[Related Article] Insurance Companies Are Losing Money in Variable Funds (Korea Bizwire, April 16)
Variable life insurance funds, the bread-and-butter of life insurance companies, are recording a very low rate of return. Over the last year, their average yield was 0.81 percent with about 40.6 percent of the funds having recorded deficit. On April 15, the Korea Finance Consumer Federation (KFCF) reported that 325 in 801 variable insurance funds have been losing money upon analysis of the rate of return of all those funds. (see the full text of this news)
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