Three-Stage Minimum Guarantee Structure
at 7 Years, 10 Years, and Pension Start
On June 2, KB Life announced the launch of a new product, "KB Triple Level-Up Pension Insurance (Non-Participating)," which features a strengthened guarantee structure for actual pension demanders.
This is an interest rate-linked installment pension insurance product. Its main feature is to reduce the uncertainty of pension assets caused by interest rate fluctuations and to help customers manage their retirement finances in a stable manner.
Regardless of the premium payment period, the product gradually increases the guaranteed ratio of the basic premiums paid at three points: after 7 years, after 10 years, and at the start of the pension.
For a 5-year payment plan, the product guarantees at least 100% of the basic premiums paid after 7 years, 130% after 10 years, and at the start of the pension, it guarantees at least 130% of the basic premiums paid plus an additional 2.0% per year, with no upper limit.
The product is designed to provide greater benefits for longer contract retention, enabling customers to build stable and predictable pension assets regardless of the declared interest rate.
The eligible age for enrollment ranges from newborn to 70 years old. The pension start age can be set from 45 to 85 years old, allowing for flexible planning across various age groups.
The minimum monthly premium varies depending on the payment period: 300,000 KRW for 5 years, 200,000 KRW for 7 years, and 100,000 KRW for 10 years.
A KB Life representative stated, "This product is designed to substantially protect customers' pension assets and to increase the surrender value ratio as the holding period lengthens. We will continue to prioritize customer satisfaction and introduce innovative insurance products in the future."
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