Comprehensive Coverage for Fatal Cancer and Major Diseases of Five Key Organs (Brain, Heart, Liver, Lung, Kidney)
[Asia Economy Reporter Oh Hyung-gil] NH Nonghyup Life Insurance will launch a new Lifetime Care NH Comprehensive Insurance (Non-participating) on the 5th, which covers six major diseases and body parts in Korea.
This product is designed mainly with riders, allowing customization to meet various customer needs. Customers can choose coverage for the core disease cancer and the five major body parts: ▲heart ▲brain ▲liver ▲lung ▲kidney.
Additionally, this product provides coverage for cancer and the five major body parts ranging from mild symptoms to chronic diseases. The Cancer Comprehensive Coverage Rider (renewable, non-participating) covers everything from benign neoplasms of the stomach, duodenum, and colon to cancer and hospice palliative care hospitalization due to terminal cancer. The Brain Comprehensive Coverage Rider (renewable, non-participating) covers conditions from specific hypertension to cerebrovascular diseases and cerebral hemorrhage, while the Heart Comprehensive Coverage Rider (renewable, non-participating) covers from specific arrhythmias to ischemic heart disease and acute myocardial infarction. The comprehensive coverage riders for each body part such as liver, lung, and kidney also provide detailed coverage according to the severity of symptoms.
If you subscribe to the Caregiver Support Hospitalization Rider (renewable, non-participating) (coverage amount 10 million KRW), you can receive caregiver support during hospitalization due to illness or accident. Caregivers are available 24 hours and can be easily requested by calling the caregiver service provider’s call center. If the company is unable to provide a caregiver due to unavoidable reasons, it will pay 129,000 KRW per day, which is the current standard caregiver fee, for the caregiver expenses personally incurred. If you do not wish to use a caregiver, you can receive a hospitalization benefit of 20,000 KRW per day instead.
The Specific Stress Coverage Rider (renewable, non-participating) covers hyperthyroidism, Crohn’s disease, and ulcerative colitis, and various riders such as Urinary Stone Diagnosis Rider (renewable, non-participating) and Diabetes Care Rider (renewable, non-participating) allow coverage for mild diseases as well.
The subscription age ranges from a minimum of 15 to a maximum of 75 years old, and coverage is provided up to age 105 through 15-year renewable contracts.
CEO Kim In-tae said, “We have launched a product that continuously covers from mild to severe conditions and allows customers to select only the coverage they want.” He added, “We hope that the new year will be a healthy one with solid protection.”
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