Gangdong-gu Pays 10 Million Won Insurance to Resident Involved in Accident

If You Are a Resident of Gangdong-gu, You Can Receive Up to 10 Million KRW Compensation for Accidents Anywhere Nationwide...Support for 15 Items Including Water Play Accidents, Overlapping Compensation Possible with Personal Insurance

[Asia Economy Reporter Jongil Park] Gangdong-gu (District Mayor Lee Jeong-hoon) will expand the coverage of the resident safety insurance, the first of its kind introduced in Seoul, starting this year to ensure its sustainability and stable operation.

The district implemented the resident safety insurance for the first time in Seoul last January, reflecting its commitment to creating a safe city where no resident is left behind. In October, for the first time since the system's implementation, it paid 10 million KRW in insurance benefits to a resident who suffered an unexpected accident, proving its practical effectiveness.

As the contract period of the insurance signed last year expired, the district expanded the coverage and newly signed the insurance on January 25 this year. The coverage period is until January 24 next year.

The insured are residents registered in Gangdong-gu. The process is automatic without any separate subscription or withdrawal procedures, and overlapping compensation is possible even if individuals have other insurance policies.

The insured amount can be paid up to a maximum of 10 million KRW per person only in cases of death or diagnosis of sequelae after injury.

The coverage items newly established this year include ▲water play accidents (including death) ▲gas accident death ▲gas accident sequelae ▲support for burn surgery expenses, along with natural disaster deaths (including heatstroke and sunstroke), death and sequelae caused by explosion, fire, or collapse, accidents and deaths or sequelae caused by robbery or accidents while using public transportation, injury compensation for persons of merit, legal cost support for medical accidents, totaling 15 items.

Lee Jeong-hoon, Mayor of Gangdong-gu, said, “Resident safety insurance is an institutional safety net that will provide strong support to residents when they face unexpected accidents and feel helpless. We will continue to listen more closely to residents’ opinions and improve the system institutionally to eliminate safety blind spots and develop it into a representative policy of Gangdong-gu.”

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