Shinhan Life Launches Insurance Discount Rider for Younger Health Age

[Asia Economy Reporter Oh Hyung-gil] Shinhan Life announced on the 6th that it will introduce a health age insurance premium application rider that applies insurance premiums according to the customer's health age.

This is a digital healthcare product created by combining scraping technology, which calculates health age based on health checkup results registered with the National Health Insurance Service and applies it to insurance premiums.

The healthier the customer, the lower the insurance premium they can pay. For example, if a 40-year-old man is insured and his health age is calculated as 38, from the application date onward, he will pay premiums based on the 38-year-old rate, and for premiums paid before the application date, a retroactive adjustment will be made for the difference in reserve funds.

The rider is added to the product 'Jinsimeul Pumeun Whole Life Insurance (Non-dividend, Partial Surrender Value Payment Type)', and among the insured customers, the insured's insurance age must be 20 or older, and health checkup results must be registered with the National Health Insurance Service within the past year.

Furthermore, the health age can only be applied if it is lower than the actual age, and to motivate customers to manage their health, the health age insurance premium application can be used up to three times within 10 years after enrollment.

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