Gwangjin District Residents Enroll in Bicycle Insurance... 10 to 30 Million KRW Support for Bicycle Accidents

From February, Automatic Enrollment for Gwangjin-gu Residents, Overlapping Payments with Other Insurances Allowed... Accidents Occurring During Insurance Period Can Be Claimed Within 3 Years

[Asia Economy Reporter Park Jong-il] Gwangjin-gu (District Mayor Kim Seon-gap) has enrolled in a group bicycle insurance policy so that any resident can receive insurance benefits in case of a bicycle accident.

Since 2019, the district has revised the ordinance on promoting bicycle use in Gwangjin-gu, established the necessary legal framework for implementing group bicycle insurance, and reviewed whether to implement it.

With the recent increase in bicycle users and growing resident demand for a safe cycling environment, the district decided to implement group bicycle insurance for residents in 2021.

Anyone residing in the district is automatically enrolled in the Gwangjin-gu group bicycle insurance and can receive benefits starting from February.

It is also possible to receive overlapping payments with other individually purchased insurance policies, and claims can be made within three years from the date of the accident if the accident occurred during the insurance period (while residing in Gwangjin-gu).

The coverage includes ▲ 200,000 to 600,000 KRW for diagnoses requiring 4 to 8 weeks of treatment ▲ 200,000 KRW consolation money for hospitalization of 6 days or more ▲ up to 10 million KRW for disabilities resulting from bicycle accidents ▲ and 10 million KRW for death (excluding those under 15 years old).

In addition, in case of criminal issues related to bicycle accidents, coverage includes ▲ fines up to 20 million KRW ▲ attorney fees up to 2 million KRW ▲ and traffic accident handling support funds up to 30 million KRW. However, coverage for criminal issues excludes those under 14 years old.

Kim Seon-gap, Mayor of Gwangjin-gu, said, “Bicycles are an eco-friendly mode of transportation that can reduce carbon emissions, but as bicycle use steadily increases, the risk of accidents is also rising. We hope that this bicycle insurance will allow residents to use bicycles with peace of mind.”

The district plans to systematically promote bicycle use by managing bicycle facilities in the mid to long term through the issuance of a ‘Five-Year Comprehensive Plan for Promoting Bicycle Use’ project in February, and by professionally and comprehensively analyzing the safety of personal mobility devices (PM) using bicycle lanes.

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