Fubon Hyundai Launches 'Zero Worry Cancer Insurance' Covering Older Adults and Those with Medical History

On the 23rd, Fubon Hyundai Life announced the launch of the 'ZERO Worry-Free Cancer Insurance,' which is available for subscription even for those who are older or have a medical history.

[Asia Economy Reporter Oh Hyung-gil] Fubon Hyundai Life announced on the 23rd that it has launched the 'ZERO Worry-Free Cancer Insurance,' which is available even for older individuals or those with a medical history.

The insurance covers cancer-related treatment costs such as cancer diagnosis benefits, chemotherapy, cancer surgery, and cancer hospitalization through cancer diagnosis benefits and special contracts, and additionally provides cancer diagnosis benefits for specific cancers (breast cancer and male and female reproductive organ-related cancers).

Through renewal, cancer diagnosis benefits can be covered up to the age of 100. Depending on the type of contract review, customers can apply through general enrollment or simplified enrollment, with simplified enrollment available for those aged 40 to 70 even if they have a medical history.

In addition to the specific cancer diagnosis special contract (mandatory additional special contract), optional special contracts include direct cancer treatment hospitalization, cancer hospitalization in nursing hospitals, cancer surgery, chemotherapy, radiation, and drug treatment, targeted anticancer drug approved treatment, cerebrovascular disease diagnosis, and ischemic heart disease diagnosis.

The coverage period can be selected between 10 and 20 years, and the premium payment period is the same as the insurance coverage period. Upon renewal conditions, coverage can be extended up to age 100 through renewal every 10 or 20 years.

For general enrollment with a main contract and specific cancer diagnosis special contract coverage amount of 20 million KRW each, a 20-year insurance period, and a 20-year premium payment period, the monthly premium for a 40-year-old male is 10,720 KRW, and for a 40-year-old female, it is 10,980 KRW.