Shinhan Life Provides Financial Support for Gyeongnam Customers Affected by Heavy Rain

Six-Month Deferment of Premium Payments

On August 19, Shinhan Life announced that it will provide financial support to help its customers in the Gyeongnam area recover from the recent heavy rains. The support includes premium payment deferment and interest reduction on insurance policy loans.

Shinhan Life Headquarters, Jung-gu, Seoul. Shinhan Life

The beneficiaries are Shinhan Life policyholders who have sustained personal injury or property damage due to the recent torrential rains and whose contracts remain in force. Affected customers can apply for assistance at the Shinhan Life Customer Center or Customer Plaza by submitting relevant documents, such as a damage confirmation issued by the local government, within three months from the date of the incident.

First, Shinhan Life will defer premium payments for affected customers for six months. The deferred premiums can be paid either as a lump sum or in installments over six months. Regardless of whether premium payments are made during this period, coverage will remain in effect, thereby alleviating temporary financial burdens on customers.

Additionally, for affected customers with policy loans, Shinhan Life will reduce loan interest by up to 1 million won for a period of six months. When filing insurance claims for damages caused by the heavy rain, required documentation will be simplified and payments will be expedited, with the company committed to actively supporting the swift recovery of its customers.

Together with this financial support, Shinhan Life is also continuing a variety of activities for customers and the local community under its social contribution slogan, "Warm Fulfillment." The goal is to expand the core value of the life insurance business and support neighbors and communities in need, embodying its commitment to "getting closer to customers."

A Shinhan Life representative stated, "We will continue to actively develop various support measures so that we can fulfill our role as a strong safety net for customers during disasters."

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