Microinsurance is a vital part of financial inclusion and its core value is to provide economically disadvantaged households with basic insurance coverage, a safety net that allows them to work for a better life without worry.
Financial inclusion is at the top mind for KGIL whose mission is to provide more protection for the economically disadvantaged to realize social value, an adherence to the spirits of treating customers as we would to ourselves. KGIL has been a microinsurance provider that offers basic protection for the qualified underprivileged in Yunlin County for eight consecutive years. This year, the Company works with Yunlin County again to promote microinsurance and expand social safety net. This year, six more banks have joined in to complement protection for underprivileged households and it is estimated that nearly 10,000 eligible people can receive the benefits.
KGIL promotes financial inclusion by working with multiple municipalities across Taiwan through premium donation and has received recognition from the competent authority for nine years in a row. Furthermore, the Company was awarded “Microinsurance Promotion - Silver” in the ninth Insurance Excellence Prize and, this year, close to tens of thousands of the eligible underprivileged have been covered by the microinsurance scheme. The goal is to expand the care and reach of microinsurance to more families. KGIL will continue to enlarge the umbrella of protection, making microinsurance a stabilizing force for our society. The purpose is to disseminate the spirits and amplify the impacts of microinsurance, injecting positive energy into the community. KGIL will continue working toward the goal of “the most recommended and trustworthy life insurance company”.
