Shinhyup, Eobuba Hyo Deposit Popular... "Healthcare Service Just by Joining"

[Asia Economy Reporter Kim Min-young] The social contribution-type "Eobuba Hyo (孝) Deposit" product by the National Credit Union Federation of Korea (NACUFOK) is gaining popularity.

According to the credit union on the 22nd, the NACUFOK Eobuba Hyo Deposit, which can be easily subscribed to through the mobile application (app) "OnBank," is a social contribution-specialized product unique to NACUFOK, launched for senior members with the heartfelt care of their children. Upon subscription, the credit union provides a phone and text check-in service twice a month to confirm the well-being of the parents and notifies the children of the results via text message.

Additionally, it supports healthcare services such as guidance by medical specialty, appointment booking assistance at large hospitals, dementia testing, nurse accompaniment to hospitals, and caregiving service partnerships. Furthermore, it offers accident death insurance benefits for the subscriber's parents (or the subscriber).

The eligibility for this product is either "basic pension recipients" or their children. If the child of a recipient subscribes, the child’s annual income must be 50 million KRW or less to be eligible.

A NACUFOK official stated, “Because this deposit product provides various services for the elderly, such as phone or text check-ins and healthcare services, it is attracting significant interest from members,” adding, “We hope that more members can enjoy NACUFOK’s differentiated benefits every year in practice of inclusive finance.”

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