Mirae Asset Life Launches 'Health Age Application Rider' Offering Premium Discounts Based on Health Age

[Asia Economy Reporter Changhwan Lee] Mirae Asset Life Insurance announced on the 3rd that it has launched the ‘Health Age Application Rider,’ which offers premium discounts by applying health age.

The ‘Health Age Application Rider’ calculates the health age annually based on health checkup results registered with the National Health Insurance Service and applies it to the premium if the health age is lower than the actual age.

The premium is discounted by 2% for each year difference, up to a maximum of 10%. Customers whose health age is at least 5 years younger than their actual age can enjoy a total premium discount benefit of 10% for up to 5 years.

This rider is a system-based rider with no additional premium, and Mirae Asset Life Insurance provides customized supplements using health data in addition to the premium discount benefits.

Regardless of the health age, subscribers to the rider can receive a 15-day supply of ‘Pilgram Customized Supplements’ free of charge.

After applying for the rider and completing identity verification, information inquiry with the National Health Insurance Service and the Health Insurance Review & Assessment Service, and a medical questionnaire, AI (artificial intelligence) prescribes personalized supplements based on individual medical information using big data algorithms.

Supplement applications can be conveniently processed via mobile through notification messages for Mirae Asset Life Insurance subscribers.

The ‘Healthcare Comprehensive Protection Insurance’ by Mirae Asset Life Insurance, which includes the ‘Health Age Application Rider,’ is a flexible product that allows customers to freely design the necessary coverage at their desired premium level by utilizing the main contract and over 110 types of riders.

The company explained that it is a popular product with positive consumer responses because it enables comprehensive and detailed coverage tailored to the ‘My Own Product’ concept.

Oh Eunsang, Head of Product Development at Mirae Asset Life Insurance, stated, “Mirae Asset Life Insurance launched this rider reflecting consumers’ increased interest in healthcare by systematically managing everything from disease prevention to insurance for treatment,” and added, “We hope many customers will build optimized protection assets using the ‘Healthcare Comprehensive Protection Insurance’ to lay the foundation for a happy retirement plan.”