Life insurance premium per capita in South Korea 2008-2017

This statistic shows the annual expenditure on private life insurance per capita in South Korea from 2008 to 2017. In 2017, the average annual spending per person on private life insurance amounted to 2.22 million South Korean won.

Annual expenditure on private life insurance per capita in South Korea from 2008 to 2017

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Source

Release date

July 2018

Region

South Korea

Survey time period

2008 to 2017

Supplementary notes

Life insurance in South Korea was categorized into private life insurance (by private companies), Korea Post life insurance, and NongHyup and SuHyup life insurances till 2011. Since 2012, NongHyup became a private company and NongHyup life insurance was transferred into private life insurance.

Note: 1,000 South Korean won equal 0.89 U.S. dollars and 0.77 euros (as of August 2018).

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