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(Photo= Financial Supervisory Service) |
[Alpha Biz= Reporter Paul Lee] Mirae Asset Life Insurance, Nonghyup Life Insurance and DB Life Insurance were sanctioned by the Financial Supervisory Service for failing to comply with their obligation to explain when they signed insurance contracts such as variable insurance and life insurance.
According to the Financial Supervisory Service on the 22nd, Mirae Asset Life Insurance did not explain important matters to the policyholder because it did not properly manage the contact information of policyholders when signing insurance contracts for 236 variable insurances with a premium income of more than 3 billion won from October 2017 to May 2022.
Financial authorities are currently implementing a happy call system to check whether policyholders explain important matters when they sign up for new insurance products.
Mirae Asset Life Insurance was fined 777 million won and 100 million won. The sanctions on executives and employees were left to self-handling.
Nonghyup Life Insurance also neglected to manage policyholders' contacts by signing 250 insurance contracts, including life insurance with more than 1.1 billion won in premium income, between December 2016 and March 2021. It was subject to sanctions such as a fine of 281 million won, a fine of 100 million won and a request for self-handling of executives and employees for violating the duty of explanation, such as not explaining the important matters set at the conclusion of the insurance contract to the policyholder.
DB Life Insurance did not explain to the contractor the important matters set at the stage of the conclusion of the contract by neglecting the management and supervision of the contact number of the planners who recruited the insurance contract when signing 132 life insurance contracts with a premium income of nearly 400 million won from January 2018 to May 2022. DB Life Insurance has been subject to sanctions such as 94 million won in fines, 100 million won in fines, executive caution and requests for self-handling of employees.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
