Dongyang Life Launches Health Insurance with 'Simplified Notifications and Coverage for 3 Major Diseases'

On the 6th, Dongyang Life announced the launch of 'Suho Cheonsa The Simple Health Insurance,' which simplifies pre-contract disclosure obligations, allowing elderly or patients with pre-existing conditions to receive diagnostic coverage for the three major diseases: cancer, cerebrovascular disease, and ischemic heart disease.

[Asia Economy Reporter Oh Hyung-gil] Dongyang Life Insurance announced on the 6th that it has launched the 'Suho Cheonsa The (The) Simple Health Insurance,' which simplifies the obligation to notify before contracting, allowing elderly or patients with pre-existing conditions to receive diagnosis benefits for the three major diseases: cancer, cerebrovascular disease, and ischemic heart disease.

The main contract covers accidental death, and through 14 additional riders, diagnosis benefits for the three major diseases can be secured.

By subscribing to various cancer coverage riders such as cancer diagnosis benefits, surgery costs, hospitalization fees, chemotherapy, radiation and drug treatment costs, and cancer hospitalization fees at convalescent hospitals, coverage is provided from surgery due to cancer to recovery. Diagnosis benefits, surgery costs, and thrombolytic therapy costs for cerebrovascular disease and ischemic heart disease are also payable.

The 'Type 1 (Simple Screening Type)' can be subscribed to through a simple screening process without submitting separate documents or diagnosis, provided there is no history of diagnosis, hospitalization, or surgery due to cancer, angina, myocardial infarction, or stroke (cerebral hemorrhage, cerebral infarction) within the past 5 years, regardless of past medical history.

Type 1 is available for subscription from age 30 up to a maximum of 90 years old, with insurance periods selectable between 10 and 20 years. Through renewal, coverage can be extended up to age 100, and if a disability of 50% or more occurs due to an accident, future premium payments are waived.

Through the premium waiver rider, in cases of diagnosis of cancers other than breast and prostate cancer, cerebral hemorrhage, or acute myocardial infarction, premium payments for the next and subsequent contracts can also be waived.

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