Hana Insurance Launches "Hana The Next 3N5 Simple Health Insurance"

Coverage for Full Out-of-Pocket Cancer Treatment Costs

Hana Insurance announced on May 2 that it launched a new insurance product for people with pre-existing conditions, called "(Non-participating) Hana The Next 3N5 Simple Health Insurance," on May 1.

Insurance for people with pre-existing conditions, also known as simplified insurance, is designed for those who cannot enroll in standard health insurance due to underlying diseases such as hypertension or diabetes. It allows them to obtain coverage with simplified disclosure requirements.

According to statistics from the Health Insurance Review and Assessment Service, as of 2022, the proportion of people with pre-existing conditions among those aged 20 and older reached 63%, due to population aging and an increase in chronic illnesses. The insurance industry reports that insurance for people with pre-existing conditions now accounts for 44% of the face-to-face insurance market. Nearly half of all adults are classified as having pre-existing conditions.

The new product launched by Hana Insurance also applies customized rates based on the applicant's history of hospitalization or surgery due to illness or injury.

It features the latest coverage options, such as "High-Class Major Cancer Treatment Benefits" and "Anti-Cancer Drug Treatment Benefits." It guarantees coverage for high-cost, out-of-pocket cancer treatments.

In particular, it supports new medical technologies such as robotic surgery and heavy ion therapy, which are non-reimbursed treatments with high medical costs, at premiums about 85% lower than those for major cancer treatment coverage. This helps improve patient survival rates while reducing their financial burden.

In addition, the product provides surgical benefits for 136 major diseases, offering the industry's widest range of covered conditions.

Hana Insurance stated that, with the launch of this new product in addition to its signature product "New Better Health Insurance," it has established the industry's best lineup in the market for insurance products for people with pre-existing conditions.

"New Better Health Insurance" is a product that offers premium discounts based on the policyholder's health grade, and was developed by Hana Insurance as an industry first. Even when enrolling through simplified insurance, policyholders can receive up to a 38% discount on premiums depending on their health grade.

A Hana Insurance representative said, "Hana The Next is a flagship brand of Hana Financial Group designed to prepare for the era of super-aging, aiming to improve customers' quality of life and support a healthy retirement. We plan to continue leading the long-term insurance market by launching a variety of products that reflect consumer demand."