K-Bank and Hyundai Marine & Fire Launch 'Automobile and Motorcycle Insurance'

On the 19th, K Bank announced that it has partnered with Hyundai Marine & Fire Insurance to launch automobile and motorcycle insurance.

Through this partnership, K Bank now offers automobile insurance services from three non-life insurance companies, including KB Insurance and DB Insurance. This is the first time motorcycle insurance, targeting motorcycle riders, has been launched.

Hyundai Marine & Fire Insurance's automobile and motorcycle insurance can be purchased by selecting the 'Hyundai Marine & Fire Direct Automobile' option under the 'Insurance' tab in the K Bank application (app).

To celebrate the launch of Hyundai Marine & Fire automobile insurance, customers who sign up will receive either a 30,000 KRW cashback or a 30,000 KRW fuel voucher. These benefits are available when newly subscribing to Hyundai Marine & Fire automobile or motorcycle insurance through K Bank with a card payment of 300,000 KRW or more.

K Bank plans to form an additional partnership with Samsung Fire & Marine Insurance within the year to provide automobile insurance services from the four major non-life insurance companies in Korea.

K Bank is the only internet-only bank offering insurance services. These include ▲ automobile insurance (Hyundai Marine & Fire, KB Insurance, DB Insurance) ▲ driver insurance (KB Insurance) ▲ savings insurance (Hanwha Life) ▲ cancer insurance (KB Insurance, ABL Life) ▲ child insurance (KB Insurance) ▲ health insurance (ABL Life) ▲ pet insurance (Meritz Fire & Marine Insurance).

A K Bank representative said, “With the launch of Hyundai Marine & Fire automobile insurance, we have expanded the range of choices and benefits. We will continue to enhance customer benefits through new partnerships with various insurance products.”