Home > News > Regional
Thursday February 6, 2014 MYT 10:49:00 AM
Thursday February 6, 2014 MYT 10:51:00 AM
SEOUL: One of South Korea's largest insurance companies is to begin offering a policy for victims of school bullies, as part of a government campaign to stamp out the problem.
The policy from Hyundai Marine & Fire Insurance will likely debut in March, a company spokesman said Thursday.
"The priority isn't really on making money with this product, but more on providing a public service that helps build up social security networks," he told AFP.
As well as bullying, other policies will be introduced offering protection to victims of sexual assault, domestic violence and food adulteration - or what President Park Geun-Hye has collectively condemned as the "four social evils" afflicting the country.
According to the state regulatory Financial Services Commission (FSC), the bullying policy will help cover costs for physical injuries as well as counselling fees for those traumatised by school violence.
Monthly premiums would be a maximum of 20,000 won ($18), but the FSC said it would raise joint funds with municipalities to pay premiums for those unable to afford them.
According to a survey conducted by the Education Ministry last year, more than 77,000 school students of all ages said they had been bullied, with nearly 10 percent of those saying they had considered suicide.
Nearly 140 South Korean school students killed themselves in 2012, mostly as the result of family problems, exam stress and bullying. -AFP
Tags / Keywords:
Insurance, bullying, south korea
S. Korea opts for KAI-Lockheed in $7.8 bil fighter deal
S. Korea demands North release arrested ‘spies’
Web Wanders: Judgment and justice
Swiss Re: Natural, man-made disasters in Asia over US$5b
PIAM: All general insurance policies subject to GST
Tsunami warning after Papua New Guinea hit by 7.5 quake (Update)
Activist or apolitical king?
One in 10 pay last respects
Nestlé rewards consumers with biggest promotion ever
The great South Australian adventure
Living away from Malaysia can trigger a lot of different longings
TripAdvisor’s Travellers’ Choice Award for Destinations 2015
'Kamilah Malaysia' is back and coming to you
Senior shuttler on mission in London
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)