Hana Bank has become the first bank in South Korea to sell Mirae Asset Life Insurance's Guaranteed Performance-Dividend Insurance through branches nationwide. The product, available exclusively for individual retirement pension (IRP) accounts, invests reserves in a diversified portfolio of global equities and bonds while guaranteeing fixed monthly pension payments for 20 years. Customers can enroll from age 50 with a lump-sum contribution and begin withdrawals after age 55, while those already over 55 can start payments immediately. Payments are based on a pension reference amount set when the annuity begins and continue in full even if investment losses exhaust the special account during the guarantee period. If reserves remain after 20 years, payments continue until those funds are depleted. Mirae Asset Life Insurance, which first introduced the product in South Korea, has raised more than 74 billion won, or about $54.0 million, through its own channels. Hana Bank said the offering expands its retirement-pension range beyond deposits, installment savings, funds and ETFs to include insurance that combines investment exposure with stable pension income. The move comes as baby boomer retirements increase demand for retirement-asset withdrawal strategies and reliable post-retirement cash flow. Hana Bank ranked first among South Korean banks in the Ministry of Employment and Labor's retirement pension provider evaluation for three consecutive years from 2023 to 2025.