Shinhan Bank is offering a free insurance service to protect customers receiving basic pensions from financial fraud. This initiative aims to prevent increasingly sophisticated financial scams and enhance protections for elderly consumers.
Starting June 11, Shinhan Bank announced that it will provide the 'Shinhan Financial Safety Free Insurance' benefits to customers receiving basic pensions. Applications can be submitted through the Shinhan SOL Bank until December 31. The coverage period lasts for one year after enrollment.
This insurance is designed to support elderly customers who are particularly vulnerable to financial scams, including voice phishing and messenger phishing. Key coverage items include costs associated with recovering mistaken transfers, up to 3 million won, and compensation for damages from phishing scams, up to 10 million won.
Shinhan Bank aims to expand the financial safety net for vulnerable groups through this free insurance initiative.
A Shinhan Bank representative stated, "We have established this service to assist basic pension recipients in the event they encounter unexpected financial incidents. We will continue to provide practical support for financially vulnerable groups in the future."
* This article has been translated by AI.
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