Compare Travel Insurance in South Korea

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19 live offers compared from 19 providers, from ₩30000 /year. Updated daily.

What is travel insurance in South Korea?

Travel insurance (여행자보험) reimburses Korean travellers for losses on an overseas trip — emergency medical treatment abroad, hospitalisation, trip cancellation, flight delays, lost baggage and personal liability. With Koreans among Asia's most frequent outbound travellers, it is a widely bought short-term general-insurance product, sold as single-trip cover for one journey or annual multi-trip plans for regular flyers.

How the Korean market works

Cover is provided by non-life (general) insurers and sold online, through agents, banks, travel agencies and at the airport. Plans are tiered, with higher tiers raising medical, cancellation and baggage limits. You can usually buy up to the day before departure, and instant online purchase is standard. Optional extensions cover adventure sports, rental-car excess and specific destinations. Some credit cards include limited complimentary travel cover, though standalone policies offer far higher limits.

Benefits

Overseas medical cover — Pays hospital and treatment costs abroad, which can be very high in countries such as the US and Japan.

Emergency evacuation — Covers medically necessary evacuation and repatriation to Korea, often the costliest claim.

Trip disruption — Reimburses cancellation and curtailment for insured reasons, plus payouts for long delays.

Baggage protection — Compensation for lost, stolen or delayed luggage and personal items.

Personal liability — Covers legal costs and compensation if you accidentally injure someone or damage property abroad.

How to choose

Match the plan to your destination and activities, prioritising a high overseas-medical limit and strong evacuation cover for long-haul trips. Check sub-limits for electronics, cash and single items, and confirm how pre-existing conditions, pregnancy and adventure activities such as skiing or diving are treated. Frequent travellers usually save with an annual multi-trip plan. Always read the exclusions and the claims process before buying, and don't rely solely on card-included cover for major trips. Keep the insurer's emergency assistance number handy while travelling, and retain receipts and medical or police reports abroad, since claims for medical treatment, theft or delays typically require documented proof of the loss.

Leading providers in South Korea

The major non-life insurers lead: Samsung Fire & Marine, DB Insurance, Hyundai Marine & Fire, KB Insurance and Meritz Fire & Marine. Global names AIG Korea and AXA Korea, plus digital insurer Carrot Insurance, offer streamlined online policies. Because limits, exclusions and pricing vary, comparing plans against your specific trip and destination is the best way to find value.

What it costs

The brief shows an illustrative premium around ₩30,000, typical for a single mid-length trip with solid medical cover. Actual pricing depends on trip length, destination, traveller age and cover level — short regional trips cost less, long-haul or high-limit plans more. Annual multi-trip plans cost more upfront but work out cheaper for several trips a year.

Protections and regulation

Travel insurers are supervised by the FSC and FSS. Policy terms, exclusions and claims handling are regulated for fairness, and consumers can escalate disputes through the financial dispute-resolution system. Always verify the medical and evacuation limits are adequate for your destination's healthcare costs.

Common questions

Is my credit card's cover enough? Usually not — standalone policies offer much higher medical and evacuation limits. Single-trip or annual? Annual multi-trip pays off if you travel several times a year. Are adventure sports covered? Only with the right rider — check before activities like skiing or diving.

Travel Insurance in South Korea — FAQ