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Insurance Cancellations Surge Amid Stock Market Boom… Life Insurance Contract Volume Drops by 30 Trillion Won

Summary by 조선일보
The total value of policies held by domestic life insurance companies has decreased by approximately 30 trillion won in just one year. This is attributed to policyholders canceling their insurance policies to raise investment funds amidst the recent stock market boom. Among the three major life insurers (Samsung Life, Hanwha Life, and Kyobo Life), Samsung Life showed the largest decline in the volume of its policies. According to the Korea Life …

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The total value of policies held by domestic life insurance companies has decreased by approximately 30 trillion won in just one year. This is attributed to policyholders canceling their insurance policies to raise investment funds amidst the recent stock market boom. Among the three major life insurers (Samsung Life, Hanwha Life, and Kyobo Life), Samsung Life showed the largest decline in the volume of its policies. According to the Korea Life …

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조선일보 broke the news on Thursday, May 7, 2026.
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