Jongno District Residents Can Receive Up to 10 Million KRW Compensation for Injury Accidents
Jongno-gu Implements 'Life Safety Insurance' from January 1 This Year... Coverage Includes 'Drowning Death', 'Gas Injury Death', and 'Gas Injury Disability' Not Covered by Seoul Citizen Safety Insurance
[Asia Economy Reporter Jongil Park] Jongno-gu (District Mayor Kim Young-jong) is implementing the 'Jongno-gu Life Safety Insurance' starting this year to protect residents from disasters and various accidents that may occur in daily life.
The eligible participants include all residents registered in Jongno-gu, including registered foreigners. Enrollment is automatic without any separate procedures and is automatically canceled upon moving out.
The coverage items include three categories not covered by the Seoul City Citizen Safety Insurance: ▲death by drowning ▲death by gas injury accident ▲sequelae after gas injury accident.
Coverage can be duplicated regardless of compensation from other personal insurance policies, and the scope of disasters or safety accidents applies nationwide. However, death of persons under 15 years old is excluded from coverage.
The maximum coverage amount is up to 10 million KRW per item. Insurance claims must be submitted to the Korea Local Finance Association within three years from the date of the accident corresponding to the coverage item, along with supporting documents.
For more detailed information regarding the Life Safety Insurance, guidance is available at the Korea Local Finance Association Citizen Safety Mutual Aid Consultation Desk.
For further inquiries, contact the District Office Disaster Safety Division.
District Mayor Kim Young-jong stated, “We aim to establish a small but effective institutional safety net for residents struggling due to COVID-19,” and added, “We hope that the implementation of Life Safety Insurance will make Jongno-gu a safer and more livable premium city.”
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, Jongno-gu established the Disaster Safety Division, the general department for safety affairs, in 2019 to create a safe community where residents can live with peace of mind. The district also enacted the ‘Seoul Special City Jongno-gu Life Safety Insurance Operation Ordinance’ and operates systems such as the ‘Safety Advisory Officer System’ to efficiently prepare for various incidents and accidents with expert advice.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.