As [South Korea gimmingyeong financial newspaper reporter] The prolonged recession has reduced consumption capacity yieojija insurers reduce premiums paid apdatwo naenwatda the product. The intent is reasonable to insurance, retirement sikigetda meet customer needs to prepare for health coverage as premiums instead of lowering the rebates that reduce the centrist termination termination, revocation or non-refundable product structure is typical.
Low-refundable cancellation of the first products launched in the last two years, ING Life 2015. "Orange brave life insurance, ING Life has reportedly led directly interested branded merchandise development stage for about a year jeongmunguk ING Life President. After successively the similar products of similar structures in the industry noteumyeonseo took my place as a new trend. That revocation, cancellation or non-refundable guarantee the same product can be terminated instead of refunds less in premium payment period can be reduced by up to 25% of the premiums paid.
Hanwha Life Prime integrated whole life insurance, compared to the existing products, such as guaranteed premium of up to 25% cheaper. While ensuring the oriental life to the "Guardian Angel frugal integrated CI insurance" are nursing serious illness (CI) insurance and long-term market conditions is characterized lowered up to 20%.
Samsung Life while ensuring cancer, stroke, acute myocardial infarction through the "Healthy Living Home Essentials insurance, premiums are lowered by up to 25%. Instead the inexpensively priced one will pay a premium to get rid terminated midway refund.
Mirae Asset Life With the launch of 'Children's Insurance Great Birth "has expanded the product structure far lower termination refundable child care. Maintain insurance to help end the more long-term maintenance configure more favorable to the customer the nature of animated children's coverage of "design life" is assessed.
MetLife has introduced a non-termination structure to the rider than the industry's first prime contractor. Rider is decaying so your product Because insurance refunds due is less or not. MetLife helped to make this point focusing on customers who want more collateral-free termination of the rider Give prime contractor will be required to ensure affordable premiums. In particular, no cancellation of the special agreement MetLife has the advantage of greater long-term benefits because it maintains the same level of reimbursement to be maintained with regular rider occur when more than four years after the insurance payment is completed.
Termination Termination refundable reimbursement of that product is less 30 to 70% of general merchandise. If the product is not long after joining hwangeupryul further falls. Usually because the various fees charged, including the early insurance expenses. However, assessment of maturity when kept perfect for consumers looking for a protection-type insurance can receive the same guarantees and existing products at an affordable premium.
There is also a negative perspective. Less that would be raised by critics of 'josammosa "according to the structure instead of product less the refund. But not as high due retention of life insurance, that the biggest reason is that, given the findings of the Financial Consumer Federation will of the premiums paid burden that termination refundable product structure, these are widened to increase the contract retention rate of the breadth of consumer choice means can see. In fact, according to management disclosure of each life insurer 13. Recurrence insurance retention rate for the first year appeared to be less than half to 47.01% when the 61 round of which corresponds to the average of 83.09%, but 5 years (Samsung, Hanwha, Kyobo Life standard)
Such changes in product preference is to spot the trend of strengthening protection-type insurance. As we move into the aging period and strengthened the guarantee needs for survival, it is added, up to a long-term recession here will be the launch of low-cost protection-type products. As we move into low interest rates, especially in difficult saenggija Asset Management insurers have lowered the expected rate simultaneously. This method also reduces the insurance premiums according to insurance rebates when they returned midway termination became hikes will inevitably spiral into a premium cut.
Industry insiders said that "does not terminate until maturity point that termination refundable is absolutely free," he said, "especially if you take advantage of the non-termination of riders that can guarantee a mortgage, such as lower insurance premiums would be possible to design caustic non-high insurance".
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