[Asia Economy Reporter Changhwan Lee] Bon Hyundai Life announced on the 10th that it will sell the ‘ZERO Ansim Deohagi Guarantee Insurance,’ which allows simultaneous preparation of diagnosis benefits and living expenses for cancer, brain diseases, and heart diseases.
The ‘ZERO Ansim Deohagi Guarantee Insurance’ has accidental death and maturity payment (initial contract) as the main contract, and through optional riders, it can focus coverage on the two major adult diseases: cancer, brain disease, and heart disease.
The biggest feature of this product is that upon diagnosis of cancer, brain, or heart disease, it pays diagnosis benefits along with living expenses for up to 60 months (with the first 12 months guaranteed).
The ‘ZERO Ansim Deohagi Guarantee Insurance’ is available for subscription from age 15 to 60 and provides coverage up to age 100 through 10-year renewal terms.
The insurance subscription amount ranges from 10 million KRW to 100 million KRW, and the premium for a man in his 40s is about 35,000 KRW per month (when subscribing to the main contract of 30 million KRW and living expense riders for cancer and the two major diseases each at 100 million KRW).
Diagnosis benefits are paid separately for general cancer, breast & reproductive organ cancer, and minor cancers. For specific cancers such as stomach cancer, lung cancer, liver cancer, and colon cancer, diagnosis benefits are paid an additional time.
After diagnosis of general cancer, living expenses are paid for up to 60 months.
For the two major adult diseases, coverage includes not only cerebral hemorrhage and acute myocardial infarction but also cerebral infarction and ischemic heart disease (such as angina).
Living expenses are also paid for up to 60 months upon diagnosis of the two major adult diseases (cerebral hemorrhage and acute myocardial infarction).
Along with diagnosis benefits, living expenses are paid, and additional diagnosis benefits are paid for specific cancers, embodying the concept of adding coverage to coverage as suggested by the name ‘Ansim Deohagi’ (Safe Plus).
In case of disability of 50% or more, premium payments are waived for subsequent periods, and for the cancer and two major adult disease living expense riders, premium payments are additionally waived upon occurrence of the relevant insurance claim event.
A representative of Fubon Hyundai Life stated, “Recently, the incidence rates of cancer and brain and heart diseases have been increasing, and survival rates and treatment periods are also lengthening,” emphasizing, “It is necessary to prepare not only diagnosis benefits but also living expenses during and after the treatment period.”
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