Samsung Fire & Marine Insurance Launches 'My Little Partner' Covering Children's Atopy to Maternal Diabetes

Samsung Fire & Marine Insurance announced on the 26th that it has launched a new child insurance product called 'My Little Partner'.

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 26th that it has launched a new child insurance product called 'My Little Partner.'

It is available for subscription from fetus to age 30, with insurance periods selectable for 30, 40, or 50 years. Even after maturity, coverage can be extended automatically up to age 100 through renewal.

For fetal subscription, new special contracts have been established for atopic dermatitis diagnosis and cochlear implant surgery. Additionally, coverage has been added for congenital diseases under guarantees such as disease hospitalization and surgery expenses.

Coverage for expectant mothers subscribing to fetal insurance has also been expanded. For gestational diabetes and premature placental abruption diagnoses, which many pregnant women worry about during pregnancy, compensation of up to 300,000 KRW and 1,000,000 KRW respectively is provided.

A new extended premium waiver product is also introduced. Even after renewal, the premium waiver benefits before renewal can still be applied. Typically, if a premium waiver reason occurs, the waiver applies only until renewal, and premiums must be paid again after renewal.

A Samsung Fire & Marine Insurance official stated, "We aimed to broaden the range of special contract options for various customers who want to subscribe to child insurance from fetus to age 30," adding, "We will continue to strive to introduce insurance products that customers need."