MainContent Link

메인콘텐츠

For Our name
to become a part of your life

For Our name to become a part of your life

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"desktop"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"image-uclyebz1x":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":29,"originalHeight":22,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-u28evlsxr":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":37,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-upx1vgytw":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":29,"originalHeight":22,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-ube74ve1h":{"type":"image","settingName":"image","image":{"sizeType":"auto","originalWidth":40,"originalHeight":21,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"}}}

CEO MESSAGE

Munkuk Cheong, president & CEO OrangeLife insurance

OrangeLife lead customers' financial life with continued innovation and growth

Orange Life Insurance, Ltd. (OrangeLife) has been keeping pace with the development and growth of the life insurance industry in Korea ever since its establishment in 1987.

We successfully listed our shares on the Korea Composite Stock Price Index (KOSPI) market in 2017 on the 30th anniversary of our foundation, and we grew into a leading insurance company in Korea by our long-standing business know-how and expertise and unrivaled capital strength.

OrangeLife is transforming itself into a young and active customer-centric organization that innovates on its own by changes through to restructuring of the Agile organization and launched the Korea’s first low cash surrender value whole life insurance product and patented 'iTOM', a customer management-centric sales support system.

In the future, we will do our best to become the leader in change for the customers and the Korean insurance industry, breaking the existing framework under the mission of continued innovation and growth.

Under the mission "Lead customers' financial life with continued innovation and growth", we will break the existing framework and become the leader in the change for the customers and the Korean insurance industry.

As a company growing together with its customers, shareholders and local societies, we will continue to pave the way for sustainable growth focused on embedded value.

Your continued support would be most appreciated for our ‘quantum leap’ towards a brighter future.

Thank you.

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"0px"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"image-ugznivao7":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":347,"originalHeight":485,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-u4j0wgjm3":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":29,"originalHeight":22,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-ucoamly2k":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":29,"originalHeight":22,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"}}}

BUSINESS PHILOSOPHY

Optimal Balance - Growth, profitabilty, risk&capital management, efficiency

GROWTH

Maintain strong VNB growth by expanding protection APE

Increase the strengths of our best-in-class FC channel

Diversify our distribution channels to include BA and GA channels

PROFITABILITY

Improve investment profits by diversifying investment under our ALM principles

Improve underwriting profit through efficient use of expenses and loss ratio improvement

EFFICIENCY

Continue to improve cost efficiency through digitalization

Manage loss ratio and persistency rates to remain stable

Maximize shareholder returns by improving ROE

RISK & CAPITAL MANAGEMENT

Manage risks to the global standard

Maintain our optimum capital structure

Maximize shareholder value including a strong dividend policy

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"10px"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"image-ug40fldhk":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":749,"originalHeight":279,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"}}}

SOCIAL RESPONSIBILITY

OrangeLife is deeply aware of being a responsible member of the community and is committed to creating a better future society.

Orange Hope House

This program, operated by employee volunteers, involves providing a healthier and safer place for children by making improvements to the facilities and study rooms that are used by underprivileged children and mentoring career paths.

Orange Talent Class

OrangeLife runs an annual sports talent class to support children and youth in vulnerable to move forward their dreams.

Orange Scholarship Program

This program supports scholarships according to the level of talent development. It systematically supports 'Dream Search Scholarship' and 'Dreaming Scholarship' so that children can grow up to represent Korea.

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"desktop"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"image-uxnt71gox":{"type":"image","settingName":"image","image":{"sizeType":"custom","originalWidth":360,"originalHeight":240,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-umuooswsb":{"type":"image","settingName":"image","image":{"sizeType":"custom","originalWidth":360,"originalHeight":240,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-uyma8yp8a":{"type":"image","settingName":"image","image":{"sizeType":"custom","originalWidth":360,"originalHeight":240,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"}}}

BUSINESS AREAS

OrangeLife provides a broad range of insurance products including protection, annuity, variable products and corporate pension via multi channels such as financial consultant, Bank, GA.

Products

PROTECTION

OrangeLife can help you protect your family and yourself from financial loss

ANNUITY

OrangeLife's annuity products are the answer to your financial future with safety and stability

VARIABLE PRODUCTS

Variable products are long-term investments designed for retirement planning. Our expertise in managing wealth for individuals at all of their life stages ensures that we have products to suit your financial and personal situation whatever your objective of financial planning may be

Channels

Tided Agency

Tided Agency can help you protect your family and yourself from financial loss

Bancassuarance

Provides saving plans in an easy and simple manner at any nearest bank branch across the nation.

General Agency

A General Agent (commonly referred to as a GA) is an insurance agency which partners with various insurance companies to market and distribute their products to agents and brokers. OrangeLife enters GA market based on expertise insurance business.

