Links to www.swisslife.com About the Swiss Life Group Shareholders & Analysts
 

 
Korea Life - Korea
 
Logo Korea Life (KR)
 
  • Established in 1946, the oldest life insurance company in Korea
  • Was incorporated into the Hanhwa Group in December 2002
  • Underwrites all types of life, endowment, term and annuity insurance for both individual and group policies
  • Ranked third in 2006 in terms of group life business
  • Ranked second in 2006 in terms of total premium and market share
  • Total premium income in 2006 exceeded KRW 10.7 trillion
  • Total assets under management in 2006 amounted to KRW 45.4 trillion
  • Serves customers through 7 business service divisions, 73 branch offices and 725 sales offices
  • Offices in Vietnam and Japan (Tokyo)
  • Member of the Swiss Life Network since 1987

 
 
Special Advantages
  • Local dividends are guaranteed and fixed on all products except group term insurance
  • Tariffs are set for all coverages, however, volume and danger grade discounts are available on premiums for group term insurance and group medical care security insurance
  • Corporate and individual tax is not imposed on premiums and therefore group contract holders can save tax amounting to between 16.5% and 29.7% of paid premiums

Coverages and Products
Types of Benefit
Coverage available and poolable:

  • Group Life
  • Disability Lump Sum (rider)
  • Accidental Death & Dismemberment (rider)
  • Medical (rider)
  • Critical Illness (rider)

Coverage available:

  • Old Age Lump Sum (rider)
  • Endowment (rider)

Contact
60, Youido-dong, Yongdungpo-gu
P.O. Box Youido 308
Seoul 150-603 / Republic of Korea
Tel.: +82 2 789 84 55
Fax: +82 2 789 84 71
www.korealife.com
maste@korealife.com