BNP Paribas Cardif Life Insurance
BNP Paribas Cardif Life Insurance is the life insurance subsidiary of BNP Paribas Cardif in Korea, the insurance arm of BNP Paribas. The company was established as a joint venture between BNP Paribas Cardif and Shinhan Financial Group in October 2002. Currently, BNP Paribas Cardif owns about 85% of the company and Shinhan Bank owns about 15% (as of Jan, 2021).
After surpassing break-even point in three years since its establishment through a unique business model anchored in partnerships and effective business management, the company has offered innovative, customer and partner-oriented insurance products and services via bancassurance partners, General Agency and a mortgage outsourcing company.
Product Offering (As of Jan, 2021)
- Savings: Variable Life Insurance (Variable Saving Insurance / Variable Annuity Insurance)
- Protection: Term Life Insurance, Health Insurance, Cancer Insurance, Creditor Insurance, Personal Accident Insurance
Bancassurance Partners (As of Jan, 2021)
- Banks: Shinhan Bank, Citi Bank Korea, Standard Chartered Bank Korea, KB Kookmin Bank, Woori Bank, Hana Bank, NH Nonghyup Bank, Daegu Bank, Busan Bank, Jeju Bank, Kbank
- Securities: Shinhan Investment Corp., Mirae Asset Daewoo, Hana Financial Investment, Hanwha Investment & Securities Co., Yuanta Securities