Introducing 'Shinhan Integrated Health Protection Insurance ONE'
Shinhan Life announced on the 2nd that it has launched its first new product of the year, a customized health insurance plan called ‘Shinhan Integrated Health Protection Insurance ONE (ONE)’.
This new product is an integrated health insurance plan that allows customers to customize over 100 special contracts according to their individual coverage needs, such as diagnosis fees, hospitalization fees, and surgery fees. By minimizing mandatory special contracts, customers can design a ‘personalized health insurance’ by selecting only the coverage they truly need without unnecessary add-ons.
The coverage for ‘cancer (癌)’, the leading cause of death among Koreans, has been significantly strengthened. By adding special contracts at the time of subscription, it covers everything from cancer diagnosis to examination and treatment, including ▲comprehensive cancer treatment coverage ▲targeted anticancer drug therapy ▲anticancer radiation therapy ▲anticancer drug therapy.
Coverage for hospitalization and surgery has also been enhanced. The ‘hospitalization special contract from day one’ has been subdivided into 30, 60, and 180 days of hospitalization limits, considering customers’ needs and premium payment capacity. Through the newly developed ‘new surgery special contract’, customers can design various surgery coverages according to their preferences.
The premium for general cancer diagnosis coverage has been lowered to the industry’s lowest level to reduce the burden. Additionally, for products without surrender refund payments, if the policy is canceled during the premium payment period, no surrender refund is provided, but the same coverage is available at a lower premium compared to the general type.
The eligible age for subscription is from 15 to a maximum of 70 years old, and the insurance period can be chosen between maturity at age 90 or lifetime coverage. In addition, a simplified underwriting product (available up to age 80) is also launched for customers with pre-existing conditions who were previously unable to subscribe to insurance.
A Shinhan Life representative said, “This product features the ability for customers to create specialized health protection plans considering family history, lifestyle habits, age, and more,” adding, “Since it consolidates various benefits that can be included in health insurance, we hope many customers can enjoy a happy and healthy life.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
