Gwangju Seo-gu Implements 'Gumin Safety Insurance'... Coverage Up to 15 Million KRW

Published 07 Jan.2022 16:43(KST)

[Asia Economy Honam Reporting Headquarters, Reporter Shin Dong-ho] Seo-gu, Gwangju Metropolitan City will operate the ‘Resident Safety Insurance’ from next month to enhance the safety of residents and enable prompt recovery from disaster damages.

According to Seo-gu on the 7th, ‘Resident Safety Insurance’ is a coverage system in which the local government subscribes to an insurance company to support the livelihood stability of Seo-gu residents who suffer damage from accidents or disasters that may occur in daily life.

The insurance subscription target includes all residents registered in Seo-gu (including registered foreigners and overseas Koreans with residence reports) and is automatically subscribed or canceled upon moving in or out without a separate application process.

The coverage includes a total of 10 items ranging from disaster accidents such as injury death while using public transportation (city buses, etc.), injury death caused by explosion, fire, collapse, landslide accidents, to daily life accidents such as drowning death and burn surgery expenses.

The insurance payment procedure requires the affected resident to directly claim to the insurance company (claims can be made within 3 years from the date of the accident), and the insurance company will investigate the accident and pay up to 15 million KRW depending on the type of accident.

Resident Safety Insurance can be paid in addition to personal accident insurance subscribed individually, allowing for overlapping insurance payments.

A Seo-gu official said, “Through Resident Safety Insurance, we will strive to provide effective economic and psychological support to residents who suffer damage from unexpected disasters and accidents.”