Types of Insurance

1. Fire insurance An insurance product by which to make compensations for the damages caused by fire (including thunderstorm), damages caused while extinguishing fire, and damages caused while escaping from fires and other damages caused by the risks against which insurance was established by special agreements. Coverage Damages caused by fire (including thunderstorm) Damages caused while extinguishing fire (including thunderstorm) Damages caused while escaping from fires (including thunderstorm): Damages caused by fire during 5 days in refuge Explosion and ruptures risks: Fire on house fire is covered by general agreement, while general fire and factory fire are covered by special agreement. Coverage by special agreements: Electricity risks, wind and flood disaster, damages caused by riot or labor disputes

2. Package insurance An insurance product by which to cover the risks of fire that is covered in the general agreement for the existing fire insurance and to cover automatically all risks for the special fire insurance agreement such as wind and flood damages, explosion, earthquake, and theft, through the general agreement, but also to cover comprehensively all other risks of accidental assets damages excluding some of the exemption risks. Coverage Damages caused by natural disaster such as fire, thunderstorm, explosion, earthquake, or volcano Damages caused by abnormal weather conditions such as flood, tidal wave, wind, hailstorm Damages caused by theft, robbery, explosive sound, or smoke Damages caused by other disruptive acts and malicious acts

3. Cargo insurance An insurance product that covers all the risks caused during the inland, marine and air transportation. It covers all the risks associated with the losses or damages, however, it does not cover losses, damages or expenses caused by the delay, intrinsic defects or intrinsic nature of the insurance articles. Insurance premium is paid without application of the exemption rate, that is all the damages, caused by external elements and accidental, inflicted during the insurance period as to the coverage of the insurance are covered without any exemption rate. Coverage Losses and damages caused to the cargoes by sinking, stranding, collision, explosion, fire of the transportation vehicles Losses and damages caused to the cargoes by bad weather conditions Joint damage security War and walkout risk security Losses caused by other risks

4. Contractor's all risks insurance An insurance product that comprehensively covers any material damages caused to the objects of the construction works, building materials for the construction works, and temporary construction works by unexpected accidents during the civil and construction works, as well as other indemnity damages to any third parties. Coverage Accidents caused by misoperations while in construction works Accidents related to fire, thunderstorm or explosion Natural disaster such as windstorm, typhoon, and flood All accidents not determined as immune Liabilities against other's assets or bodies

5. Erection all risks insurance An insurance product that comprehensively covers any material damages caused to the objects of the works by the unexpected accidents while in the process of various assembling works for such as individual machineries, plants, as well as damages caused by the works to the assets or bodies of any third parties. Coverage Natural disasters caused by rainstorm, flood, inundation, or rainfall Damages caused by fire, explosion, or thunderstorm Defects associated with the assembly All accidents not determined as immune Liabilities against other's assets or bodies

6. Machinery insurance An insurance product through which to make compensation for the expenses associated with repair, substitution or replacement in case when any losses were caused due to unexpected accidents to the machineries and equipment while in operation or in recession. Coverage Breakage caused by defects associated with casting, materials, design, manufacturing, and fabrication Damages caused by mishandling, lack of techniques and attention of employees Damages caused by over/negative voltage, defects in insulators, short circuit, electric leak or discharge Damages caused by physical explosion, rupture, or centrifugal force All accidents not determined as immune 7 . Products liability insurance An insurance product to compensate the legal indemnity liabilities in case when the consumers of the insurer's products inflicted any material or personal damages caused by any defects of the products. 8. Transport insurance An insurance product that covers all the risks associated with the inland transportation, domestically or in any third country. Coverage Losses and damages caused to cargoes by subversion, derail, fall, fire, or explosion Damages caused by all other risks

9. Hull insurance An insurance product that covers all the risks associated with the operation or building of ships Coverage Physical losses and damages caused to the hull and engines, indemnity obligations, and expenses War and general strike risk security Risk security as against the building and test operation of vessels Security against loss due to inoperative vessels 10. Accident insurance An insurance product that covers any injuries caused to the body, domestically or abroad, a product for the modern human beings who are mostly involved in commuting to and from workplace, business trip, travel, sports, mountain climbing, fishing, skiing. It covers the risks involved not only domestically but also abroad, and individuals are also eligible for the insurance product. Depending upon the mode of payment of insurance fees, the product is divided into two types, the first being the pure guaranty-type in which insurance fees are paid once a year and insurance premium paid back at once as in the case of automobile insurance, and the other being savings-type in which insurance fees are paid regularly and a certain amount to be paid back at the maturity.