Hanwha Life Expands Special Support for Customers Affected by COVID-19... "Including Small Business Owners"

Insurance Policy Loan Interest Also Deferred for 6 Months
Applications Accepted at Hanwha Life Regional Offices and Customer Centers Until April 29

[Asia Economy Reporter Ki Ha-young] Hanwha Life Insurance is expanding the scope of special support for COVID-19 to include small business owners.

Hanwha Life announced on the 27th that it will expand special support for customers affected by COVID-19. The main point is that support has been extended not only to confirmed cases and quarantined individuals but also to small business owners (individual entrepreneurs and small and medium-sized enterprises) who have suffered direct or indirect damage from COVID-19. Hanwha Life customers who are eligible small business owners for special support can apply by submitting a support application form along with one of the damage verification documents.

The damage verification documents include one of the following three: ▲a certificate confirming receipt of policy funds from other financial institutions ▲a certificate confirming deferment of principal and interest payments on loans from other financial institutions ▲a certificate issued by the Small Enterprise and Market Service confirming eligibility for policy fund support.

The scope of support has also been expanded. Since the 27th of last month, Hanwha Life has been deferring insurance premium payments and loan principal and interest repayments for six months for policyholders and loan customers. Starting from this day, interest payments on insurance policy loans (contract loans) will also be deferred for six months.

In particular, due to social distancing measures caused by COVID-19, customers eligible for special support can apply remotely. Without visiting Hanwha Life regional offices or customer centers, applicants can submit the required documents via fax or by sending photos taken with a mobile phone.

Meanwhile, Hanwha Life is fulfilling its corporate social responsibility by carrying out company-wide activities to overcome the crisis caused by COVID-19. Hanwha Life signed an agreement with Gyeonggi Province and Bundang Seoul National University Hospital and has been providing the Yongin Life Park Training Center as a residential treatment center for mild COVID-19 patients since the 19th. So far, a total of 26 people have been admitted to the Hanwha Life Yongin Training Center residential treatment center, of whom 15 have already been declared fully recovered and discharged.

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