KB Insurance Launches "KB Drone Liability Insurance"
Actively Reflecting Feedback from Members of Korea's Largest Drone Community, 'DronePlay'
Development of a New Liability Insurance Product for Hobby and Leisure Drone Users
One-Day Premium Around 10,000 Won, Compensation of Up to 500 Million Won
On June 2, KB Insurance announced the launch of the "KB Drone Liability Insurance (Personal)", developed by incorporating feedback from members of "DronePlay," the largest drone community in Korea.
This product was developed as a dedicated insurance plan for personal hobby and leisure drone users, rather than for the corporate or commercial-focused drone insurance market.
Prior to developing the product, KB Insurance conducted a survey on drone insurance with 413 members of DronePlay. As a result, 98.5% of respondents agreed on the need for personal drone insurance, and 76.0% expressed an intention to purchase it. When purchasing insurance, drone users cited "reasonable premiums" and "comprehensive coverage" as the most important factors.
Accordingly, KB Insurance has introduced a product that allows compensation of up to 500 million won for a one-day policy with a premium of around 10,000 won, and a range of annual plans with premiums between 50,000 and 130,000 won that also offer compensation of up to 500 million won.
Jaegeun Jeong, Head of General Product Division at KB Insurance, stated, "The newly launched personal drone insurance is a participatory insurance product, developed by actively listening to and reflecting the voices of our customers, which makes it especially meaningful. We will continue to develop products that provide coverage for a variety of risks and contribute to strengthening the social safety net."
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KB Insurance plans to further expand coverage and add innovative guarantees in the future by reflecting the opinions of drone users.
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