SFMI considers environmental impact in developing insurance products and services.
As part of our effort to address environmental risks due to climate changes we embed environmental issues in our product and service development. We are committed to providing personal and corporate customers with protection and compensation for the damages caused by climate change. We offer eco–friendly products such as : Storm & Flood Insurance, Weather Insurance and Mileage Auto Insurance.
| Insurance Type | Product & Service | Details |
|---|---|---|
| Commercial (General), Long–term Insurance | Storm & Flood Insurance | Insurance coverage for damages caused by extreme weather : agricultural facilities, green house |
| Crop Insurance | Insurance coverage for agricultural produce damages From natural disasters | |
| Environmental Pollution Liability Insurance | Coverage for restoration costs due to damages and contamination from pollution accidents | |
| Weather Insurance | Insurance coverage for profit losses caused by abnormal weather conditions | |
| Livestock Disaster Insurance | Compensation for damage caused by natural disaster, fire, accident, or disease on 16 kinds of livestock | |
| Automobile Insurance | Eco-mileage Auto Insurance Rider | Discount of premiums if the insured drives the car as per agreed mileage(to encourage the use of public transport) |
| Auto Insurance Rider for Driving on Designated Days | Discount of premiums for participants in no–driving one designated day of the week(to encourage the use of public transport) | |
| Auto Insurance for Used Parts | Partial refund on new vehicle parts for drivers using used parts for car repair | |
| Paperless Service |
Electronic contracts | Discount of premiums for customers opting to receive electronic terms of conditions and bills, and donation to environmental organizations |
| Electronic signatures | Introduction of electronic signature to reduce use of paper contracts |