NongHyup Life Launches Ultra-Simple Cancer Insurance Asking Only One Disclosure Item

NH Nonghyup Life announced on the 2nd that it will launch the 'Hana Man Mutneun NH Cancer Insurance,' which allows individuals with pre-existing conditions to enroll with just one disclosure.

[Asia Economy Reporter Oh Hyung-gil] NH Nonghyup Life announced on the 2nd that it will launch the 'Hana Man Mutneun NH Cancer Insurance,' which allows individuals with pre-existing conditions to enroll with just one health declaration.

By improving the existing simplified enrollment health declaration method, individuals who have not been treated for cancer, carcinoma in situ, or liver cirrhosis within the past 5 years can enroll, including elderly and those with pre-existing conditions. After the cancer coverage start date, 20 million KRW is guaranteed upon diagnosis of general cancer, and breast cancer and male and female reproductive cancers (excluding prostate cancer) are covered equally as general cancer.

Customers can choose between a pure protection type and a health management type. For the health management type, if the insured survives until the end of the insurance period without a confirmed diagnosis of general cancer, 1 million KRW is paid as health management funds.

Upon diagnosis of prostate cancer, 6 million KRW is guaranteed; for thyroid cancer diagnosis, 6 million KRW; and for minor cancer diagnosis, 3 million KRW. Additional riders such as direct cancer treatment hospitalization benefits and cancer hospitalization benefits in nursing hospitals are also available.

Enrollment is available from ages 30 to 80, with a 15-year renewable product that provides coverage up to age 100. The insured amount can be selected in increments of 5 million KRW, ranging from 5 million KRW to a maximum of 25 million KRW.

For the pure protection type, the monthly premium for a 40-year-old male is 15,700 KRW, and for a 40-year-old female, 18,800 KRW, based on the initial contract, 15-year term, single premium payment, and monthly payment. For the health management type, the monthly premium is 21,100 KRW for a 40-year-old male and 24,200 KRW for a 40-year-old female.

This content was produced with the assistance of AI translation services.