Kyobo Life Launches Simplified Health Insurance for Elderly and Chronically Ill Individuals

Kyobo Life Insurance announced on the 12th the launch of the 'Kyobo Easy Enrollment Health Insurance,' which allows elderly individuals or those with pre-existing conditions to prepare customized coverage.

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance announced on the 12th that it has launched the 'Kyobo Easy Enrollment Health Insurance,' which allows elderly or individuals with pre-existing conditions to prepare customized coverage.

Even if there are mild illnesses or past medical histories, enrollment is possible if none of the following three conditions apply: ▲hospitalization, surgery, or additional examination required within the last 3 months ▲hospitalization or surgery due to illness or accident within the last 2 years ▲diagnosis, hospitalization, or surgery due to cancer, liver cirrhosis, Parkinson's disease, Lou Gehrig's disease, or chronic kidney disease requiring dialysis within the last 5 years.

The main contract provides coverage for accidental death up to age 100. Through more than 50 riders, it covers not only the three major diseases such as cancer, cerebral hemorrhage, and acute myocardial infarction but also targeted anticancer drug-approved treatments, anticancer radiation drug treatments, cast treatments, Lou Gehrig's disease, Parkinson's disease, shingles, gout, major legally designated infectious diseases, and various hospitalizations and surgeries.

Premium payment exemption benefits are also provided upon diagnosis of cancer, cerebral hemorrhage, or acute myocardial infarction.

Enrollment is available from age 30 up to 80, with coverage lasting until age 100. Customers who enroll will receive the 'Kyobo Healthcare Service BasicⅡ,' which supports health management programs by major diseases, health consultations, hospital guidance and appointment scheduling, and treatment for the three major diseases for 20 years.

Additionally, Kyobo Life Insurance has launched the 'Kyobo Super Easy Enrollment Health Insurance' for elderly and individuals with pre-existing conditions, which allows enrollment by answering two questions.

▲No hospitalization, surgery, or additional examination required within the last 3 months ▲No history of diagnosis, hospitalization, or surgery due to cancer, angina, myocardial infarction, or stroke (cerebral hemorrhage, cerebral infarction) within the last 5 years. The main contract covers accidental death, and through 28 riders, additional coverage for various diseases and accidents is available.