10 Common Mistakes When Buying Insurance

1. The column, written by Lee Yu-jeong, MBA, who has 20 years of experience in insurance consulting, summarizes 10 common mistakes when buying insurance and their solutions.
2. According to data from the Financial Supervisory Service, violation of the duty of disclosure was the second most common reason for insurance benefits not being paid in the second half of 2024, at 42.24%, and about 1.5 million people have duplicate health insurance coverage.
3. The column advises checking the application form, waiting periods, whether the policy is renewable, and duplicate coverage before purchasing, and making use of the 15-day cooling-off period for withdrawing an application.

Summary written by AI from the original article · 88 languages