Fubon Hyundai Life Launches Mobile-Exclusive "Annuity Insurance Speed (Non-Participating)"

Customers Can Directly Plan and Enroll for Retirement
Lower Premium Burden with 3- or 5-Year Payment Options
Enhanced Annuity Type Offers Greater Benefits

Fubon Hyundai Life Insurance announced on the 24th that it has launched and is currently selling its mobile-exclusive annuity insurance product, "Fubon Hyundai Annuity Insurance Speed (Non-dividend)," which allows customers to directly plan for their retirement and enroll themselves. The product was released on the 18th.

This product is characterized by a short premium payment period and is designed to increase the annuity fund by adding a long-term maintenance bonus to the policyholder's accumulated amount the longer the policy is maintained. The product comes in two types: Enhanced Annuity Type and Standard Annuity Type.

For the Enhanced Annuity Type, a long-term maintenance bonus is paid on the policy anniversary after five years from the contract date. After the long-term maintenance bonus is granted, partial withdrawals and additional payments are allowed.

The Standard Annuity Type allows up to 12 partial withdrawals per year without fees after one month from the contract date, and customers can flexibly manage their funds through additional payments.

The premium payment period can be selected as either three years or five years. The eligible enrollment age is from 19 to 64 years old. For those under 60, the monthly premium ranges from a minimum of 100,000 won to a maximum of 500,000 won; for those aged 60 or older, it ranges from a minimum of 200,000 won to a maximum of 500,000 won, with enrollment possible in increments of 1,000 won.

The annuity commencement age can be selected from 45 to 90 years old. If the contract is maintained for more than 10 years, policyholders can also benefit from tax exemption on interest income.

This product is an interest rate announcement type annuity insurance, so the surrender value rate may vary depending on interest rate fluctuations. Taking this into account, a minimum guaranteed interest rate is presented at the five-year mark after enrollment.

For example, if a 40-year-old man enrolls in the Enhanced Annuity Type and pays a monthly premium of 200,000 won for three years, the surrender value rate after five years of enrollment will be at least 113.5% when the minimum guaranteed interest rate is applied.

A Fubon Hyundai Life Insurance representative stated, "This product allows customers to directly plan for their retirement and enroll quickly and conveniently via mobile," adding, "It is designed to help customers efficiently manage retirement funds through a short premium payment period and features such as partial withdrawals and additional payments." The representative further said, "We plan to continue launching customized products that reflect customer demand in the future."