Title : POSTAGE STAMP COMMEMORATIVE OF THE INAUGURATION OF COMMUNICATIONS INSURANCE
Stamp Serial#
1302 
KPC#
C-970 
MICHEL#
1327 
StanGib#
1570 
Scott#
1345 
Date of Issue
07/01/1983 
Quantity
3,000,000 
Denomination
70 won 
Design
Sunrising scene with flying swans 
Designer
Lee Boo-yeol 
Image Area
33mm*23mm 
Perforation
13 
Sheet Composition
5Ąż5 
Paper
White
Unwatermarked
Print
Government Printing & Mint Agency of the Republic of korea 
Description
The Ministry of Communications inaugurates, on July 1, 1983, a life insurance business named "Communications Insurance".

This is a new type of insurance, run by the state, which is designed solely for the welfare of the insured, with no consideration for profit. The insurance amount is limited to 10 million won for the benefit of low-income people. The contract procedure is simple so that expenses are small. The premiums are low so that as many people as possible can be benefited by the system. But the disbursements made to the policy holders are high.

Communications insurance consists of five kinds of insurance: term insurance and special guarantee insurance, both designed for cases of accidents; education insurance, designed to help parents to finance their children's education; welfare insurance; and endowment insurance, designed to help provide for one's old age.

The Ministry of Communications issues this postage stamp in commemoration of the inauguration of the "Communications Insurance", which is expected to play an important role in promoting social welfare in our country.