Hanwha Life Insurance

According to Maeil Business Newspaper, life insurers saw 720,902 contracts lapse due to premium non-payment in the first half of 2025, averaging about 4,000 lapses per day among 10 major insurers including Samsung Life and Hanwha Life. The period also saw a high level of surrenders and insurance-loan activity, with 1,758,154 total surrender cases and 25.4118 trillion won in surrender refunds, and the average refund per surrender rising to about 14.45 million won. A 73.5554 trillion won balance on insurance policy loans was recorded as of July, up from the previous year, while those aged 50 and above accounted for 62.2% of surrenders and 32.2% of the growth in high-cost surrenders, signaling a trend of tightening finances among older customers.