Postal Savings

Postal Insurance contributes to the stability of people's economic lives and the promotion of public welfare by collectively addressing the risks of illness and disasters through the universalization of insurance.

Equitable Service Provision Across Regions

• Postal Insurance operates as a universal financial service to meet the insurance needs of low-income citizens. Targeting both urban and rural residents as its primary target policyholders, it provides equal service access across regions through its nationwide network of post offices. The insurance premiums are kept as low as possible to ensure accessibility for everyone.

Small-Sum Insurance with Simplified Underwriting

• Postal Insurance operates with a simplified underwriting process as a small-sum insurance product, limiting coverage to a maximum of 40 million won with no medical examination required. Specifically, the insurance can be purchased without a doctor's examination, requiring only an interview with a post office employee and the policyholder's honest disclosure of required information.

Public Interest-Oriented Operation

• As a public insurance service, Postal Insurance operates with public welfare in mind, setting insurance premiums as low as possible to benefit policyholders. The accumulated funds are invested in financial institutions and public funds, contributing to national economic development and the reduction of social inequalities.

A Non-Monopolistic Government Service with Voluntary Enrollment Despite Being Public Insurance

• Postal Insurance is a public insurance provided by the state, but its purchasing is voluntary and operates as a non-monopolistic government service that coexists and complements private insurance. Being state-operated, it is subject to legal, institutional, and administrative regulations regarding organization, budget, and auditing by the National Assembly, Board of Audit and Inspection, Ministry of the Interior and Safety, and Ministry of Economy and Finance. It also undergoes consultation procedures with the Financial Services Commission regarding product development, settlement of accounts, and "Post Office Insurance Soundness Standards.