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- Bancassurance is the French compound of Banque and Assurance. Bancassurance is the selling of insurance products by banks. We established our bancassurance business with selected global and local insurance partners in September 2003.
| Insurance partners | Total | |
|---|---|---|
| Life insurance | Kyobo, Kumho, Korea, Dongbu, Dongyang, Met Life, Miraeasset, Samsung, Shinhan, Allianz, Hungkuk, AIG, ING, PCA, SH&C | 15 partners |
| Non-life insurance | Dongbu, Meritz, Samsung, Ace, Firstfire, Hanhwa, Hyundai, LIG | 8 partners |
| Insurance Products | Total | |
|---|---|---|
| Life insurance | Savings Insurance, Annuity, Variable Insurance, Endowment products | 46 partners |
| Non-Life Insurance | Long-term savings, Long-term protection , Third-party insurance | 24 partners |
- Unfortunately, documentation related to insurance products is written in Korean.
- For more information about insurance product, kindly contact 1577-7744 or visit one of our branches.
- Life insurance provides protection in the event that a person is unexpectedly injured or loses his/her life, in the form of an insurance payout and other compensation payments to the insured. Examples include life insurance (e.g. annuities, savings insurance, education insurance), death insurance (end of life Insurance, fixed-term insurance), health insurance, etc.
- Loss insurance protects against monetary losses due to specific unexpected events. Examples include accident/sickness insurance (e.g. health insurance, driver’s insurance), property insurance (e.g. fire insurance, automobile insurance, marine insurance, aviation insurance) and others.
- Instead of making a purchase through an insurance salesperson, bancassurance can be purchased in the same way as a deposit, i.e. by going up to a bank teller window, choosing the product that you want and making your purchase immediately. In addition to insurance, our comprehensive range of products also includes deposits, loans and investments. We can offer the right solutions for your needs based on your goals, finances and risk appetite.
