"Voice Phishing Also Covered" Carrot Insurance Launches Parent Safety Gift Insurance

With 10,000 KRW per parent,安心保障 against injury, phishing damage, and more is possible

[Asia Economy Reporter Oh Hyung-gil] Carrot General Insurance announced on the 17th that it has launched the ‘Parents Peace of Mind Gift Insurance’.

This product allows the policyholder, who is the child, to easily subscribe and pay premiums using digital convenience, and then gift it to their parents. Notably, during the subscription process, it is not necessary to enter the insured’s information such as the parents’ resident registration numbers. By selecting one of three options?‘Bu’ (father), ‘Mo’ (mother), or ‘Bumo’ (parents)?the insurance payment recipient is automatically set to the parents. At the time of an actual claim, the child receives a link to input payment details such as the recipient and account number, and after verifying the relationship with documents like a family relation certificate, the insurance payment can be made immediately.

The coverage consists of basic coverage for fracture and burn diagnosis fees (200,000 KRW), and special coverage for fracture and burn surgery fees (200,000 KRW) and phishing hacking (1,000,000 KRW). The premium is 10,000 KRW per parent (single payment) and provides coverage for one year. In the case of injury coverage, it can overlap with existing indemnity insurance, allowing immediate payment of insurance money depending on the amount incurred, and phishing hacking coverage compensates for all amounts except those reimbursed by financial institutions.

A Carrot General Insurance official stated, “This product is designed to consider the older generation who are not familiar with digital insurance subscriptions and provides protection and preventive effects against various injuries and phishing damages that seniors may suffer.” They added, “It is the industry’s first injury insurance product that allows subscription without collecting the insured’s (parents’) personal information, so it is expected that children in their 30s and 40s will use it frequently as a gift for their parents.”

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