When signing up for auto insurance, the special mileage contract will be switched from selection to automatic subscription from April.
The Financial Supervisory Service announced that it has prepared a plan to give all contractors the opportunity to receive premium refunds based on mileage and to eliminate the inconvenience of submitting duplicate photos of mileage when renewing the contract.
The photo of the mileage that must be submitted to the insurance company at the time of subscription has more than doubled from the current 7 days to at least 15 days. In line with the characteristics of each recruitment channel, we plan to strengthen the guidelines for submitting mileage photos during the sales and acquisition stages.
Accordingly, all contractors are expected to be able to receive a partial refund of their insurance premiums if they comply with the mileage without additional burden of insurance premiums.
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