Prudential Life, 1 Trillion Won Paid in Death Benefits Over 30 Years

8,197 Customers Received Death Insurance Benefits
Average Payment of 125.36 Million KRW Per Person

[Asia Economy Reporter Ki Ha-young] Prudential Life Insurance announced on the 20th that the cumulative amount of death benefits paid over 30 years since introducing the first whole life insurance product in Korea has exceeded 1 trillion won.

Prudential Life Insurance contributed to the activation of the domestic protection-type insurance market by launching the first whole life insurance in Korea in 1991. Based on the philosophy of prioritizing the payment of insurance benefits to protect customers' happiness, Prudential Life Insurance focuses on managing soundness indicators such as the industry's highest solvency margin ratio (RBC) and liquidity ratio.

Based on this trust, Prudential Life Insurance has paid a total of 1.0276 trillion won to 8,197 people since paying the first death benefit in 1996. The average payment per person is 125.36 million won, and the highest payment per death benefit case is 1.19687 billion won.

Min Ki-sik, CEO of Prudential Life Insurance, said, "Based on the philosophy of prioritizing insurance benefit payments, we consider securing living expenses for bereaved families as the company's top priority," adding, "We will continue to do our best to realize the true value of life insurance."

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