[Sponsored Report] Kyobo Life Insurance offers product variety

A Kyobo Life retirement annuity specialist explains its “Retirement Annuity” product to potential customers.

Kyobo Life Insurance’s strong products and competitiveness in the market are leading the way for plans to lead the retirement annuity market by focusing on customized consulting services for large companies and foreign companies. Kyobo Life Insurance has been doing retirement insurance since 1976 and even introduced employee retirement installment insurance for the first time in Korea, leading the retirement fund market.

About 2,800 companies have registered in Kyobo’s retirement fund market (retirement insurance and retirement annuities).

There are about 1 million customers receiving this service as of February 2011, the accumulated retirement annuity is 1.43 trillion won, good for second in the insurance industry.

One of the strengths of Kyobo Life Insurance is its staff of annuity specialists. Senior Vice President Park Jin-ho leads the retirement annuity department and is certified by the United States.

The 350 retirement annuity specialists provide core services like system structuring, consulting and educating clients. There is also a special division that is in charge of foreign companies.

The market sees that Kyobo Life Insurance has the best competitiveness with its accumulated know-how, the nation’s largest and best specialist group and a strong product lineup.

Kyobo Life Insurance’s Kyobo asset management retirement annuity insurance provides both stability and profit. Unlike products from banks and securities and investment companies, it pursues stable profit during the long term. There is a wide range of products that you can choose from - the GIC product that provides a fixed rate for a certain period and floating rate products that reflect the market rate.

GIC (guaranteed interest contract) products give clients a fixed interest rate for a long period of time, providing stability to clients. As for the company, they can utilize the fund and increase the management efficiency of the retirement fund.

Kyobo Life Insurance also has the most funds and savings products in the market. Demand-based services are also attractive. In addition, Kyobo Life Insurance has been providing finance analysis, IFRS services and retirement annuities for companies.