[Asia Economy Reporter Kim Min-young] The domestic travel insurance product, which can be purchased cheaply and conveniently through the mobile application (app) 'OnBank' of the National Credit Union Federation of Korea (NACUFOK), is gaining attention among domestic travelers.
According to NACUFOK on the 5th, this domestic travel insurance is a unique travel insurance from NACUFOK designed for a safe and enjoyable summer vacation. If subscribed for a short period, the premium is affordable at less than 10,000 KRW. It provides broad coverage from simple treatments to hospitalization, and with additional special contracts, coverage extends to MRI and non-reimbursed manual therapy. It also covers legal liability for damages caused to others during travel.
For example, if a 40-year-old man subscribes to the standard indemnity type of domestic travel insurance for 5 days, the premium is 8,240 KRW, and he can receive compensation of 300 million KRW for accidental death and disability. Depending on the choice, he can receive 30 million KRW for death by illness or liability compensation, and up to 30 million KRW for hospitalization due to injury or illness.
Additionally, 3.5 million KRW is compensated for non-reimbursed manual therapy, and 3 million KRW for MRI scans.
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