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Tongyang Life Insurance Offers Financial Relief to Flood-Affected Customers
Finance · Life/Health Insurance · yonhap_finance · 2026-08-24
082640
Tongyang Life Insurance is providing special financial support, including a six-month deferral on premiums and loan interest, for customers impacted by recent heavy rains.
What Happened
Support Program Overview: Tongyang Life Insurance has launched a special financial assistance program for customers suffering from damages caused by recent heavy rainfall. The initiative aims to alleviate the immediate financial burden on policyholders facing temporary economic hardship.
Key Assistance Measures: The company is offering a deferral of up to six months for insurance premiums and policy loan interest payments. Additionally, loan customers can benefit from interest payment deferrals and maturity extensions to stabilize their financial situation.
Expedited Claims Processing: In addition to payment relief, Tongyang Life is prioritizing the swift processing of insurance claims for flood victims. This measure is designed to provide immediate liquidity to help customers recover from their losses as quickly as possible.
Application Process: Eligible customers can apply for these relief measures through the company's official web portal, local branches, or customer service centers until August 23. The insurer remains committed to supporting its clients during this recovery period.