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"10px"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"image-ulfot5hss":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-ueiv6v9xa":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-u3xv94ku7":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-uikwi5sa6":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-ug1i2w5i7":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"},"image-uyrid80ju":{"type":"image","settingName":"image","image":{"sizeType":"original","originalWidth":70,"originalHeight":70,"widthUnit":"px"},"setting":{"maintainRatio":true},"theme":"none"}}}

HISTORY

  • HISTORY

    2010

    Received the 'Consumer Trust Grand Prize' at the Consumer Interests
    Promotion Management Awards.

    2011

    Received an award in
    the ‘Cultural Activity
    Support’ category at the
    Happiness Plus Social
    Contribution Awards

    2012

    Chosen as ‘Korea’s Most
    Ethical Company’ by
    Fortune Korea

    2013

    Received ‘AAA’ rating for
    seven consecutive years
    in the Insurer Financial
    Strength Rating of Korea
    Ratings

    2014

    Received the ‘Innovation
    Grand Prize’ at the
    Smart App Awards held
    by the Korea Internet
    Professional Association

    2015

    Launched the Brave Orange Whole Life Insurance – the industry’s first low cash surrender value product with lower premium

    Received an exclusive license to the Brave Orange Whole Life Insurance from the New Product Deliberation Committee of the Korea Life Insurance Association

    Received the ‘Financial Supervisory Commission Chairman Award’ on the 9th Anti-Money Laundering Day

    The Brave Orange Whole Life Insurance received the ‘Grand Prize’ at the 2015 Best New Financial Products held by the Financial Supervisory Service

    2016

    Received the Anti-Money Laundering Award by the Prime Minister on the 10th Anti-Money Laundering Day

    Opened the ‘WM Center’ in Gangnam, Seoul

    Chosen at the Big Data Analysis Strategy Model Contest for the ‘2016 Pilot Project on Smart Services Using Big Data’ of the Ministry of Science, ICT and Future Planning and the National Information Society Agency

    The Brave Orange Whole Life Insurance attained a ‘Financial Product Service Consumer Quality Certification’ from the Korea Finance Consumer Federation

    Introduced the industry’s first Robo-Advisor Fund

    Launched ‘iTOM’, a customer management-centric tablet-based sales activity management application ING Life Insurance Korea years of innovation 30

    2017

    30th anniversary of the founding of ING Life Insurance Korea

    Listed on KOSPI (as #079440.KS)

    Received an exclusive license to the Non-Par ING Good Start Variable Whole Life Insurance from the New Product Deliberation Committee of the Korea Life Insurance Association

    Chosen as ‘Korea’s Best Call Center in 2017’ in the call center category of the Korean Service Quality Index for 13 consecutive years

    Received the Anti-Money Laundering Award by the Financial Services Commission (FSC) Chairman on the 11th Anti-Money Laundering Day

    Received the Grand Prize ‘Financial Supervisory Service Governor Award’ at the 6th Financial Consumer Protection Awards

    Received the Herald Economic Daily Grand Prize ‘FSC Chairman Award’ in Insurance Business

    • 2017

      2017

      30th anniversary of the founding of ING Life Insurance Korea Listed on KOSPI (as #079440.KS) Received an exclusive license to the Non-Par ING Good Start Variable Whole Life Insurance from the New Product Deliberation Committee of the Korea Life Insurance Association Chosen as ‘Korea’s Best Call Center in 2017’ in the call center category of the Korean Service Quality Index for 13 consecutive years Received the Anti-Money Laundering Award by the Financial Services Commission (FSC) Chairman on the 11th Anti-Money Laundering Day Received the Grand Prize ‘Financial Supervisory Service Governor Award’ at the 6th Financial Consumer Protection Awards Received the Herald Economic Daily Grand Prize ‘FSC Chairman Award’ in Insurance Business

    • 2016

      2016

      Received the Anti-Money Laundering Award by the Prime Minister on the 10th Anti-Money Laundering Day Opened the ‘WM Center’ in Gangnam, Seoul Chosen at the Big Data Analysis Strategy Model Contest for the ‘2016 Pilot Project on Smart Services Using Big Data’ of the Ministry of Science, ICT and Future Planning and the National Information Society Agency The Brave Orange Whole Life Insurance attained a ‘Financial Product Service Consumer Quality Certification’ from the Korea Finance Consumer Federation Introduced the industry’s first Robo-Advisor Fund Launched ‘iTOM’, a customer management - -centric tablet-based sales activity management application ING Life Insurance Korea years of innovation 30

