Kim Intae, CEO of NH Life, Joins First ESG Product to Commemorate 10th Anniversary

NH NongHyup Life announced that CEO Kim In-tae (photo right) became the first subscriber to the 'NH Correct Earth Public Transportation Safety Insurance (Self-subscription type, no)' launched to commemorate the 10th anniversary at the NongHyup Life Building located in Seodaemun, Seoul, on the 21st.

[Asia Economy Reporter Changhwan Lee] NH Nonghyup Life announced that CEO Kim Intae became the first subscriber on the 21st to the 'NH Olbareun Jigu Public Transportation Safety Insurance (Self-subscription type, non)' launched to celebrate the 10th anniversary at the Nonghyup Life Building located in Seodaemun, Seoul.

The NH Olbareun Jigu Public Transportation Safety Insurance (Self-subscription type, non) is an online-exclusive product designed to practice ESG (Environment, Social, Governance), which has recently become a hot topic.

The main feature of the product is that it pays 100 million KRW in case of death due to public transportation accidents and 50 million KRW in case of death due to other transportation accidents.

The premium is 13,160 KRW for men and 3,960 KRW for women based on age 40, and it is an annual payment method that provides coverage for one year with a single payment. Subscription is available from age 19 to 60.

NH Nonghyup Life also prepared a special event to commemorate the 10th anniversary of Nonghyup Financial Group's launch and the release of the ESG product.

By subscribing to the NH Olbareun Jigu Public Transportation Safety Insurance (Self-subscription type, non) and agreeing to the attached ESG practice pledge, one tree can be donated.

The donated tree will be planted in the 'Forest of Life' site selected together with a social enterprise that NH Nonghyup Life has signed a business agreement with.

CEO Kim Intae said, "NH Nonghyup Life, celebrating its 10th anniversary, prepared this new product and event to actively participate in ESG, a sustainable win-win management," adding, "We will continue to grow into a 100-year company that always thinks of customers, farmers, and society together."