Lotte Insurance Launches Child Insurance Focused on Lifestyle Disease Coverage

'Dodam Dodam' Membership Available Until Age 30

[Asia Economy Reporter Ki Ha-young] Lotte Insurance announced on the 25th that it is selling the 'Lotte Dodam Dodam Child Insurance,' which comprehensively covers various diseases with high incidence rates in children.

This insurance focuses on covering environmental lifestyle diseases that are easily contracted due to weakened immunity and environmental factors, such as severe atopic dermatitis, Attention Deficit Hyperactivity Disorder (ADHD), respiratory-related disease surgery costs, and skin disease surgery costs, which frequently occur in children. It also covers not only prosthetic and conservative treatment for permanent teeth but also conservative treatment for deciduous teeth. For implant and denture treatments, it covers 1 million KRW per tooth, and for bridge treatments, 500,000 KRW per tooth. For filling treatments to repair cavities, coverage is up to 50,000 KRW depending on the material, and for crown treatments that cover the tooth, it covers 100,000 KRW per tooth.

In particular, as the childbirth age of women has recently been delayed, the insurance is structured to provide comprehensive services including coverage for pregnancy toxemia and prenatal depression management. When subscribing to the non-surrender value type, there is no surrender value during the payment period, but it is possible to subscribe at a premium approximately 25-30% cheaper than the general type. After the payment period, the same surrender value as the general type is paid.

The Lotte Dodam Dodam Child Insurance can be subscribed from the fetus stage up to a maximum age of 30. It offers options to choose between non-surrender value type and general type with maturities at ages 30, 80, 90, and 100 (however, the 30-year maturity is only available for the general type), thereby expanding customer choice.

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