    • 2015

      2015

      Launched the Brave Orange Whole Life Insurance – the industry’s first low cash surrender value product with lower premium Received an exclusive license to the Brave Orange Whole Life Insurance from the New Product Deliberation Committee of the Korea Life Insurance Association Received the ‘Financial Supervisory Commission Chairman Award’ on the 9th Anti-Money Laundering Day The Brave Orange Whole Life Insurance received the ‘Grand Prize’ at the 2015 Best New Financial Products held by the Financial Supervisory Service

    • 2010 - 2014

      2014

      Received the ‘Innovation
      Grand Prize’ at the
      Smart App Awards held
      by the Korea Internet
      Professional Association

      2013

      Received ‘AAA’ rating for
      seven consecutive years
      in the Insurer Financial
      Strength Rating of Korea
      Ratings

      2012

      Chosen as ‘Korea’s Most
      Ethical Company’ by
      Fortune Korea

      2011

      Received an award in
      the ‘Cultural Activity
      Support’ category at the
      Happiness Plus Social
      Contribution Awards

      2010

      Received the 'Consumer Trust Grand Prize' at the Consumer Interests
      Promotion Management Awards.

  • HISTORY

    1987

    Started its business
    under the name of
    Life Insurance Company
    of Georgia

    1991

    Life Insurance Company
    of Georgia changed its
    name to Netherlands
    Life Insurance

    1998

    Chosen as the best
    company in a business
    evaluation conducted
    by the Insurance
    Supervisory Board

    1999

    Changed company name
    to ING Life Insurance
    Korea

    2000

    Became the first to
    receive an ‘A (Excellent)’
    rating from A.M.Best
    among Korean life
    insurers

    2001

    Maintained the highest
    premium income growth
    rate in the industry for
    three consecutive years

    2003

    Annual premium income
    exceeded KRW 1 trillion

    2004

    Became the fourth
    largest life insurer in
    Korea based on premium
    income

    2005

    New policies exceeded
    one million

    2006

    Received the
    ‘Anti-Corruption Merit
    Commendation’ in the
    group category from
    the Korea Independent
    Commission Against
    Corruption

    2007

    Relocated corporate
    headquarters to the
    ‘ING Center’, located in
    Jung-gu, Seoul, Korea

    2008

    Received the ‘Silver
    Tower Order of Industrial
    Service Merit’ from the
    Ministry of Knowledge
    Economy

    2009

    Received the ‘Industrial Service Medal for Attracting Foreign Investors’ from the Ministry of Knowledge Economy

    • 2007 - 2009

      2009

      Received the ‘Industrial Service Medal for Attracting Foreign Investors’ from the Ministry of Knowledge Economy

      2008

      Received the ‘Silver Tower Order of Industrial
      Service Merit’ from the Ministry of Knowledge
      Economy

      2007

      Relocated corporate headquarters to the
      ‘ING Center’, located in Jung-gu, Seoul, Korea

    • 2004 - 2006

      2006

      Received the
      ‘Anti-Corruption Merit
      Commendation’ in the
      group category from
      the Korea Independent
      Commission Against
      Corruption

      2005

      New policies exceeded
      one million

      2004

      Became the fourth
      largest life insurer in
      Korea based on premium
      income

    • 1999 - 2003

      2003

      Annual premium income
      exceeded KRW 1 trillion

      2001

      Maintained the highest
      premium income growth
      rate in the industry for
      three consecutive years

      2000

      Became the first to
      receive an ‘A (Excellent)’
      rating from A.M.Best
      among Korean life
      insurers

      1999

      Changed company name
      to ING Life Insurance
      Korea

    • 1987 - 1998

      1998

      Chosen as the best
      company in a business
      evaluation conducted
      by the Insurance
      Supervisory Board

      1991

      Life Insurance Company
      of Georgia changed its
      name to Netherlands
      Life Insurance

      1987

      Started its business
      under the name of
      Life Insurance Company
      of Georgia

{"type":"page","settingURL":"./pages/page_setting.html","theme":"homepage","editView":"desktop","desktop":{"width":"100%","padding":{"top":"0","bottom":"0","left":"0","right":"0"},"responsive":false},"version":"2.0.0","tablet":{"width":"768px","padding":"desktop"},"mobile":{"width":"100%","padding":"desktop"},"backgroundColor":"Not Specified","styles":{"font":{"size":""},"lineHeight":""},"components":{"tab-uu5k7caz1":{"type":"tab","settingName":"tab","defaultTabIndex":0,"link":{"use":[false,false],"url":["#","#"]},"fullWidth":true,"defaultTabIndexServerVar":"","theme":"none history_tab"},"layout-uedhni7oe":{"type":"layout","settingName":"accordion","theme":"history_acc"},"layout-ul7hxidyb":{"type":"layout","settingName":"accordion","theme":"history_acc"}}}