Finance
KB Kookmin Bank signs MOU with AIA Life on insurance claim right trust
KB Kookmin Bank said on Wednesday it signed a business agreement with AIA Life to promote insurance claim right trusts and expand linked trust and insurance services. Executives from both companies attended the signing ceremony on Tuesday. The insurance claim right trust allows policyholders to place death benefit claim rights in trust during their lifetime and design management and payout structures in advance. The companies plan to build inheritance services reflecting customer needs.
