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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
![[Pressure points] Leggings in public: Fashion statement or social faux pas?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050669_0.jpg&u=)
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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South Korea's insurance policyholders can receive coverage worth 47.5 million won ($42,600) on average through their life insurance contracts, industry data showed Monday.
According to the Korea Life Insurance Association, last year's figure represents a sharp rise from 5.44 million won in 1993, when related data began to be compiled.
The average coverage is obtained by dividing life insurance coverage and other benefits by the country's population.
Separate data also showed that insurance policyholders paid an average 2.16 million won in insurance premiums for the year that ends March 31.
Meanwhile, life insurance policyholders canceled contracts worth 18.5 trillion won last year, the highest annual figure in recorded history, due to continued financial woes amid a protracted economic slump, a trade association said.
The 2015 cancellations mark a jump from 13.8 trillion won in 2002 and 17.2 trillion won in 2014, according to the association. (Yonhap)
