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Business Topic

Insurance Effect

Start of the insurance validity:

  1. When the insured unit gives notice to the insurer (the Bureau) on the date on which the worker becomes a member or starts training, The validity of the insurance shall be calculated from 00:00 on the day of notification.
  2. When the insured unit gives notice to the insurer on a date other than the date on which the worker becomes a member or starts training, The validity of the insurance will be calculated from 0:00 on the next day after the notification.

Termination of the insurance validity:

  1. If the insured unit informs the insurer (the Bureau) on the day when the employee resigns or withdraws from the association, the insurance will be terminated at 24:00 on the day of notification.
  2. If the insured unit does not notify the insurer on the day the employee resigns or withdraws from the association, the insurance will be terminated at 24:00 on the day of resignation or withdrawal.
  3. If the worker has not resigned or withdrawn from the association and the insured unit handles the withdrawal from the insurance, the insurance will be terminated at 24:00 on the day of notification.
Last Update:2022-09-14
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