Unclaimed Insurance Money Reaches 5,189.5 Billion KRW: How to Check via Find My Insurance

Verified Facts and Reports

According to a report by Insurance Journal on October 20, 2026, data submitted by the Financial Supervisory Service to Representative Park Seong-hoon of the People Power Party, a member of the National Assembly's National Policy Committee, revealed that long-term inactive and unclaimed financial assets totaled 14,185.7 billion KRW as of the end of 2025. Unclaimed insurance benefits accounted for 5,189.5 billion KRW of this balance across approximately 940,000 accounts.

The report noted that unclaimed insurance money accumulates when policyholders fail to notice the maturity of their contracts, miss interim payouts, or lack accurate information about applicable interest rates. It also noted that financial authorities and the insurance industry have continued their campaign to return hidden insurance funds, successfully returning approximately 3,247 billion KRW to policyholders during 2025, according to data released by the Financial Services Commission in July.

Donpoong Perspective

The fact that unclaimed insurance benefits exceed 5 trillion KRW highlights how frequently policyholders miss claims in household financial management. This usually happens because policyholders overlook contracts that have matured or met the conditions for interim payouts.

Routinely reviewing contract statuses and checking for unclaimed assets is essential for household wealth preservation. Policyholders who have changed their addresses or phone numbers may have missed paper or text notifications, making it vital to use integrated lookup services to cross-check refundable balances directly.

Practical Application and Checkpoints

Consumers can verify insurance policies and claim hidden insurance money through Find My Insurance (cont.insure.or.kr), an official integrated portal jointly operated by the Korea Life Insurance Association and the General Insurance Association of Korea. First, visit the portal, complete personal authentication, and inspect the retrieved list of hidden insurance benefits and unclaimed policies. Next, if an unpaid contract is identified, enter a designated payout bank account in accordance with each insurer's disbursement procedures to complete the claim.

However, the figures cited in the report reflect long-term inactive and unclaimed financial asset balances, rather than the specific circumstances behind each individual unclaimed benefit. It is important to note that these statistics do not indicate intentional claim denials or wrongful non-payment by insurance companies.

Sources and Reference Date

• Source: Insurance Journal, published on 2026-10-20 (https://www.insjournal.co.kr/news/articleView.html?idxno=33574)
• Reference Date: The article was written on 2026-10-21, and the aggregated figures in the report are based on data as of the end of 2025.