Jinju City Expands Bicycle Insurance Enrollment for All Citizens
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[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam Province plans to enroll all citizens in bicycle insurance again this year to prepare for various accidents caused by bicycles.
The bicycle insurance is subscribed on an annual basis, and the coverage period for this year is from March 1, 2022, to February 28, 2023.
All residents registered in Jinju City are automatically enrolled, and injuries occurring in other regions are also covered.
This year, the injury diagnosis consolation payment has been increased by 100,000 KRW compared to last year, expanding the amount from 200,000?600,000 KRW to 300,000?700,000 KRW depending on the diagnosis.
The coverage includes death accidents up to 10 million KRW, permanent disability up to 10 million KRW, diagnosis consolation payment for 4 to 8 weeks ranging from 300,000 to 700,000 KRW, hospitalization consolation payment of 200,000 KRW based on diagnosis consolation, fines up to 20 million KRW, attorney fees up to 2 million KRW, and accident handling support funds up to 30 million KRW. These coverages can be duplicated regardless of other insurance subscriptions.
Insurance claims must be submitted to the insurance company with supporting documents within three years from the date of the accident. Coverage is based on the accident date, so accidents before March 1 of this year will be covered under last year's terms. Last year, there were a total of 487 insurance claims paid to Jinju citizens amounting to 243 million KRW.
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A city official stated, “We plan to continue managing and inspecting bicycle infrastructure so that citizens can use bicycles more comfortably and safely.”
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