The judgment of the first instance shall be modified as follows:

The defendant shall pay to the plaintiff KRW 1,346,135 as well as to November 30, 2018.

1. Basic facts

A. On November 20, 1990, the Plaintiff (CB) entered into the Green Pension Insurance Two-Class Contracts (hereinafter “instant insurance contract”) with the Defendant (D Co., Ltd.) on the following terms and conditions, and paid in full the agreed insurance premium thereafter.

The insured and beneficiaries at maturity: 10,000,000,000 bereaved family pension agreement for about 10,000,000 4,500,000 of the total amount of the insurance premium (cost) covered by the Plaintiff’s insurance contract, and the special agreement for conversion of 10,000,000 3,600 for the total amount of the insurance premium for 53,500: 10 years, and the starting date of the payment of monthly pension: November 20, 2018

B. The instant insurance contract securities (A No. 1) states as follows: “The entire amount of dividends generated each year by the commencement date of old pension payment from a special agreement added to the main contract and the main contract shall be converted to the old pension every year on the relevant day according to the terms and conditions of the special agreement for conversion of pension.”

C. According to the language and text of the insurance policy that the Plaintiff received from the Defendant’s insurance solicitor, the actual date of the instant design is March 20, 1992.

(A) Nos. 2, 8, hereinafter referred to as “instant design”) include the following:

1) Details of an old-age pension (class 2): 1.2 million won as the initial pension amount and the actual pension which is the larger of the expected pension amount (the 11th annual pension amount): The actual pension amount increased annually by the estimated price increase rate (7%) of the first pension: the amount increased annually by the increase rate of the actual price (the average urban consumer price index standard): The increased amount of the first pension.