KB Insurance announced on July 24 that it has revised its 'KB Travel Insurance' to strengthen coverage for flight and baggage delays as well as overseas medical expenses.
The revision features a streamlined plan naming and benefit structure to help customers easily compare coverage levels. The previous plans named 'Assured', 'Value', and 'Essential' have been renamed to 'Premium', 'Standard', and 'Basic'.
The Premium plan now offers increased coverage for flight and baggage delay expenses, raising the limit from 300,000 won to 500,000 won. The overseas medical expense coverage has also been increased from 50 million won to 70 million won for both injury and illness.
The Standard plan maintains coverage for flight and baggage delay expenses at 300,000 won, with overseas medical expenses capped at 50 million won for both injury and illness.
The number of benefits per plan has also been differentiated. Previously, all three plans offered 26 benefits, but under the new structure, the Premium plan includes 26 benefits, the Standard plan has 24, and the Basic plan offers 17. This allows customers to choose coverage and premiums based on their travel purpose and budget.
Coverage for climate-related illnesses, such as heat and cold-related diagnosis expenses, has been included in the Premium plan.
A representative from KB Insurance stated, “We revised the product to help customers easily select a plan that fits their travel purpose and budget, reducing the financial burden that may arise during overseas travel. We aim to enhance coverage competitiveness and enrollment convenience by reflecting travel trends and customer demands.”
* This article has been translated by AI.
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