Insurance Against Bullying Now Sold in South Korea

By Gerald Lynch on at

Burglary, medical expenses and name calling -- all three are things that you can now be insured for in South Korea, following the launch of an unusual new scheme in the nation.

Hyundai Marine and Fire Insurance, one of South Korea's biggest insurance firms, will be offering the policies, which will also include protection against other "social evils" including domestic violence, sexual assault and food contamination. However, the policies will not be sold to individuals, but instead offered to institutions, with successful claimants given payments towards counselling and medical costs.

Premiums will cost no more than £11 a month, per person. The policies come at a time of new-found economic security for South Koreans, and launch in the wake of several high-profile suicide cases amongst adolescents and rising depression rates. [BBC]

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