More Bonuses the Longer You Maintain... Samsung Life Launches 'Samsung Internet New Pension Insurance'

Samsung Life Insurance is launching an annuity insurance product that provides additional savings the longer it is maintained.

Samsung Life Insurance announced on the 24th that it has released the 'Samsung Internet New Annuity Insurance.'

This product features additional bonuses added to the accumulated amount the longer the policy is maintained. The maintenance bonuses occur at 5, 10, and 20 years from the insurance contract date. The bonus amount is calculated based on the cumulative basic insurance premiums paid up to the day before the maintenance bonus date, applying a payout rate of 1% at 5 years and 3% at both 10 and 20 years.

Additionally, if tax-exempt conditions such as 5-year payment or maintaining the policy for over 10 years are met, customers can enjoy exemption from interest income tax (15.4%). After deducting certain business expenses from the accrued interest, the product offers the benefit of compound interest annually. Regardless of the subscription period, policyholders can receive a surrender refund of at least 100% of the premiums paid upon cancellation at any time.

Besides the lifetime annuity type, various annuity payment options can be selected depending on the timing, duration, and form of annuity receipt. Before the annuity start date, policyholders can switch among fixed-term annuity plus type, early concentrated annuity type, lifetime annuity plus type, and inheritance annuity type.

Moreover, this product provides mid-term withdrawal and additional payment functions. Customers can flexibly manage their funds by making additional payments when financially comfortable and withdrawing early when urgent needs arise.

As an internet-exclusive product, it can be easily subscribed to non-face-to-face through Samsung Life Direct channels. The eligible subscription age ranges from 20 to a maximum of 65 years.

A Samsung Life Insurance representative stated, “Not only is the principal guaranteed throughout the entire period, but the long-term maintenance bonus allows for receiving higher annuity amounts. This product is noteworthy for customers who want to prepare for retirement reasonably.”

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