Gwangju Dong-gu Provides Free Public Injury Insurance for Vulnerable Groups
Agreement with Community Chest and Post Office... Targeting 1,000 Vulnerable People
[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Dong-gu, Gwangju Metropolitan City (Mayor Im Taek) announced on the 19th that it will provide the public interest-type accident insurance "Happiness Insurance for 10,000 Won" free of charge for vulnerable groups who have difficulty subscribing to insurance due to economic reasons, the first in the autonomous districts of Gwangju.
On the 18th, Dong-gu signed an agreement with the Gwangju Community Chest of Korea, Gwangju Post Office, and Dong-gu Community Security Council.
Through this agreement, Dong-gu and the Community Security Council will carry out the overall project, the Gwangju Community Chest of Korea will support the project expenses, and the Gwangju Post Office will assist with the insurance subscription process.
The support target is 1,000 basic livelihood security recipients and near-poverty class aged 15 to 65 within the district, prioritizing single-person households. The insurance period is a one-year maturity product.
The Happiness Insurance covers death survivor consolation money, accident hospitalization expenses, and accident surgery expenses.
The insurance premium's personal burden of 10,000 won is supported by the Community Chest, and the remaining premium is borne by the Post Office. Additionally, 10,000 won will be refunded to the subscriber upon maturity.
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Mayor Im Taek of Dong-gu said, "Through this public interest-type accident insurance subscription, the first to be implemented in Gwangju, we expect that vulnerable groups will be able to live with peace of mind from the risks of accidents and disasters," adding, "We will continue to discover various welfare services for residents and create a warm and happy Dong-gu."
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