Article entry 2023-03-27 01:00:00
Editing Article 2023-03-26 20:03:33
Hanwha Life Insurance recently launched ‘Hanwha Life Insurance G1 Health Whole Life Insurance’, which provides intensive coverage for the three main causes of death in Korea.
This cover includes a ‘cancer type of cover’ and a ‘brain and heart type of cover’. It is a structure where death benefits can be paid in advance when a diagnosis of the disease occurs. In the case of type 1 (general subscription type), up to 200 million won for cancer protection type and 100 million won for brain and heart protection type are available.
‘Hanwha Life Insurance G1 Health Whole Life Insurance’ provides intensive coverage for three major adult diseases, including cancer, brain and cardiovascular disease, and raises the maximum subscription age. Provided by Hanwha Life Insurance
The main features of the product are the expansion of cancer, brain and cardiovascular guarantees, non-renewal of special contracts for post-disease (3-100%), the establishment of a simple subscription type, and the expansion of the subscription age. In the brain and heart protection type under the main contract, collateral was expanded to include not only cerebral hemorrhage and acute myocardial infarction, but also specific cerebrovascular diseases (cerebral infarction, etc.) and specific ischemic disease of the heart (angina pectoris). In the special contract for some three major cancer guarantees, up to 50 million won is guaranteed unconditionally related to general cancer in the diagnosis of intramucosal cancer of the colon and rectum.
In addition to the general subscription type, this product has a simple subscription type, so people with diseases can also subscribe. The maximum age for registration has been raised by around 10 years. It is an explanation that reflects the trend that the prospect of underwriting insurance among people with diseases and elderly consumers is growing as the aging of the population deepens.
The company expects to increase customer understanding and accessibility of the product by providing a simple plan that covers cancer, brain, and cardiovascular diseases, which are the main common diseases.
Seong Yun-ho, head of the product development team at Hanwha Life Insurance, said, “In addition to the death guarantee, we have increased customer accessibility by providing intensive guarantees for the three main causes of death in Koreans,” adding, “Because it is a product that can be easily subscribed not only to healthy customers but also to customers suffering from disease, GI It is expected to receive a great response from the insurance market,” he said.
In the case of ‘Hanwha Life Insurance G1 Whole Life Insurance’, type 1 (type of general subscription), up to 56 years for men and 64 years for women can subscribe.
