SK Networks 'Mintit ATM' Equipped with Mobile Phone Screen Insurance Service

Carrot Insurance Launches 'Mintit×Carrot Phone Care Screen Protection Insurance'

[Asia Economy Reporter Kim Ji-hee] A product that allows customers to subscribe to screen damage insurance using the phone function inspection technology embedded in the AI-based unmanned used phone purchase machine ‘Mintit ATM’ has been launched.

Mintit, SK Networks’ ICT recycle business brand, announced on the 7th that it has launched the ‘Mintit×Carrot Phone Care Screen Safety Insurance’ in collaboration with Carrot Insurance and will provide on-site subscription services through Mintit ATMs located in over 400 large marts nationwide.

This service, introduced by Mintit to enhance the value for mobile phone users while promoting a new used phone distribution culture based on AI and digital technology, differs from the existing screen damage insurance which was only available for new phones within one month of activation. It allows subscription for both used phones and new phones released since 2017. Immediate subscription is possible at Mintit ATMs in the three major marts nationwide.

The Mintit ATM appraisal automatically matches the subscription product, and customers can receive repair cost coverage for screen damage with an insurance premium ranging from 19,000 KRW to a maximum of 45,000 KRW per year.

SK Networks and Carrot General Insurance held a memorandum of understanding ceremony on the 24th of last month ahead of the launch of the 'Mintit×Carrot Phone Care Screen Protection Insurance' to enhance the value for smartphone users. After the ceremony, Ha Sung-moon, Head of ICT Business at SK Networks, and Park Yong-jun, Head of Marketing at Carrot General Insurance (on the monitor), took a commemorative photo. (Photo by SK Networks)

Following the establishment of a resource recycling base for phones collected through Mintit ATM in cooperation with Sungil Hightech at the end of last year, Mintit expects that the partnership with Carrot Insurance will further enhance the completeness of the 3R-related value chain it ultimately pursues.

A Mintit official said, “The partnership product with Carrot Insurance is significant as a digital insurance product dedicated to mobile phones incorporating AI technology, while also satisfying customers who regretted missing the timing to subscribe to screen damage insurance. We will continue efforts to foster a used phone trading culture that meets the demands of customers and society by leveraging the Mintit brand characteristics.”

Meanwhile, the two companies held a ‘Business Agreement Ceremony for Enhancing the Value of Smartphone Users’ on the 24th of last month and agreed to continue research and marketing cooperation activities to support the convenience of mobile phone users following the launch of the screen safety insurance.

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