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Korea Life Insurance Association

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Copyright ⓒ 2019 by KOREA Life InsuranceAssociation. All Rights Reserved.

The most beautiful promise in the world is

What Life Insurance
does to prepare for TOMORROW

History

About USHistory

  • 2023
    12
    Mr. Chul Ju, Kim inaugurated as the 36th Chairman of KLIA
    6
    HK Financial Partners joined KLIA as an associate member
    3
    My Angel Financial Service joined KLIA as an associate member
  • 2022
    6
    Hanwha Life Lab and KB Life Partners joined KLIA as an associate member
    5
    Hanwha Life Financial Service and Mirae Asset Financial Service joined KLIA as an associate member
  • 2020
    12
    Mr. Hee Soo, Chung inaugurated as the 35th Chairman of KLIA
  • 2017
    12
    Mr. Shin, Yong-Kil inaugurated as the 34th Chairman of KLIA
  • 2014
    12
    Mr. Lee, Soo-Chang inaugurated as the 33rd Chairman of KLIA
  • 2012
    3
    Nonghyup Life joined KLIA as a member
  • 2011
    12
    Mr. Kim, Gyu-Bok inaugurated as the 32nd Chairman of KLIA
    3
    KLIA Letter, e-mail newsletter system launched
    1
    Start granting registration to insurance agencies
  • 2010
    11
    <60 Years of KLIA History> published
    9
    IBK Pension Insurance Co., Ltd. becomes an associated member of KLIA
    5
    Samsung Life Insurance Co., Ltd. listed on KOSPI
    3
    The integrated management system for solicitors launched, Korea Life Insurance Co., ltd. Listed on KOSPI
    2
    KLIAs 60th anniversary
  • 2009
    10
    Tongyang Life Insurance Co., LTD. becomes the first life insurance company in Korea to be listed on KOSPI
    7
    Adopts and standardizes out-of-pocket health insurance policies
    6
    Enacts practical policies such as adjusting of life insurance depositor insurance rates
    2
    Mobile service set up to announce qualification test schedule and eligibility for becoming solicitors
  • 2008
    12
    Mr. Woo-Cheol Lee inaugurated as the 31st KLIA chairman
    8
    Cross-selling of life and non-life products is permitted
    6
    The Best Certified Insurance Consultants began insurance solicitation activities
    5
    Establishes and begin operating the Life Insurance Social Contribution Fund
    3
    Seoul branch office relocated and permanent test sites opened
  • 2007
    11
    Concludes agreement on implementation of Social Contribution Projects
    8
    Enacts law on estabilishment of dormant insurance management foundation Launches the Korea Life Information Check System(KLICS)
  • 2006
    5
    Guideline of protecting personal credit information enacted and implemented
    4
    System that encourages solicitors to acquire indirect investment securities introduced
  • 2005
    12
    Mr. Hun Namkoong inaugurated as the 30th KLIA chairman
    5
    Enforces Regulation on Life Insurance Advertisement Practices
    4
    Service that checks the deceaseds insurance ownership began
  • 2004
    8
    Third insurance solicitor registration system initiated
  • 2003
    9
    Integrated online solicitor management system established
    8
    Enforces Bancassurance
  • 2002
    12
    Service that discloses prices of insurance products and comparison of annuity products initiated on KLIA homepage
    11
    The first life insurance underwriter qualification test conducted
    10
    System that checks a living persons insurance ownership firstly in operation
    10
    The first insurance financial planner (IFP) qualification test conducted
    6
    New product deliberation committee firstly granted exclusive sales rights to newly-developed products
  • 2001
    12
    An agreement on protecting the rights and benefits of developing new life insurance products initiated
    6
    The first qualification test for variable life sales conducted
    1
    Business management indicators disclosed on KLIA website
  • 2000
    12
    Removed an agreement that bans scouting solicitors from other insurers and initiated an alternative improvement plan
    12
    Provides the inquiry service of dormant insurance policy via its web site
    10
    The first advanced solicitor qualification test conducted
    2
    Provides the inquiry service of dormant insurance policy via its web site
    2
    The first advanced solicitor qualification test conducted
  • 1999
    11
    Mr. Chan-Byeong Bae inaugurated as the 29th KLIA chairman
    5
    Criteria on disclosing business management indicators enacted and implemented
  • 1998
    7
    KLIA was designated as one of the individual credit information collection agency
  • 1997
    12
    Revises the `Law on Depositor Protection` to integrate Deposit insurance organizations established and operated in each financial service business
    10
    Information system firstly in operation that checks whether a customer already purchased similar high-paying products
    7
    Revised and implemented an agreement to maintain fair competition in the insurance industry
  • 1995
    7
    Operates the Insurance Contract Inquiry System(ICIS)
  • 1993
    11
    Mr. Gang-Hwan Lee inaugurated as the 28th KLIA chairman
  • 1991
    1
    The public-interest promotion committee established
    1
    Implements an industry-joint public welfare project
  • 1990
    4
    The insurance economic research center newly established
  • 1989
    6
    Ministry of Finance enacts Regulaton on Management of Protection Deposit
    4
    Mr. So-Yeong Jung inaugurated as the 27th KLIA chairman
  • 1988
    11
    The first advanced solicitor qualification test conducted
  • 1987
    6
    Mr. Dae-Yong Lee inaugurated as the 26th KLIA chairman
  • 1984
    12
    The first intermediary solicitor qualification test conducted
  • 1982
    3
    The first life insurance health care seminar hosted
  • 1981
    6
    Mr. Seung-Tae Jang inaugurated as the 25th KLIA chairman
  • 1979
    6
    Mr. Jae-Ho Gil inaugurated as the 24th KLIA chairman
    3
    From 23rd chairman Im-Geun Oh, KLIA chairman became a full-time position, which had been a part-time position
  • 1978
    8
    Signed an agreement with life and non-life insurers to improve insurance solicitation orders
  • 1977
    6
    Regulation on solicitor qualification test enacted
    1
    Ministry of Finance designates 1977 as the `Year of Insurance`
  • 1976
    4
    Enacts Regulation on Standard policy Provisions
  • 1975
    5
    Deliberation of granting license to insurance products began
  • 1974
    2
    Signed and implemented an agreement with life insurers to improve insurance solicitation orders
  • 1972
    11
    <Life Insurance Fact Book> firstly published
    2
    Performs a test for solicitor registration
  • 1969
    10
    Life insurance solicitors registration and management work transferred to the KLIA from the Finance Ministry
  • 1968
    11
    Designated Nov 21th as the Insurance Day and hosted the first event
  • 1966
    12
    The Insurance Solicitation Committee established
  • 1962
    1
    The Gov`t enacts Insurance Business Law and Insurance Solicitation Control Law
  • 1960
    2
    Renamed as Korea Life Insurance Association
  • 1950
    2
    Established in the name of Chosun Life Insurance Association