Hyundai Life Archives | Be Korea-savvy

AIA and Hyundai Life Insurance Contracts Easiest to Understand

SEOUL, May 4 (Korea Bizwire) — AIA Life and Hyundai Life have been selected as the insurance companies that provide the most comprehensible insurance contracts, according to a May 3 report conducted by the Korea Insurance Development Institute. The institute assessed contracts from 24 insurance companies in terms of their clarity, comprehensibility and brevity. AIA [...]

Life Insurers Have Higher Claims Non-payment Ratios Than P&C Insurers…KFCF

SEOUL, June 2 (Korea Bizwire) – There are still cases in which insurance companies refused to pay insurance money for unsubstantiated reasons. According to the Korea Finance Consumer Federation, consumers ended up getting nothing in one out of every 100 claims cases on average. In 2013, the ratio of claims non-payment was 1.02 percent for life [...]