Pay-Per-Mile auto insurance premium is set at around 24,000 KRW per month (male, 35 years old, 2020 Avante new model, annual mileage 6,000 km, 3 years no accident), using this partnership card can reduce the monthly auto insurance premium to 0 KRW.

Park Yong-jun, Head of Marketing at Carrot General Insurance, said, "A new credit card has been launched that allows customers to experience Pay-Per-Mile auto insurance, paying only for the miles driven each month, along with discount and point benefits." He added, "We will strive to ensure Carrot customers continuously enjoy differentiated benefits through service linkage with various partners."

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