Samsung Life has introduced a new pension insurance product that allows customers to make a lump-sum payment and receive retirement benefits.
The company announced on September 10 the launch of its digital-only pension insurance product, 'Samsung Rolling Pension Insurance.'
This product requires a one-time premium payment at enrollment, with a minimum accumulation period of 10 years before benefits are received. For those who enroll this month, a guaranteed interest rate of 4.40% will apply for the first 10 years. Interest will be compounded annually on the amount after deducting business expenses.
During the first 10 years, the fixed interest rate will remain unaffected by market fluctuations. After this period, the accumulated funds will be managed based on the company's asset management returns and market interest rates.
The product is available in two types: a basic version and an enhanced pension version. If the enhanced version is maintained for a long time, customers will receive a total of 10% in maintenance bonuses, with 5% awarded at the 5-year and 10-year marks. According to Samsung Life, as of September 2026, a 55-year-old male who enrolls in the enhanced version with a one-time premium of 100 million won can expect an accumulated amount of approximately 150 million won after 10 years.
Enrollment is open to individuals aged 20 to 80, with a minimum investment of 2 million won. This digital-only product can be purchased through Samsung Life Direct and the integrated Samsung Financial app, 'Monimo.'
A Samsung Life representative stated, “This product is suitable for customers looking to prepare a lump sum for retirement savings, as it reduces the burden of interest rate fluctuations with a guaranteed rate for 10 years.”
* This article has been translated by AI.
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