Hanwha General Insurance Obtains Exclusive License for Chadoli Driver Insurance Special Contract

[Asia Economy Reporter Changhwan Lee] Hanwha General Insurance announced on the 1st that it has obtained a 3-month exclusive license for the "Additional Injury Coverage While Using Public Transportation After Voluntarily Surrendering Driver's License" special contract.

The "Additional Injury Coverage While Using Public Transportation After Voluntarily Surrendering Driver's License" special contract is inspired by government policies encouraging elderly drivers to voluntarily surrender their driver's licenses in order to reduce traffic accident rates among seniors.

Customers who voluntarily surrender their licenses are expected to use public transportation, and this coverage provides free protection against accidents that may occur during such use.

The New Product Review Committee of the General Insurance Association recognized the exclusivity of the license considering the originality of combining the government's policy to reduce elderly driver accidents through voluntary license surrender with insurance products, as well as the usefulness in enhancing consumer benefits of driver insurance even after license surrender.

This special contract is automatically enrolled without additional premium payment upon submission of documents related to voluntary license surrender, and provides coverage up to 10 million KRW in case of death or permanent injury while using public transportation.

A Hanwha General Insurance official stated, "We developed a new special contract considering social issues to fulfill the company's social responsibility," and added, "We plan to add this special contract to various products of the company in the future."

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