Employees who have joined group insurance are eligible for personal accident insurance when they retire in the future. People who have lost their personal insurance may temporarily suspend the loss of existing personal insurance if they join the group's insurance automatically after joining the company.
The Financial Supervision Commission and the Financial Supervision Service announced on January 28 that they will implement a system of linking between joint medical insurance and personal accident insurance.
This is to ensure that health insurance coverage is maintained without interruption according to the life cycle. The personal loss is an insurance of real loss to which the consumer joins through an individual examination, and the hand of the group room is a product that joins as a group at work.
Provided by the Financial Services Commission
Personal and group loss insurance If the link between insurance products is strengthened, it is possible to prevent people who have joined the group room at the time of employment from receiving insurance coverage after retirement.
In this regard, financial authorities have made it possible for employees who have joined the group room for more than five years to change to personal loss within a month. If you have no history of treatment with 10 diseases such as cancer, leukemia, hypertension and myocardial infarction, you can switch to personal injury without the need for an examination.
However, at the time of conversion, the most similar personal loss that the insurer sells is replaced by the actual personal loss.
Starting next month, it is possible to stop the payment of existing personal loss premiums and guarantees if the individual subscribers of lost loss become redundant in the group room due to employment or other reasons. It is a measure designed to avoid the double burden of insurance premiums.
If the retirement is terminated due to the loss of the hands of the group, the personal injury that had been suspended can be resumed. The suspended personal loss will resume without examination, and the guarantees such as the guarantee items and the amount of the guarantee will be applied to the personal loss before the suspension.
Financial consumers can request the redemption and suspension of personal losses to an insurance company that deals with corporate and personal losses.