History

DB Life Insurance - No. 1 in Management Effectiveness, trusted by customers
We promise we will become an advanced insurance company boasting the best 21th century management training in the nation. We will achieve this by effective management and customer focused innovation using various product developments meeting customer needs, advanced technologies and introduction of innovative software, while maintaining our financial strengths.

2000-2023

  • 2023
    May

    Selected as Excellent Call Center for 8 consecutive years in KSQI(Korean Service Quality Index)

    and as Customer Impression Call Center for 2 consecutive years (Supervised by Korea Management Association Consultants Inc.)

    Acquired AA-(Stable) in IFSR(Insurance Financial Strength Rating)

    (Assessed by NICE Investors Service)

    April

    Received, the most in the industry, Excellent Rating in Policy Conditions Comprehensibility Evaluation for 12 times

    (Supervised by Financial Services Commission/ Operated by Korea Insurance Development Institute)

    2022
    Dec

    Total Asset 12.8 trillion won, Net Income before Tax 61.9 billion won (According to Consolidated Financial Statements)

    The only company acquired Excellent overall grade in 2022 Assessment of Financial Consumer Protection among insurers

    (Supervised by Financial Supervisory Service)

    Inducted into 2022 Korea Management Awards(Customer Satisfaction Management section) Hall of Fame

    (Supervised by Korea Management Association Consultants Inc.)

    Certified of CCM(Consumer Centered Management) for 4 consecutive years

    (Certified by Fair Trade Commission/Supervised by Korea Consumer Agency)

    2021
    Dec

    Awarded Overall Grand Prize in 2022 Korea Management Awards(Customer Satisfaction Management section) for 5 consecutive years

    (Supervised by Korea Management Association Consultants Inc.)

    2020
    Dec

    Awarded Grand Prize(Prime Minister's Commendation) in CCM(Consumer Centered Management)

    Yeong-Mann, Kim inaugurated as CEO(11th)

    2019
    Apr

    the 30th Anniversary of the founding

    Sep

    Certification of superior institutions for human resource development
    (Best-HRD)

  • 2018
    Apr

    the 29th Anniversary of the founding

    May

    Acquired AA-grade(Positive) in the assessment of premium
    payment ability by the Credit Rating Assessment for 6 yrs in a row

    Nov

    DB Life Human Resources Development Institute Award for
    Outstanding Koreans Architecture Culture Awards

    Sep.31

    Gross assets KRW 11 trilion(achieved profit for the 20th consecutive year)

  • 2017
    Apr

    the 28th Anniversary of the founding
    Launching the flagship brand 'A Hundred Years Friend'

    Nov

    Changing to DB Life Insurance Co.,Ltd.

    Dec

    Acquired '10 Years the Dream Whole Life insurance (Non-participating)' product for exclusive sale

  • 2016
    Apr

    the 27th Anniversary of the founding

    May

    Acquired AA-grade (Positive) in the assessment of premium payment ability by the Credit Rating Assessment for 4 yrs in a row

    Sep.31

    Gross assets KRW 10.4 trillion(achieved profit for the 17th consecutive year)

  • 2015
    Apr

    the 26th Anniversary of the founding

    Apr

    Rated ‘1st grade’ in Financial Supervisory Service’s customer complaint assessment in 2006, 2007, 2008, ‘2nd grade’ in 2009~2014 (except 3rd grade in 2011)

    Sep.31

    Gross assets KRW 8.9 trillion(achieved profit for the 16th consecutive year)

  • 2014
    Apr. 14

    the 25th Anniversary of the founding

    May

    Acquired AA-grade (Positive) in the assessment of premium payment ability by the NICE Credit Rating Assessment for 2 yrs in a row

    Aug.27

    10th President & CEO Tae-Oon Lee appointed

    Nov

    Awarded the grand prize in the top 100 companies for ideal work environment for 3 yrs in a row

    DEC. 31

    Gross assets KRW 8.1 trillion, premium income KRW 1.5 trillion, net profit KRW 1.9 billion (16th consecutive year profit)

  • 2013
    Mar. 30

    Gross assets KRW 7 trillion, premium income KRW 1.5 trillion, net profit KRW 2.6 billion (14th consecutive year profit)

    May. 30

    Acquired AA-grade (Positive) in the assessment of premium payment ability by the NICE Credit Rating Assessment

    Nov

    Awarded the grand prize in the top 100 companies for ideal work environment for 2 yrs in a row

    Dec. 31

    Gross assets KRW 7 trillion, premium income KRW 1.2 trillion, net profit KRW 3.2 billion (15th consecutive year profit)

  • 2012
    Oct

    2012 Awarded the grand prize in the top 100 companies for ideal work environment

    May

    Acquired A+ grade (Positive) in the assessment of premium payment ability by the NICE Credit Rating Assessment

    Mar. 30

    Gross assets KRW 6 trillion, premium income KRW 1.6 trillion, net profit KRW 3.4 billion (13th consecutive year profit)

  • 2011
    Apr

    Rated ‘1st grade’ in Financial Supervisory Service’s customer complaint assessment in 2006. 2007, 2008, “2nd grade’ in 2009, 2010

  • 2010
    Apr. 12

    Opened new insurance system

    Dec.16

    Increased capital by issuing new stock (convertible preferred stock) of KRW 120 trillion

  • 2009
    Aug. 04

    9th President & CEO Sung-Taik Lee appointed

  • 2008
    Feb. 29

    Assets passed the KRW 3 trillion mark

    Sep. 27

    Capital increased to KRW 145.3 billion following a new stock issue amounting to KRW 60.1 billion

  • 2006
    July. 01

    8th President & CEO Jae-Hong Cho appointed

  • 2004
    Jun. 10

    7th President & CEO Lee Su-il appointed

  • 2001
    Mar. 09

    Equity interest, relinquished by AXA Group, subsequently acquired by DB Group

  • 2000
    Apr. 10

    6th President & CEO Chang Gi-je appointed