Dongdaemun-gu, Renewal of Life Safety Insurance for All Residents

Economic Support for Accident Victims and Families Continues in Third Year of Life Safety Insurance Enrollment... Enrolled Since 2019 Following 2018 Ordinance, Insurance Paid to 7 People from 2019 to 2020

[Asia Economy Reporter Jongil Park] Dongdaemun-gu (Mayor You Deok-yeol) has renewed the ‘Life Safety Insurance’ for all residents as the first step in the new year to create a safe city where residents are happy.

Life Safety Insurance is a system in which the district covers the insurance premiums so that Dongdaemun-gu residents can receive financial support when they suffer damage from disasters or accidents.

The target includes all approximately 360,000 Dongdaemun-gu residents, including registered and non-registered foreigners, and enrollment is automatic without any separate procedures.

The renewed coverage period for this Life Safety Insurance is from January 17 to January 16 of the following year.

The coverage includes ▲death from natural disasters ▲death and aftereffects caused by explosion, fire, collapse, or landslide ▲death and aftereffects while using public transportation ▲school zone traffic injury treatment expenses (grades 1 to 5) ▲compensation for injury to persons of merit, among 7 items in total.

The coverage amount is capped at 10 million KRW each for death and aftereffects, and overlapping compensation with other systems is possible. However, according to Article 732 of the Commercial Act, death of persons under 15 years old is excluded from Life Safety Insurance.

Residents who suffer damage corresponding to any of the 7 items covered by Life Safety Insurance can claim by submitting supporting documents to the Korea Local Finance Association within 3 years from the date of the accident.

Since the ‘Ordinance on the Operation of Life Safety Insurance in Dongdaemun-gu, Seoul’ was promulgated in December 2018, the district enrolled all residents in Life Safety Insurance in January 2019.

Through Life Safety Insurance, a total of 3 people (all fire-related deaths) were covered in 2019, and a total of 4 people (2 fire-related deaths, 1 school zone traffic injury treatment, 1 aftereffects from injury while using public transportation) were covered in 2020.

You Deok-yeol, Mayor of Dongdaemun-gu, stated, “Life Safety Insurance is implemented to support residents and their families who suffer unexpected damage and to help them quickly return to daily life,” and added, “We will continue to carry out proactive administration to create a safe and happy city.”

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