Hanwha Life Launches 'LifePlus Eoreuni Insurance'... Available for Subscription Up to Age 30

Customized Design for Individuals with 72 Special Contracts
Cancer Coverage 90-Day Exemption Removed

[Asia Economy Reporter Ki Ha-young] Hanwha Life announced on the 18th that it has launched the 'LIFEPLUS Eoreuni Insurance,' which expands the enrollment age for children's insurance from the previous 0-19 years to 0-30 years.

This product was launched for customers who want various coverage at reasonable premiums at a young age, including not only children but also college students, young adults in their 20s and 30s starting their careers, and novice parents with newborn children.

The biggest feature is that it allows personalized design with 72 special contracts. Customers can be covered up to 100 years old with the special contracts they desire. In particular, the 90-day waiting period for cancer has been eliminated so that customers are fully covered immediately after enrollment. Additionally, the condition that reduces insurance benefits if diagnosed with cancer within one year has also been removed.

Also, for four special contracts?▲Cancer (excluding breast cancer, other skin cancers, thyroid cancer, and colorectal mucosal cancer) ▲Cerebral hemorrhage and cerebral infarction ▲Acute myocardial infarction diagnosis ▲Minor cancer (excluding breast and early-stage thyroid cancer) diagnosis?an option is included that refunds premiums if the insured survives until maturity without contracting the respective diseases.

The main contract of this product is divided into standard type and non-surrender value refund type. Customers who enroll in the non-surrender value refund type can design their plan with lower premiums compared to the standard type.

For LIFEPLUS Eoreuni Insurance, a 27-year-old male subscribing to the main contract (non-surrender value refund type, type 1 newborn enrollment) with a coverage amount of 10 million KRW, 20-year payment period, and maturity at 100 years old, the monthly premium is 34,440 KRW when adding special contracts for ▲Cancer diagnosis ▲Cerebral hemorrhage and cerebral infarction diagnosis ▲Acute myocardial infarction diagnosis ▲Minor cancer coverage ▲Minor disease coverage.

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