Check mutual aid cancellation refund (cancellation refund table)
When a consumer subscribed to a mutual aid company cancels a mutual aid product, he or she must refund an amount equal to or greater than the amount stipulated by law. Some consumers don’t know this and may get it wrong without knowing that I’ve been refunded correctly. In order to protect such consumers, the Fair Trade Commission is making sure that consumers do not suffer damage through guidance on mutual aid cancellation refunds.
Mutual aid cancellation refund
find my relative
Find My Relatives Homepage (mysangjo.go.kr) is a homepage operated by the Fair Trade Commission where you can easily view the business status and payment details of the mutual aid company you have joined.
Mutual aid cancellation refund
We provide a service called mutual aid company cancellation refund and internal funeral support. Here, as it is, it is a service that allows you to continue using the mutual aid service through other mutual aid companies even if the mutual aid company you have joined goes out of business. 상조 해약환급금
Go to the My Sangjo Help website (mysangjo.or.kr) 좋은뉴스
just like my ancestry
As it is, it is a system that allows consumers who have received damage compensation from an advance payment preservation institution due to the closure of a mutual aid company or cancellation of registration to continue using the mutual aid service without additional burden through a mutual aid company selected by the Fair Trade Commission.
100% of the total amount of the existing payment will be recognized and the participating companies will be provided with mutual aid services.
The companies that joined Hyowon Sangjo, Human Life, Hyundai S Life, Hanhyo Life, Halla Sangjo, Freed Life, JK Sangjo, Parents Love, Boram Sangjo, The People Life, THE Ribbon, Daemyung I’m Ready, Always Beside Elfon, You can move to Faculty Life and Kyunghyeon Life.
just like my ancestry
Check manual therapy cost and health insurance coverage
mutual aid contract cancellation refund
If a consumer cancels a contract after subscribing to a mutual aid product, the mutual aid company must refund an amount equal to or greater than the amount set forth in the [Announcement of Criteria for Calculation of Cancellation Refunds due to Cancellation of Prepaid Installment Agreement].
The cancellation benefit is calculated according to the formula below in the case of mutual aid paid on a regular basis.
mutual aid contract cancellation refund
You can calculate the cancellation refund more easily on the Find My Relief website.
mutual aid contract cancellation refund
Go to menu [Community]-[Estimated Cancellation Refund Calculator] page.
After filling in the one-time payment, the number of payments at maturity, and the current number of payments, click the banner button for calculating expected cancellation refund.
mutual aid contract cancellation refund
The accumulated payment, expected cancellation refund, and cancellation refund rate are calculated automatically.
There may be a difference from the actual cancellation refund due to the following reasons.
Calculation standard difference according to sign-up period (different standards apply for contracts concluded before September 1, 2011)
Calculation standard difference due to product discount, etc. (For example, if a product worth 4 million won is discounted and subscribed for 3.5 million won, the total contract price may be 3.5 million won or 4 million won depending on the details of the contract)
Changes in the details of the funeral service product due to the use of the service ‘as is my funeral service’, transfer of the funeral service contract, etc.
Misclassification of general and other funeral products (For example, a funeral service contract combined with home appliances may be other funeral products that include some home appliances in the paid price, but if it is judged as a general funeral product, the result may be different. )
In addition, errors in factors affecting the calculation of cancellation refunds, such as actual payment period and payment amount, etc.
Basic Old-age Pension eligibility and benefit amount (difference between basic pension and old-age pension)
mutual aid cancellation refund table
This is the standard cancellation refund table according to the Standard Notice for Calculation of Cancellation Refunds for Cancellation of Prepaid Installment Payment Agreement.
This is an example of refunds applied to contracts concluded after the effective date of public notice in September 2011.
mutual aid cancellation refund table
mutual aid cancellation refund table
Click on the image to see it larger.
Above, we learned about mutual aid company cancellation refunds.