(Seoul = Yonhap News) Reporter Kim Yeon-jeong = In July of next year, the ‘4th generation real-life insurance product’ will be released, which will pay more if you pay a lot of insurance money for unpaid medical treatment that is not covered by health insurance.
In February next year, compulsory liability insurance for blind dog owners and firefighting businesses will be introduced, and from June, outdoor advertising companies will be obligated to subscribe to liability insurance.
The core explanation, which was previously provided only when purchasing savings-type insurance and variable insurance products, is provided when purchasing all insurance products including security insurance.
The following is the’insurance system that will change in 2021′ organized by the Life Insurance Association and Non-Life Insurance Association on the 28th.
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◇ Establish a system such as strengthening consumer protection and enhancing convenience
▲ Providing core insurance product descriptions, expanding to all insurance products (March) = The’core product description’ provided for current savings and variable insurance subscriptions has been unified under the same name as’core manual’, which is the same for all financial sectors. Provides for all insurance products.
▲ Expansion of insurance advertisement deliberation targets (March) = The scope of preliminary advertisement deliberation currently in effect for insurance product advertisements will be extended to business advertisements of insurance companies and insurance agencies.
▲ Reinforcement of preliminary inquiries on whether group indemnity medical insurance is overlapped (January) = Procedures related to pre-checking of overlapping subscriptions for group injured medical insurance subscribers and business processing standards are prepared to strengthen guidance on overlapping subscriptions.
▲ Introduced the right to cancel the illegal contract for insurance products (March) = If the insurance contract violates the sales regulation under the Financial Consumer Protection Act, the financial consumer can request the cancellation of the illegal contract within 1 year from the date of knowledge of the violation and within 5 years from the date of the contract.
▲ In case of violation of the obligation to confirm the conclusion of a duplicate contract, such as an insurance company, a fine for negligence is imposed (June) = A penalty may be imposed for violating the obligation to confirm the conclusion of a duplicate contract for medical insurance, etc. that actually pays medical expenses and damages paid by the insurance company or recruiter A new ground is established. The penalty is 50 million won for insurance companies, 20 million won for employees, and 10 million won for recruitment workers.
[장현경 제작] illustration
◇ Insurance product change and market activation
▲ Launch of a new bad-loss medical insurance product (4th generation) (July) = A new bad-loss medical insurance product will be launched that separates the product structure into pay and non-payment guarantees, and optimizes self-payment and coverage limits. The period of re-registration of ineligible medical insurance (the period of change of coverage) is adjusted from 15 years to 5 years. For non-payment special contracts, the premium differential system (discounts/surcharges) is applied only for non-payment special contracts, such as paying more insurance premiums if you pay a large amount of insurance for non-coverage treatment that is not covered by health insurance.
▲ New introduction of liability insurance for blind dog owners (February) = Compulsory liability insurance for dog owners (five types of dogs under the Animal Protection Act) was introduced to smoothly compensate for damage to the life, body, or property of others caused by dogs. Enforced.
▲ New introduction of liability insurance for firefighting business operators (February) = Compulsory insurance for firefighting business operators is introduced and implemented in order to smoothly compensate for damage to the life, body, or property of others due to malfunction of firefighting facilities. .
▲ Mandatory indemnification insurance for outdoor advertising companies (June) = Liability insurance for outdoor advertising companies is required to smoothly compensate for damage to the life, body, or property of others due to the fall or damage of outdoor advertisements. It is introduced and implemented.
▲ Small short-term professional insurance company with relaxed capital requirements (June) = Small short-term professional insurance company that sells only small and short-term insurance will be introduced.
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2020/12/28 11:34 sent