Hanwha Life to Provide 'First Lump Sum' for Youth Preparing for Independence and Those Caring for Family Members

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Hanwha Life will provide 95 young people, who have been preparing for independent living on their own or caring for sick family members while postponing their futures, with a foundation of approximately 10 million won in three years to support their independence.

At the contract signing and agreement ceremony for the 'WE CARE DREAM Savings Insurance' held at Yeouido 63 Building on the 14th, Hanwha Life signed agreements with Hanwha Life Financial Services, World Vision, and others, and delivered insurance certificates to the young people.

Following its introduction in 2021 of 'Mom's Care DREAM,' the first three-year-term savings insurance in Korea for youth in blind spots, Hanwha Life changed the product name to 'WE CARE DREAM Savings Insurance' this year to align with its life-cycle CSR brand 'WE CARE,' and expanded eligibility from youth preparing for independence to those caring for family members.

Kim Jung-won, Head of the Management Support Division at Hanwha Life, stated, "The significance of WE CARE DREAM lies not only in securing a lump sum but also in fostering financial capabilities and relationships of mutual care." He added, "We will create a virtuous cycle where youth who have received support become a reliable presence for other young people."

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*This content was translated by AI.View Original