Kind economy, Kwon Ae-ri reporter today (20th). Kwon, I'm talking about derivative products that are in danger of losing money. I'm not going to invest if I don't know if financial products are new products.


I have a lot of thoughts while watching this situation. Today, I would like to explain a little about a relatively new product and a financial product that has been increasing in popularity in Korea.

It's not that this product is bad. There are many advantages that may be popular, but there are risks. I would like to say that it is a product that can be lost.

Have you ever heard of 'foreign currency insurance'? In fact, it first appeared in Korea in 2003, but few years ago, few people knew it.

However, as you can see from this table presented by the Insurance Research Institute, the number of subscribers started to soar last year.

This is not the whole situation, but only the seven products sold by four life insurers. So there are actually more subscribers than this.

Foreign currency insurance is a commodity in which all the flow of money from a premium to a premium is paid in foreign currency, such as the US dollar.

If a customer leaves the money with an insurance company, the insurance company has to roll this money and make a profit. Money rolling is also mainly operated by foreign government bonds.

There are Chinese money yuan, but you want almost dollars. So 'dollar insurance' is mainly sold.


With the recent popularity of the dollar, sales of these insurance products have increased a bit.


right. We've talked about this many times here, but the world game is not good.

Especially for us, the value of our country's money has been falling since last year. It's an atmosphere that weakens the power of the circle.

Recently, the exchange rate has been rushing, but it has been a little since then. For this reason, gold has been popular recently, as you have heard a lot.

"You should have some dollars." I want to have a so-called safe asset.

In this atmosphere, this dollar insurance product has just started to increase. It is a pretty recommended product in the industry recently.

There are obviously several advantages. But it's not a 0% chance of losing money. I'm telling you today that there are quite a few people who don't know this and subscribe.

Just like a deposit, it's a product of at least the money you put in, and minus is almost nothing.


Can you talk about the pros and cons?


As the dollar is getting stronger than ours these days, I have a lot of money. And there's no tax on the profits from the exchange rate difference.

There are also tax-exempt benefits if you keep your product for more than 10 years. At low interest rates, the won is weak and it looks like dollar insurance is attractive. But this also has a complicated product structure.

Management also follows foreign bond interest rates. And depending on the exchange rate situation, there may be a situation where the principal itself is reduced.

And when I need to get a refund, if I have good strength, I might be getting less than I thought. Fees are usually higher than insurance. You must know these things.

In fact, insurance researchers have found that this insurance has become popular in Japan in recent years. But in Japan, around 60, I put a lot of retirement money.

I heard that it was a deposit and lost the money without knowing that it could lead to a loss.

I mainly sold them at the bank teller. Our country is just beginning. We also have a lot of people before and after retirement age, and we usually sell them at architects or bank counters.

However, financial companies are obliged to explain precisely the characteristics of financial instruments with risks, not deposits. You also need the attention of yourself and your family.

The Financial Supervisory Service released a note last month as foreign currency insurance is soaring in popularity. I talked about what I said today.

Insurance is a long-term product. It is good to remember that you may expect short-term gains and regret it later, when interest rates are low and the won is weak.