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Calculation_of_Loss_by_Delay

Calculation_of_Loss_by_Delay

Regarding claim paid, Seoul Guarantee Insurance, from the next day of claim payment to the day all outstanding obligations are repaid in full, shall apply interest rates for delay as shown below, pursuant to the elapsed periods after the claim payment.

 

Period,Interest rate for delay
Period Interest rate for delay
The next day of claim payment ~ 30 days 6% per annum
After 30 days 9% per annum
The interest rate for delay applicable to each product will be varied according to the abovementioned range of interest rate for delay.

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