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Benefits from toughened loan regulations limited for insurers Posted : 2021-06-27 15:44 By Lee Kyung-min Insurers are not likely to see a major benefit from a tightened lending rule defined by the implementation of the debt-service ratio (DSR), since they offer higher borrowing rates than commercial lenders. The new rule, set to take effect Thursday, stipulates a 60 percent cap on the DSR for insurers that have long been known to charge higher rates for low-credit borrowers, whereas the cap is 40 percent for commercial lenders that have a customer base with higher credit and stronger ability to pay back. This new rule came despite expectations that the difference of 20 percentage points in the amount borrowable would result in a ballooning effect, as characterized by people being pushed to choose insurers after having the total amount of loans reduced due to the 40 percent cap.

South koreaFinancial services commissionKorea life insurance associationKorea federation of banksKorea timesKorea federationதெற்கு கொரியாநிதி சேவைகள் தரகுகொரியா வாழ்க்கை காப்பீடு சங்கம்கொரியா கூட்டமைப்பு ஆஃப் வங்கிகள்கொரியா முறைகொரியா கூட்டமைப்பு