There are two foreigner insurance policies, what's the difference?

As a foreign graduate student in Korea, you will need to manage two types of insurance:

1. National Health Insurance:

 - Enrollment: You will be automatically enrolled in the National Health Insurance after six months of living in Korea.

 - Coverage: It covers most medical services, but some detailed dental care might be excluded.

 - Premium: The monthly premium is approximately 75,000 KRW. You can manage this through your monthly stipend.

 - Important: It’s crucial to keep up with these payments to avoid any impact on your visa status. Setting up an automatic monthly deduction from your bank account on the 25th of each month can help ensure your insurance remains current.

2. University-Provided Private Insurance:

 - Requirement: This insurance is mandatory for all international students at Hanyang University.

 - Premium: The cost is 25,000 KRW per semester.

 - Purpose: This insurance covers gaps not addressed by the National Health Insurance, such as workplace injuries or death compensation. It’s required due to regulations from the Ministry of Justice and the Ministry of Education to ensure adequate coverage for unforeseen accidents.

By managing both insurance types, you can ensure comprehensive coverage during your studies in Korea.