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Samsung Life Insurance

삼성생명보험

91.7Score

★★★★☆4.2

Customer satisfaction · 8.0M members

Moody's: Aa3(2025)Fitch: AA-(2025)KIDI: #1 Life Insurer in Korea(2025)

Samsung Life is the largest life insurer in South Korea by gross written premiums, with over 22% market share and total assets exceeding USD 236 billion. Part of the Samsung Group conglomerate, it offers comprehensive supplementary health products including cancer, critical illness, and long-term care coverage.

Overall Score

91.7/100

Founded

1957

Headquarters

Seoul

Type

private

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Key Metrics

Market Share

22%+

Total Assets

USD 236B+

Premium Volume

KRW ~25 trillion

Insurer Type

Supplementary life & health

Editorial Ratings

Moody's: Aa3(2025)

Rating: Aa3 (max: Aaa)

90Moody's

Fitch: AA-(2025)

Rating: AA- (max: AAA)

85Fitch

KIDI: #1 Life Insurer in Korea(2025)

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

100KIDI

Coverage Highlights

✓Comprehensive cancer insurance with diagnosis and treatment benefits
✓Critical illness coverage for 30+ major diseases
✓Long-term care insurance for elderly
✓Hospital cash and surgical expense riders
✓Strong digital platform for policy management

Pros

✓Market leader with unmatched brand recognition in Korea
✓Strongest financial position among Korean life insurers
✓Wide product range covering all supplementary health needs
✓Extensive agent and branch network

Cons

✗Premium pricing — not the cheapest option
✗Website and services primarily in Korean
✗Complex product structures can confuse consumers

Frequently Asked Questions

Is Samsung Life Insurance the largest insurer in South Korea?

Yes. Samsung Life is the largest life insurer in South Korea by gross written premiums, with approximately KRW 25 trillion in premiums and over 22% market share.

What supplementary health products does Samsung Life offer?

Samsung Life offers cancer insurance, critical illness coverage, long-term care insurance, hospital cash plans, and surgical expense riders to supplement the national NHIS coverage.

What is Samsung Life's financial strength rating?

Samsung Life holds a Moody's Aa3 and Fitch AA- financial strength rating, among the highest of any Korean insurer.

Does Samsung Life offer English-language services?

Samsung Life's services are primarily in Korean with limited English availability. Expats may need agent assistance for English support.

Quick Summary

InsurerSamsung Life Insurance

Country🇰🇷 South Korea

Overall Score91.7/100

Satisfaction4.2/5

Members8.0M

Typeprivate

Founded1957

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