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Hanwha Life Insurance

한화생명보험

82.5Score

★★★★☆4.0

Customer satisfaction · 6.0M members

S&P: A (Stable)(2025)KIDI: #3 Life Insurer in Korea(2025)

Hanwha Life is the oldest life insurer in South Korea, founded in 1946. Part of the Hanwha Group conglomerate with total assets of approximately USD 109 billion, it is the third-largest life insurer by premium volume and holds a domestic AAA credit rating for 13+ consecutive years.

Overall Score

82.5/100

Founded

1946

Headquarters

Seoul

Type

private

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Key Metrics

Market Share

~12%

Total Assets

USD ~109B

Premium Volume

KRW ~14 trillion

Insurer Type

Supplementary life & health

Editorial Ratings

S&P: A (Stable)(2025)

Rating: A (max: AAA)

75S&P

KIDI: #3 Life Insurer in Korea(2025)

Rating: #3 Life Insurer by Premium Volume (max: #1)

90KIDI

Coverage Highlights

✓Comprehensive supplementary health plans with competitive premiums
✓Cancer and critical illness coverage
✓Savings-linked health insurance products
✓Growing digital service platform
✓Overseas presence in Vietnam, China, and Indonesia

Pros

✓Long heritage and strong domestic trust
✓Competitive premiums for supplementary health plans
✓Strong financial stability backed by Hanwha Group
✓Expanding digital services

Cons

✗Smaller market share than Samsung Life
✗International presence still developing
✗English-language services limited

Frequently Asked Questions

How long has Hanwha Life been operating?

Hanwha Life was founded in 1946 as Korea Life Insurance, making it the oldest life insurer in South Korea. It was renamed Hanwha Life in 2012 when it became part of the Hanwha Group.

What is Hanwha Life's financial strength?

Hanwha Life holds an S&P A rating and has maintained a domestic AAA credit rating for 13+ consecutive years from Korean rating agencies.

Does Hanwha Life offer supplementary health insurance?

Yes. Hanwha Life offers supplementary health plans covering cancer, critical illness, hospital expenses, and more to complement Korea's mandatory NHIS coverage.

Quick Summary

InsurerHanwha Life Insurance

Country🇰🇷 South Korea

Overall Score82.5/100

Satisfaction4.0/5

Members6.0M

Typeprivate

Founded1946

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Hyundai Marine & Fire Insurance

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