- Benefit
- A 12% credit on premiums paid for basic deduction persons for protection-type insurance such as life and injury insurance, up to KRW 1,000,000 per year (maximum KRW 120,000). For protection-type insurance dedicated to persons with disabilities, where the insured and beneficiary is a person with a disability, 15% up to KRW 1,000,000 per year (maximum KRW 150,000). Savings-type insurance premiums are not covered.
- Who is eligible
- Employees who paid premiums for themselves and for basic deduction persons
- When to apply
- Year-end tax settlement (January-February)
- How to apply
- Premiums are looked up automatically on the Hometax simplified service
- Important notes
- Premiums paid during the year
- Note
- General protection-type insurance and disability-dedicated insurance each have their own KRW 1,000,000 limit. National health insurance and employment insurance premiums are covered by a separate income deduction.
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.