Kakao Pay Damage Insurance, tailored insurance revisions for primary and secondary school students... added coverage for school violence

Kakao Pay Damage Insurance has adjusted its insurance products for elementary and middle school students, changing the structure to more directly address possible accidents and disputes that may occur inside and outside school.

On the 22nd, Kakao Pay Damage Insurance announced revisions to the coverage system of the “Non-Dividend Elementary and Middle School Student Insurance.” Previously, the product was divided into 7 basic coverages and 5 special package riders, but through this revision, it has been reorganized into 6 main coverages and 2 packages. This move simplifies the product structure, so that policyholders do not need to review complicated terms one by one and can choose the coverages needed for school life more easily.

A key highlight of this revision is the addition of coverage related to school violence. When a student is injured due to school violence, treatment costs can be supported up to 1,000,000 Korean won; if a civil lawsuit occurs afterward, legal expenses can be supported up to 20,000,000 Korean won. This means it is not limited to simple injury coverage, but also prepares for potential legal costs that may arise when real disputes occur. It can be seen that in recent parent communities, the voices saying that burdens from lawsuits, consultations, and disputes over liability are no less than treatment costs have been reflected in the insurance design.

The existing coverage for risks related to school life is also retained. This includes emergency room treatment costs, fracture diagnosis fees, treatment costs for injuries from traffic accidents, and hospitalization costs for traffic injuries, among others. Of these, treatment costs for injuries from traffic accidents and hospitalization costs for traffic injuries are designed based on non-driver standards, mainly taking into account situations in which students are passengers involved in accidents. This shows that student insurance not only covers incidents at school, but also more broadly addresses risk trends during commuting and everyday movement.

The coverage scope related to diseases and injuries has also been expanded. Added are 7 types of disease care, such as influenza, pneumonia, asthma, and food poisoning, as well as 10 types of injury care covering fractures, burns, and scar repairs, bringing the total number of covered items to 23. In the children and adolescent insurance market, the density of risk coverage closely linked to real life and the number of coverage items are also seen as competitive strengths. This trend is very likely to continue to align with the needs of families with school-aged children in the future—expanding from treatment cost coverage toward legal expense coverage and risk protections closely tied to daily life.