Meritz Fire & Marine Insurance-Kakao Pay Launch Monthly 1,000 KRW Mobile Phone Insurance

[Asia Economy Reporter Oh Hyung-gil] Meritz Fire & Marine Insurance launched a mobile phone insurance that can be easily subscribed online with KakaoPay on the 12th.

Customers using any of the three major telecom companies and owning Samsung, LG, or Apple phones released since last year are eligible to subscribe. Without visiting a dealership, customers can access KakaoPay, upload their phone information and exterior photos, and subscribe.

In case of mobile phone theft or loss (total loss), a used phone with quality guaranteed for 6 months will be provided (once within the period), and in case of damage, repair costs up to 350,000 KRW (excluding deductible) will be covered (up to twice within the period).

The insurance premium for the 'Theft and Loss (Total Loss) Plan' is 1,000 KRW per month (payment period 2 years), and for the 'Damage Plan' is 3,800 KRW per month (payment period 2 years). The premium is the same for all phone models and coverage lasts for 2 years.

A Meritz Fire & Marine Insurance official explained, "We have launched reasonably priced mobile phone insurance that can be subscribed online anytime and anywhere, and even used phones can be insured without burden."

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