Bomep Launches Group Accident Insurance Specialized for Startups

Bomap announced on the 2nd that it has launched a group accident insurance exclusively for startups in partnership with Hyundai Marine & Fire Insurance.

[Asia Economy Reporter Oh Hyung-gil] Bomap announced on the 2nd that it has launched a group accident insurance exclusively for startups in partnership with Hyundai Marine & Fire Insurance.

Group accident insurance is a product that small businesses subscribe to for employee welfare purposes, providing insurance payouts in case of injury or illness to workers. It is available for companies with five or more employees and is designed with coverage and premiums tailored specifically for startups.

In particular, it excludes actual medical expense coverage typically subscribed to by younger age groups to eliminate overlapping costs. Instead, it adds coverage for hospitalization daily allowance, shingles, dental care, and other conditions with high incidence rates among the 20s to 40s age group. It also covers death and permanent disability, cancer, stroke, acute myocardial infarction, and fracture diagnosis fees. The annual premium is in the 80,000 KRW range for those in their 20s.

Insurance premiums can be checked by entering simple information on the Bomap Partner website, a subsidiary of Bomap, and subscription is easy by providing business registration details and subscription specifications.

Ryu Jun-woo, CEO of Bomap, said, "We have prepared a dedicated product for small and medium-sized enterprises that have been neglected in the corporate insurance market. Going forward, we plan to offer consumer-centered products focusing on risk coverage."

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