Chungnam, Residents' Safety Insurance Benefits Up to 30 Million Won

[Asia Economy (Naepo) Reporter Jeong Il-woong] Chungnam Province announced on the 22nd that the benefits of the ‘Provincial Residents Safety Insurance’ will be increased to a maximum of 30 million KRW this year.

The Provincial Residents Safety Insurance is a system that allows any Chungnam resident to receive compensation in case of death or permanent disability caused by natural disasters such as floods, typhoons, and earthquakes, as well as social disaster accidents such as explosions, fires, and collapses.

The province has increased the coverage and compensation amount of the residents safety insurance by additionally supporting 50% of the cost with provincial funds, which were previously supported by city and county budgets.

Through this, the compensation amount will increase from the previous 10 million to 20 million KRW to 20 million to 30 million KRW. In addition, coverage for agricultural machinery accidents, hit-and-run/uninsured vehicle accidents, silver zone accidents, drowning accidents, and missing child search support funds will be added to the existing benefits.

The province plans to strengthen education for resident registration and family register officers, paramedics, and others to increase insurance benefit rates, and promote publicity tailored to regional characteristics by utilizing local safety-related organizations such as neighborhood leaders and autonomous crime prevention squads, as well as city and county websites.

Previously, in 2018, the province established the ‘Ordinance on Supporting the Subscription to Chungnam Provincial Residents Safety Insurance’ to lay the institutional foundation for introducing the residents safety insurance.

Through this, last year, 24 insurance claims were received, and a total of 253 million KRW was paid, contributing to the stabilization of residents’ lives. Considering that a significant number of unclaimed insurance cases (within 3 years from the date of damage occurrence) remain, the benefits are expected to increase further.

Jeong Seok-wan, Director of the Disaster Safety Office of the province, said, “We will alleviate residents’ anxiety about disaster accident damage and further strengthen the social safety net for vulnerable groups,” adding, “In addition to the residents safety insurance, we will actively discover and promote various safety policies.”

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