Naver Pay Launches Overseas Travel Insurance Comparison Service

Naver Pay announced on the 18th that it has launched an overseas travel insurance comparison service.

The Naver Pay overseas travel insurance comparison and recommendation service allows users to set desired coverage according to their travel schedule and compare prices of overseas travel insurance plans offered by non-life insurance companies, and subscribe to them.

Users can freely set and compare a total of 14 major coverages, including damage to personal belongings, flight and baggage delays, overseas medical expenses, and travel interruption accidents. All non-life insurance companies partnered with this service provide overseas travel insurance plans that match the user's selected coverages among the 14 options.

Users can add up to 9 accompanying travelers to compare the total insurance premium. The service simplifies the user's information input steps from insurance comparison to subscription, enhancing convenience. When booking travel tickets through Naver's flight service, users can import their travel schedule using flight information at the stage of entering the travel period.

This service strengthens consumer choice by setting the prices provided through the insurance companies' own websites and the insurance comparison service to be the same. It has partnered with six non-life insurance companies: Lotte Non-Life Insurance, Meritz Fire & Marine Insurance, Carrot Non-Life Insurance, Hana Non-Life Insurance, Hanwha Non-Life Insurance, and NH Nonghyup Non-Life Insurance. Naver Pay plans to expand its partnerships with insurance companies in the future.