Concept & Characteristics
LifeInsurance
Contract between policy owner andinsurer
Insurer agrees to pay a sum of money upon theinsured individual’s death or other event, such as terminal illness or critical illness
Two major categories
Protection policies
Investment policies
Characteristics
Two major Characteristics ofLifeInsurance
1. Eventual Certaint
high school and Yonsei University business administration in sequence. Right after the university graduation, he entered Samsung Insurance in 1987. Working about 10 years inthe company, he grabbed a chance of studying in Wharton school in Pennsylvania with the company’s financial support. After two years of education inthe school, he gained master’s degree and came back tothe company.
and medical technology development, medical cost paid by old people increase.
If this situation is continued, account of health insurance will have a deficit.
Korean use seventy or eighty millions of money as medical cost all their lifeand half oftheir medical cost is used after 65-years-old.
Korea face an aging-society, so economic action of man inthe prime oflife is very important. Ther
(2) Long Term Care in Korea
In July 2008, Korea introduced social insurance for long-term care. There are several
important demographic and social changes leading totheintroduction of long-term care
(LTC) insurance, including the rapid ageing of population as a result oftheincrease inlife expectancy andthe sharp decline in fertility. Total fertility rate is below 1.1 in 2005 (NSO,2007).
● Non lifeinsurance in Korea has the history of about 49 years, at first Chosen Fire and Marine Insurance Company was established in 1922.
● After the last world war, a number ofinsurance companies were founded to carry on fire or marine insurance, and some companies gradually extended their activities to a host of other kinds of non-lifeinsurance like automobile insurance in nine com
the Company uses derivative instruments, primarily forward exchange contracts, to hedge foreign currency exchange rate risks regarding foreign assets and liabilities. In other words, a foreign branch buys or sells currency forward products about 6 months before expired through the bank for risk aversion. The following table presents the currency forward trades in late 2010.
(In Millions of KR
The Long Term Care Insurance forthe Elderly’ is the social insurance programs helping the elderly who have difficulty in daily life because of old age or several diseases by offering long term care pay such as home making activity. By the programs, the elderly can promote their health andtheir family can lessen the burden. Ultimately the program can promote Korean quality oflife. Compared to
the biggest institute ofinsect control technology and only production line by itself in Korea. Theinstitute has and hold about 100 master or doctor researchers and 2,193 type ofinsects control programs about 731 species ofinsects. Theinstitute combines biotechnology and IT andinvents new environment-friendly drug and control system which is harmless to humans and 300 thousands clients and
● Definition of digital nomads
Digital nomads are individuals who use technology andtheinternet to work remotely from any location inthe world, allowing them to have a location-independent lifestyle. Digital nomads often work as freelancers, entrepreneurs, or remote employees for companies, andthey typically use laptops, smartphones, and other digital devices to communicate and collabora
and promotional items.
All our products can be supplied with our client’s branding in either embroidery or screenprinting. Besides our locally manufactured SPRINGBOK and our other brands include SECOND SPRINBOK, Altitude Leisurewear, The Jefferson Collection, Caps Direct, Bags & More and Promogifts. We sell the Waterproof Items.
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