Hana Life Launches Variable Insurance Guaranteeing Premium Payments Based on Investment Period

Hana Life launched the 'Classic ELS Variable Insurance' on the 7th, which guarantees the paid insurance premiums under certain conditions depending on the investment period, reducing the risk of principal loss.

[Asia Economy Reporter Oh Hyung-gil] Hana Life Insurance launched the 'Classic ELS Variable Insurance' on the 7th, which guarantees the paid insurance premium under certain conditions depending on the investment period, reducing the risk of principal loss.

The product features a guarantee of 100% of the paid insurance premium if the policyholder's accumulated funds exceed 10 years from the initial ELS investment date upon ELS redemption, and 80% if within 10 years.

If, on the first ELS redemption date (redemption evaluation date + 2 business days) after 10 years from the initial ELS investment date, the policyholder's accumulated funds are less than 100% of the paid insurance premium, the insurer will cover the principal, and the ELS investment will end. The product invests in monthly income-fixed ELS based on global stock indices, securing early income confirmation as a strategy to prevent asset value decline.

The monthly income is invested in bonds and bond-type funds, while only the principal is reinvested in ELS. This strategy of confirming monthly income reduces the possibility of principal loss due to investment losses from ELS. It is managed through various funds such as stock index ELS guaranteed type, domestic stock type, global bond type, and AI global type. Funds invested in ELS are automatically reinvested upon early or maturity redemption.

Subscription is available for ages 15 to 64, and fund changes are allowed up to 12 times annually without fees. There are no separate fees for reinvestment upon early or maturity redemption of ELS.

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