Saemaeul Geumgo, Grace Period for Payment of Mutual Aid Fees for Heavy Rain Victims

[Asia Economy Reporter Kim Min-young] The National Credit Union Federation of Korea announced on the 11th that it will implement a grace period for premium payments for policyholders affected by the heavy rain.

The grace period for premium payments applies to policyholders who have suffered damage from the heavy rain and have submitted the application documents. They can apply by visiting the nearest Saemaeul Geumgo with their ID card by the 31st of this month.

The grace period will be applied for six months from the 1st of this month until January 31st of next year. Applicants for the grace period will continue to receive coverage normally regardless of premium payment, and the policy can be maintained by paying the unpaid premiums before the end of the grace period.

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