[Korea gimmingyeong financial newspaper reporter SUICIDE insurance crisis of insurance companies pulled bore six years is expected to end up with a white flag of surrender "bulhoryeong 'of Insurers and the Financial Supervisory Service.
Samsung Life is urgent to open the morning two days Board announced that it will be paid to the beneficiaries in full, including accrued interest claims suicide. Delay and includes a total of 174 billion won, the 3337 case size.
Kyobo Life Before 23 days last month opened a few days ago the Financial Supervisory Sanctions Committee only 'insurance will pay before the suicide cases' and changed its stance. CEO · This notice was originally interpreted FSS employees are dismissed such measures would bear seureowoteul jungjinggye action. In particular, chairman of Kyobo Life sinchangjae has been the case to step down from frontline management as the only "owner CEO 'of the three companies is expected to be accrued greater risk.
Financial Supervisory Service issued a warning sanction of the President liberal, somewhat lower sales level, some stop 1 month, etc. Given the will of Kyobo Life Insurance. Samsung Life Insurance and voted to censure President Sales disciplinary warning and suspension of some 2-3 months for Hanwha life.
Negative business disaster that killed ensure new contract reportedly subject to riders including from the host contract goods. In fact, most of the life insurance company flagship product. According to industry sales this guarantee Samsung, Hanwha, received some suspension Kyobo Life Insurance Accidental Death of sales are reportedly close to the initial premium estimated at 900 billion won. 3 is almost half of the sales in April.
If these sanctions are also expected to be finalized big hit livelihood of exclusive agents of these insurers. Insurance industry officials have expressed concern saying "If you limit the total mortgage disaster death will not be able to sell a life insurance Life insurance · CI flagship product.
Samsung Life Insurance is reported as "suicides have decided to add insurance paid by the consumer protection and restore confidence level will complete the payment as soon as possible." While determined to assume Hanwha Life also inside suicides insurance additional paid a two-day board of directors said "has conducted a comprehensive and in-depth review of its own about whether meantime suicide insurance payments" protect consumers trust the 'Hanwha life, and together with the customer the Board of Directors to meet the business purpose and decided to assume an urgent agenda "he said.
If you 'cheoltwae's initial financial authorities are considering suicide that claims for payment are expected to decrease the possibility of even greater level of sanctions, the Financial Supervisory Service poised to transition of these insurers.
But the embers of conflict remain. Due to differences in pay based on each insurer it is because the beneficiaries concerned to further debate the fairness bulgeojil. For example, in September 2007 prior to the subscriber Samsung Life Insurance customers can receive, including delays and Kyobo Life, but customers can only receive payment reduces the principal's money. In the case of Hanwha Life it has not yet decided whether to pay the same goes with the scale.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
