Orange Life Launches 'DIY' Comprehensive Health and Accident Insurance

On the 2nd, Orange Life announced the launch of the 'Orange Cube Comprehensive Health and Accident Insurance,' which allows customers to select coverage for diagnosis fees, surgery fees, hospitalization fees, and more according to their needs.

[Asia Economy Reporter Oh Hyung-gil] Orange Life announced on the 2nd that it has launched the 'Orange Cube Comprehensive Health and Accident Insurance,' which allows customers to choose coverage for diagnosis fees, surgery fees, hospitalization fees, and more according to their needs.

The main contract covers accident disability protection and is composed of a total of 22 riders, including 12 diagnosis coverage riders, 3 hospitalization coverage riders, 4 surgery coverage riders, and 3 riders for death and disease disability coverage. Including the main contract, 17 riders are non-renewable products with no premium increase, and coverage can be extended up to lifetime.

In particular, coverage for living benefits such as cancer, dementia, diabetes, hospitalization, and surgery has been strengthened. By subscribing to the general cancer diagnosis rider, coverage of up to 50 million KRW is provided upon diagnosis of general cancer, and by subscribing to the gender-specific cancer diagnosis rider, coverage of up to 50 million KRW (first occurrence only) is provided for diagnosis of male and female reproductive cancers such as breast cancer and prostate cancer, the same as general cancer.

The dementia diagnosis rider pays diagnosis fees from mild to severe dementia (first occurrence only), and the diabetes management rider and diabetes-enhanced four major diseases rider cover diabetes and related diseases.

If you choose the non-surrender value type 1, there is no surrender value during the premium payment period, but you can receive the same coverage with lower premiums compared to type 2 (standard type). After the payment is completed, the surrender values of types 1 and 2 are the same. The subscription age ranges from 15 to a maximum of 70 years old.

Jae-woo Park, Executive Director of Orange Life, said, "This is a DIY (Do It Yourself) insurance that breaks the mold of standardized insurance and allows customers to assemble coverage as they want," adding, "Existing customers can upgrade insufficient coverage, and customers without insurance can select only the coverage they need, enhancing both cost-effectiveness and emotional satisfaction."

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