DGB Life Provides Special Financial Support for Customers Affected by Wildfires

[Asia Economy Reporter Changhwan Lee] DGB Life Insurance announced on the 14th that it will implement special financial support to help customers affected by the recent wildfires in the Uljin and Samcheok areas and to support rapid disaster recovery.

First, measures will be taken to allow customers affected by the wildfires to defer their insurance premium payments. The premium payment deferral is available from the date of damage until August 31, and coverage specified in the subscribed insurance policy will continue to be provided during the deferral period.

For insurance policy loans, principal and interest repayments can be deferred for a certain period, and additional interest on overdue interest will also be waived. When an insurance claim related to wildfire damage is filed, early payment of up to 50% of the estimated insurance payout can be supported.

This special financial support will be applied retroactively from the 4th of this month and will be in effect until August 31.

A DGB Life Insurance official stated, “We will spare no effort to provide prompt support so that customers affected by this wildfire incident can return to their daily lives as soon as possible,” and added, “DGB Life Insurance will continue to do its best to help customers going through difficult times even a little.”

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