"Preparing for Online Financial Crimes"… KakaoPay Sonbo Launches 'Financial Safety Insurance'

Get Insurance Premium Discounts When Joining with Family
Receive Insurance Payments Over 2 Months Faster

[Asia Economy Reporter Minwoo Lee] Kakao Pay Insurance is launching an insurance product that can protect against online financial fraud such as voice phishing.

Kakao Pay Insurance announced on the 21st that it has launched a personal "Financial Safety Insurance." This product covers online financial fraud such as voice phishing and online direct transaction fraud frequently occurring in secondhand transactions, allowing protection together with family members.

The coverage can be intuitively checked and quickly excluded when unnecessary. Users can set the coverage as much as they want and pay premiums for compensation against damages caused by online financial fraud such as phishing (voice phishing, messenger phishing, etc.), smishing, pharming, memory hacking, and account transfer damages caused by non-face-to-face online direct transaction fraud.

Enrollment is available through the KakaoTalk Kakao Pay Insurance channel or the Kakao Pay Insurance corporate website. It is easy to add family members to join together via KakaoTalk, and the more people join, the more the premium is discounted. When the number of enrollees increases, a maximum discount rate of 10% is applied. More detailed coverage and premiums can be checked through the corporate website disclosure.

Insurance claims can be made via mobile. Claims can be filed and compensated even before the Financial Supervisory Service's damage refund decision. It is explained that the period until receiving insurance money can be shortened by more than two months compared to existing insurance. Some of the insurance money can be received within 72 business hours after the claim is filed. Additionally, it provides guidance on how to respond in case of online financial crime damage.

A Kakao Pay Insurance official said, "Financial Safety Insurance is also a good gift for parents worried about online financial crime damage," adding, "We hope that insurance, which was difficult and inconvenient, becomes easy and comfortable, and that people experience the value of insurance shared together beyond coverage received only by oneself."

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