NH NongHyup Bank’s voice-phishing compensation insurance surpasses 180,000 enrollees

[Financial News] NH NongHyup Bank’s free insurance program, which helps older adults recover from voice-phishing losses, is nearing 200,000 enrollees.
According to the financial sector on the 13th, enrollment in NongHyup Bank’s Voice Phishing Compensation Insurance had exceeded 180,000 as of last September.
The Voice Phishing Compensation Insurance is a public-interest program designed to support the financial recovery of older adults who have fallen victim to financial scams. Anyone aged 60 or older anywhere in the country can enroll for free, without paying a premium. Enrollees can receive compensation of up to 10 million won if they fall victim to voice phishing.
NongHyup Bank is expanding insurance outreach and enrollment support in cooperation with local communities, using its branches nationwide as hubs. In particular, it provides voice-phishing prevention education and helps people enroll in the insurance at local events mainly attended by older adults and farmers, such as the Rural Visiting Doctor Bus and agricultural workers’ parkgolf tournaments.
Park Jang-sun, vice president of NongHyup Bank’s Consumer Protection Division, said, “A financial safety net for older adults is spreading nationwide,” adding, “Through close cooperation between our branches across the country and local communities, we will support more people in preparing for financial scams.”
[email protected] Seo Ji-yoon Reporter