Nonghyup Life Insurance Co.,Ltd. (South Korea)

Nonghyup Life Insurance Co., Ltd., located in Seoul, was established in 1965 as a comprehensive agricultural cooperative life deduction business. In 2012, it transformed into a private insurance company to provide stable financial support for agriculture and rural farmers. The company has experienced steady growth and currently has total assets of 60 trillion won and 255.1 million customers. Nonghyup Life Insurance aims to be a life finance partner that provides stability and convenience to customers. They offer a range of products, including whole life insurance and pension insurance, to ensure the safety of customers' lives and assets and help them plan for the future. They also sell farmers' safety insurance, which is the only government policy product in Korea, to strengthen the social safety net for farmers. The company is committed to customer-oriented management and has received recognition for its credibility and consumer trust. They are actively transforming into a digital insurance company to provide convenient platforms for customers to access insurance information and services. They have implemented a simple claim for indemnity insurance and a chatbot service. Nonghyup Life Insurance is also engaged in social contribution activities, including financial support for natural disasters, free medical treatment projects for rural tours, and donations to the underprivileged. They are also focused on eco-friendly and socially responsible management, with initiatives such as value management, transparent governance disclosure, and support for eco-friendly businesses. The company expresses gratitude for the continued interest and support of customers and aims to be an insurance company that protects the lives and property of farmers and customers, grows through management innovation, and fosters communication and warmth.