How to Check and Receive Dormant Auto Insurance Premiums: Step-by-Step Guide

2023-10-03 06:01:00

[성남=뉴시스] Reporter Baek Dong-hyun = On the afternoon of the 24th, the last day of the Lunar New Year holiday, the upbound line (Seoul direction) of the Gyeongbu Expressway near the Seoul Toll Gate in Seongnam-si, Gyeonggi-do is congested with vehicles returning to the city. 2023.01.24. livertrent@newsis.com

[서울=뉴시스] Reporter Nam Jeong-hyeon = Last year, the amount of dormant auto insurance premiums that were not claimed by policy holders was found to be about 9.8 billion won. Policy holders can easily check and receive their dormant insurance money on the Korea Insurance Development Institute website. According to the insurance industry on the 3rd, the Insurance Development Institute established an ‘overpaid insurance premium integrated inquiry system’ in 2012 that allows people to apply for insurance premium refunds when excessive premiums have been applied, and is refunding various types of overpaid insurance premiums every year. For example, if you have not submitted proof of military driving experience or have been a victim of auto insurance fraud and overpaid insurance premiums, you can apply for a refund. In addition, additional recognition of insurance subscription experience, correction of discount surcharge level due to stay abroad, recognition of overseas driving experience, working as a driver at work, etc. are also recognized as types of overpaid insurance premiums. Insurance premiums refunded due to failure to submit facts about military driver service amounted to 71.93 million won over the past three years from January 2020 to December of last year, accounting for 84.8% of the total refund amount. In addition, the insurance premium refund performance due to additional recognition of subscription experience such as working as a driver for other corporations, overseas stay, overseas driving experience, insurance fraud, etc. was found to be 15.2%. Also, on the Korea Insurance Development Institute website, you can inquire about insurance claims that were not paid out because the policy holder was unable to contact you or did not collect the claim due to suspicion of voice phishing even after receiving a call or text message from the insurance company informing you of the claim. Last year, there were 110,000 cases of dormant auto insurance claims that were not claimed by policy holders, or about 9.8 billion won. In addition to the Korea Insurance Development Institute website, dormant insurance money can be requested for refund through ‘Find My Sleeping Money’ on ‘FINE’, the Financial Supervisory Service’s financial consumer information portal site. The Korea Insurance Development Institute said, “The number of insurance policy holders requesting premium refunds and applications for dormant insurance money tends to increase significantly only when promoted through the media. “It is planned,” he said. ☞ Sympathetic media Newsis nam_jh@newsis.com <저작권자ⓒ 공감언론 뉴시스통신사. 무단전재-재배포 금지.>
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