Search results for Basic Pension
Finance
Shinhan Bank to provide free financial security insurance to basic pension recipients
Shinhan Bank will offer basic pension recipients a free financial security insurance benefit as it steps up protection for older financial consumers amid increasingly varied fraud schemes such as voice phishing and messenger phishing. Applications are available on Shinhan SOL Bank through Dec. 31, with coverage lasting one year after enrollment. The policy covers costs incurred in recovering mistaken transfers and compensation for telecom-based financial fraud. Limits are 3 million won and 10 million won.
Finance
Shinhan Bank launches emergency loan for basic pension recipients
Shinhan Bank has launched an emergency living-expense loan for senior customers who receive the basic pension into a Shinhan Bank account. The product, called the Shinhan Basic Pension Emergency Loan, is offered as a minus-account facility with a single limit of 500,000 won. It carries a loan term of 3 years and an annual interest rate of 0.1 percent. The bank is also running a promotional event through Sept. 30.
Finance
Shinhan Bank launches second sale of Shinhan SOLmate time deposit
Shinhan Bank will start a second sale of its Shinhan SOLmate time deposit from Feb. 12 for customers aged 50 and older. The 12-month product allows deposits of 500,000 won to 300 million won per person. The second sale will be limited to 500 billion won, after the first tranche launched on Jan. 26 sold out in 10 days. The product offers up to 3.1 percent interest, including preferential rates.
