Customers Can Directly Plan and Enroll for Retirement
Lower Premium Burden with 3- or 5-Year Payment Options
Enhanced Annuity Type Offers Greater Benefits
This product is designed to allow customers to set a short premium payment period, and the longer the policy is maintained, the more long-term maintenance bonuses are additionally credited to the policyholder's reserve, thereby increasing the annuity fund. The product is available 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 premium payments are allowed.
For the Standard Annuity Type, after one month from the contract date, policyholders can make up to 12 partial withdrawals per year without fees, and can flexibly manage necessary funds through additional premium payments.
The premium payment period can be chosen as either three years or five years. The eligible enrollment age ranges from 19 to 64 years old. For those under 60, the monthly premium can range from 100,000 to 500,000 won, while for those aged 60 and above, it ranges from 200,000 to 500,000 won, with enrollment available in increments of 1,000 won.
The annuity commencement age can be selected between 45 and 90 years old. If the contract is maintained for more than 10 years, policyholders can also enjoy tax exemption benefits on interest income.
This product is a declared interest rate annuity insurance, so the surrender rate may vary based on interest rate fluctuations. Considering these characteristics, 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 rate after five years would 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 their retirement and enroll quickly and conveniently via mobile. It is designed to help efficiently manage retirement funds through a short premium payment period and features such as partial withdrawals and additional premium payments." The representative added, "We will continue to launch customized products that reflect customer demand in the future."
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