Lotte Insurance Launches "Water Activity Insurance" for Summer Injury Coverage

Lotte Insurance announced on July 7 that it has launched the "CREW Water Activity Insurance" through its lifestyle-focused platform service "Alice," targeting the peak summer water activity season.

"Water Activity Insurance" is a seasonal summer insurance product following last July's launch of "Surfing Insurance." Anyone between the ages of 0 and 64 can enroll for a daily premium of around 1,000 won per session.

This insurance focuses on coverage for accidents that frequently occur during water activities. The main coverage includes: KRW 100,000 for fracture diagnosis, KRW 300,000 for fracture surgery, and KRW 2,000,000 for permanent disability resulting from a water activity accident.

In addition to basic injury compensation, the policy includes "liability coverage," which provides compensation of up to KRW 5,000,000 if the insured accidentally injures another person or damages property during a water activity trip.

Recognizing that risk factors vary depending on the water activity destination, the insurance is designed with two separate plans: the "Water Park Plan" and the "Sea & Valley Plan." The Water Park Plan places emphasis on coverage for physical trauma and joint injuries that often occur while using amusement rides, providing KRW 100,000 for cast treatment, KRW 300,000 for knee ligament rupture and cartilage damage surgery, and KRW 300,000 for shoulder joint damage surgery. The Sea & Valley Plan mainly covers illnesses arising from the natural environment, such as KRW 100,000 for diagnosis of heat or cold-related illnesses and KRW 100,000 for toxic animal contact poisoning diagnosis.

A representative from Lotte Insurance stated, "This water activity insurance product is designed for families planning water activities during the summer holiday season. We will continue to introduce lifestyle-focused insurance products optimized for each season."

This content was produced with the assistance of AI translation services.