Title : Postage Stamp in Commemoration of the Value of Policies in Force of National Life Insurance Topping 100 Billion Won
Stamp Serial#
1023 
KPC#
C-731 
MICHEL#
1049 
StanGib#
1248 
Scott#
1041 
Date of Issue
07/01/1976 
Quantity
3,000,000 
Denomination
20 Won 
Design
Insurance and stable living 
Designer
Chun, Hee Han 
Image Area
23mmí┐33mm 
Perforation
13 
Sheet Composition
4í┐5 
Paper
White unwatermarked
Print
Government Printing & Mint Agency of the Republic of Koera 
Description
National Life Insurance Service managed and controlled by the Ministry of Communications recorded its value of policies in force up to 100 billion won on April 30, 1976.

In this country the National Life Insurance Law was for the first time promulgated on December 16, 1952 and since the year of 1962 when our national economy began to develop rapidly, the insurance service has also grown at the rate of 40% annually.

This service has contributed greatly to the mobilization of domestic capital which was needed for the national economic development and to securing the social welfare. Being basically nonprofit enterprise and initially designed to promote public welfare and stand living, this service includes six kinds of insurances such as whole life, endowment, education, vocation, independence and welfare.

Having determined to offer ceaselessly a barter conditioned policy and better service to the public, the Ministry is issuing, on the occasion of the value of policies in force reaches the 100 billion won level, a commemorative postage stamp.