Cancer Diagnosis Coverage Guaranteed Up to 9 Times
KB Insurance has introduced a cancer insurance product that allows elderly individuals with chronic diseases such as diabetes and hypertension to enroll.
On the 4th, KB Insurance announced the launch of the 'KB Silver Cancer Simple Health Insurance Plus.'
This product is a cancer insurance for individuals with pre-existing conditions such as diabetes, hypertension, and hyperlipidemia. Customers can choose a term of 10, 15, or 20 years and enroll from age 60 up to 90. The maximum coverage age is up to 100 years.
Notably, it includes an 'Integrated Cancer Diagnosis Benefit' that subdivides cancer into nine specific sites, allowing for up to nine separate cancer diagnosis benefit payments. Unlike traditional cancer diagnosis benefits, where the insurance coverage ends once a cancer diagnosis benefit is paid, this product terminates coverage only for the diagnosed cancer site, while continuing to cover primary cancers in other sites until the insurance term expires.
Additionally, tailored coverage is provided throughout the cancer treatment journey, including benefits for metastatic cancer diagnosis, cancer recurrence diagnosis, chemotherapy and radiation therapy costs, targeted cancer therapy costs, and CAR-T (Chimeric Antigen Receptor T-cell) therapy costs (limited to once per year).
Shin Deok-man, Executive Director and Head of Long-term Products at KB Insurance, stated, "This product is 10-20% more affordable compared to existing insurance for individuals with pre-existing conditions, enabling elderly customers with chronic diseases to obtain cancer-related coverage at a reasonable premium. We will continue to develop cancer insurance products that meet customer needs with the goal that KB Insurance will take responsibility when it comes to 'cancer.'"
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