Hanwha Life launched the 'Simple Enrollment Value Plus GI Insurance' on the 19th, which allows individuals with pre-existing conditions to enroll as long as they do not meet any of three specific criteria.
[Asia Economy Reporter Oh Hyung-gil] Hanwha Life launched the 'Simple Enrollment Practical Plus GI Insurance' on the 19th, which allows individuals with pre-existing conditions to enroll as long as they do not meet three specific criteria.
▲Hospitalization, surgery, or additional examination (re-examination) required within the last 3 months ▲Hospitalization or surgery within the last 2 years ▲Diagnosis, hospitalization, or surgery for cancer, liver cirrhosis, or chronic kidney disease undergoing dialysis within the last 5 years are conditions that, if absent, allow enrollment.
The main contract provides non-renewable coverage up to 70 million KRW for eight major diseases (cancer, cerebral hemorrhage, acute myocardial infarction, end-stage renal failure, end-stage chronic pulmonary disease, end-stage liver disease, Lou Gehrig's disease, multiple sclerosis). Additionally, if enrolled in the 'GI Payback Plus Coverage Rider,' which refunds the main contract premium upon diagnosis of any of the eight major diseases, extra coverage for these diseases is available.
In particular, for prostate cancer and breast cancer, which rank first in incidence among male and female cancers respectively, enrolling in the 'Small Amount Cancer Coverage Rider II' and 'Cancer Coverage Rider II' provides coverage up to 40 million KRW. The Targeted Anticancer Drug Approval Treatment Rider offers coverage up to 50 million KRW.
The eligible age for enrollment is from 30 to 65 years old. The monthly premium for a 40-year-old, Type 2 (70% advance payment type), with a main contract coverage amount of 30 million KRW and a 20-year payment term is 107,400 KRW for males and 91,800 KRW for females.
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