Samsung and Kyobo including nine life insurers gave less pension insurance paid in full key

It said it would pay the full amount [Korea gimmingyeong financial newspaper reporters - a life insurance annuity payments are reduced dividends.

According to the 29th insurers, Samsung Life and Kyobo Life Insurance, Shinhan Life Insurance, including nine life insurers has delivered an opinion hagetdaneun retroactively to pay for both the recently surfaced pension insurance dividends reduced the FSS.

That initially estimated amount of Samsung Life 180 billion, Kyobo jyeoteuna said to the approximately 255.9 billion won, including such life-62400000000 Financial Supervisory Service (FSS) cost of all insurance companies because products are some payment needs group is expected to be less than 100 billion won in the hundreds He said.

The financial authorities have to be applied over the expected interest rate on dividend reserve since 2003. Since 1997, there have been changes to the regulatory challenges insurers will apply to voluntary pension insurance rate is a participating product sales in the mid-1990s to 2003.

I have life insurance haedu secure dividend reserves to pay dividends to pension starting point, because the dividend reserve to catch the interest rates consumers can get paid an additional dividend rate difference.

But the turn of the low interest rate environment of the Asset yields fell insurers had a problem as the interest rate difference is negative odds. Insurers are priced lower interest rate than the interest rate will apply to dividends reserve a car minus the dividend rate. For example, if the expected rate of 7% is an expression to apply and remove the 4% -3% interest rate car odds.

However, the FSS saw that life insurers have even seen a negative margin to pay a dividend reserve to consumers as promised initially planned rate. FSS reportedly discovered these facts are checking each document based on life insurance in the wake of suicide insurance crisis and the situation spirals identified.

FSS officials said, and the survey is finished gathering industry feedback, saying, "insurance companies will review comprehensively sum up the issues treated in the plan as a key jigeupbun payments under the consumer protection dimension.



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