Hyundai Marine & Fire Insurance Simultaneously Obtains Exclusive Rights for Health Insurance and Comprehensive Children's Insurance

Naegajikineun Naegeon Health Insurance and Good&Good Children's Comprehensive Insurance Q Secure Exclusive Usage Rights for 6 Months and 3 Months Respectively

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 22nd that it has obtained exclusive usage rights for 6 months and 3 months respectively for ‘Naega Jikineun Nae Geonhangboheom’ and ‘Good & Good Children’s Comprehensive Insurance Q’.

At the review committee held on the 21st of this month, hosted by the General Insurance Association of Korea, the health management expense special contract and health grade operation of Naega Jikineun Nae Geonhangboheom received 6 months of exclusivity, the no-accident standard body conversion system received 3 months, and six new risk coverages of Good & Good Children’s Comprehensive Insurance Q received 3 months of exclusive usage rights.

Launched in April this year, Naega Jikineun Nae Geonhangboheom is a health promotion-type product that applies insurance premiums by classifying health grades according to the customer’s health condition and recalculates the grade every five years to encourage self-health management.

Hyundai Marine & Fire Insurance improved the health grade operation method so that the existing grade is maintained even if health deteriorates during the health grade reassessment. It developed a new health management expense special contract that provides funds for health improvement activities if the health grade drops, enhancing the competitiveness of the health promotion-type insurance product.

By establishing the no-accident standard body conversion system, customers who join through a simplified screening type can switch to a general screening type after five years of no accidents, alleviating the high premium burden of insurance for those with pre-existing conditions.

Good & Good Children’s Comprehensive Insurance Q, which obtained exclusive usage rights for 6 months in January for coverage related to congenital diseases, has once again secured exclusive usage rights by introducing new coverages that were not provided in existing children’s insurance products, recognized for their originality and usefulness.

New coverages were added for hand, foot, and mouth disease and chickenpox diagnosis, which are epidemic infectious diseases vulnerable to infants and toddlers, as well as growth plate injury fractures and pneumothorax diagnosis that can occur during growth periods. Specific mental disorder diagnoses covering depression, post-traumatic stress disorder, and panic disorder were included, along with antepartum and postpartum hemorrhage transfusion diagnosis to cover bleeding risks occurring before and after childbirth for pregnant women.

Park Sung-hoon, Head of Long-term Products Division at Hyundai Marine & Fire Insurance, said, “This result reflects our efforts to secure competitiveness through differentiated product development, and we will continue to do our best to introduce innovative products to the market.”

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