Kyobo Lifeplanet Selects Winners of Life Insurance Idea Contest

Kyobo Lifeplanet Life Insurance announced on the 26th that it has successfully concluded the 'Life Insurance Product Idea Contest You Want to Gift to Your Loved Ones.'

[Asia Economy Reporter Oh Hyung-gil] Kyobo Lifeplanet Life Insurance announced on the 26th that it has successfully concluded the product idea contest for "life insurance you want to gift to your precious ones."

From the 14th of last month, the contest was held for university students and the general public, and after a non-face-to-face video presentation, the final winning ideas were selected.

Si-eun Yoo, who submitted "The Healthier Insurance," won the grand prize. The Excellence Award went to Team Jeongdungi (Jisoo Jeong, Hwila Jeong) for "The Clearer Children's Skin Insurance," and the Merit Award was given to Team EcorEyes (Sanghoon Park, Hyejung Han, Soyeon Bae) for the "2.0 Project." The grand prize was awarded 3 million KRW, the Excellence Award 2 million KRW, and the Merit Award 1 million KRW.

Kyobo Lifeplanet plans to develop the winning ideas into actual insurance products through the product development process.

Kim Manyoung, head of Kyobo Lifeplanet's product development team, said, "We were able to hear vivid opinions and ideas from customers. Thanks to the active participation, we obtained many practical ideas, and based on this, we will strive to develop products that customers truly need in the near future as a way to give back."