Carrot Sonbo Launches Safety Insurance Guaranteeing Death Benefits for Novel Coronavirus

Carrot General Insurance announced on the 4th that it will launch the 'Short-term Disease Protection Insurance,' which covers risks caused by diseases such as the novel coronavirus infection.

[Asia Economy Reporter Oh Hyung-gil] Carrot General Insurance announced on the 4th that it will launch a 'Short-term Disease Safety Insurance' that covers risks caused by diseases such as the novel coronavirus infection.

This product, which will be sold for a limited period of two weeks considered a critical phase in the spread of the novel coronavirus situation, consists of Light and Standard types.

First, it guarantees up to 100 million KRW in death insurance benefits and 20,000 KRW per day in hospitalization consolation money in case of death or hospitalization due to diseases such as the novel coronavirus within three months after enrollment. The subscription period refers to the period predicted by the World Health Organization (WHO) for the novel coronavirus to reach the containment stage.

The premium is at least 8,000 KRW for a 35-year-old male. Since treatment costs related to the novel coronavirus are fully supported by the government, treatment cost coverage is excluded, but existing subscribers of other actual expense insurance can receive overlapping coverage.

Additionally, Carrot General Insurance plans to donate all settlement profits related to the short-term disease safety insurance to infectious disease management institutions after the coverage period ends.

A Carrot General Insurance official explained, "We are launching this product after careful consideration of ways to contribute to alleviating the anxiety of age groups who inevitably have to engage in face-to-face economic activities during the spread of the novel coronavirus," adding, "Although there is no risk rate applicable only to novel coronavirus-related coverage, we decided to launch it promptly by bearing some risks for quick response."

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