Samsung Life Launches 6-Month Savings Insurance Targeting MZ Generation: "Subscribe on Monimo"

Additional Payments Up to 8.0% Annual Interest Rate

Samsung Life Insurance announced on the 20th that it will launch a 6-month maturity savings insurance targeting the MZ generation. This is the 'Samsung Popcorn Savings Insurance,' which offers an interest rate of up to 8% per annum on additional premiums when additional premium payments are made.

The Samsung Popcorn Savings Insurance, launching on the 21st, is a savings insurance that allows easy money accumulation on a monthly or weekly basis. It is an exclusive product on Samsung Financial Networks' integrated platform 'Monimo,' and can be conveniently subscribed to through the 'Monimo' application. The subscription age ranges from 20 to a maximum of 65 years old.

A Samsung Life Insurance representative explained, "It is attractive for the MZ generation, who are sensitive to financial technology, to prepare 'ultra-short-term' purpose funds," adding, "When additional premiums are paid weekly, popcorn pops on the mobile app screen, providing 'preferential interest rates' and 'Monimo Jelly' benefits, making premium payments enjoyable like a game."

The basic monthly premium can be selected in units of 10,000 KRW, ranging from 50,000 KRW to a maximum of 200,000 KRW. If necessary, half of the basic monthly premium can be additionally paid once a week, allowing a maximum monthly payment of up to 600,000 KRW when paying the basic premium of 200,000 KRW.

An interest rate of 3% per annum is applied to the basic premium, and an additional interest rate is applied to the additional premiums based on the number of additional payments. If the weekly additional payment challenge is achieved for a total of 24 weeks, an 8% annual interest rate is applied to all additional premiums.