Carrot Launches 'Upgrade Plan' for 990 Driver Insurance... Strengthening School Zone Coverage

Expanding Coverage for School Zone Fines, Aftereffects, and More at 4,870 KRW per Month

[Asia Economy Reporter Oh Hyung-gil] Digital non-life insurance company Carrot General Insurance announced on the 5th that it has launched the ‘Carrot 990 Driver Insurance Upgrade Plan’.

The Upgrade Plan (4,870 KRW) supplements the coverage by adding an additional amount to the existing Basic Plan (990 KRW), and is characterized by strengthened coverage for various items such as school zone fines compared to the existing driver insurance.

In particular, the coverage amount for traffic accident death and disability increased from 30 million KRW to 100 million KRW, and the cost for hiring a lawyer for car accidents increased from 5 million KRW to 20 million KRW. Considering the strengthened penalties for traffic accidents in children protection zones (school zones), the coverage for car accident personal fines was expanded from 20 million KRW to 30 million KRW.

Especially, to prepare for unexpected traffic accidents causing disabilities, the basic coverage (traffic accident death and disability), new weekend accident death and disability, and traffic accident income compensation guarantees provide coverage up to 210 million KRW depending on the disability payment rate. To strengthen the coverage for drivers who drive frequently on weekends, this also includes an item that covers death insurance money and disability insurance money up to 70 million KRW in case of traffic accidents occurring from 12 PM Friday afternoon to Saturday, legal holidays, or Labor Day.

In addition, 1 million KRW is covered for car accident plastic surgery treatment costs, and 200,000 KRW each for fracture diagnosis fees, cast treatment fees, and surgery fees, providing practical benefits to customers who want more diverse coverage.

A Carrot official said, “All plans of Carrot 990 Driver Insurance, including basic and upgrade, are characterized by selecting only the essential major coverage for drivers so that they can enjoy stable benefits at affordable premiums,” adding, “This plan reflects additional customer needs and expands the range of customer choices, so we hope customers can enjoy enhanced coverage benefits as the most reasonable product from their perspective.”

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