Shinhan Life Obtains Exclusive License for Health Age Insurance Premium Application Rider

Special Agreement Reflecting Digital Healthcare Trends
Exclusive Usage Rights Acquired for 3 Months

[Asia Economy Reporter Ki Ha-young] Shinhan Life announced on the 20th that it has obtained a 3-month exclusive usage right for the 'Health Age Premium Application Rider,' the first of its kind launched in the life insurance industry.

The Health Age Premium Application Rider primarily calculates the health age based on health checkup results registered with the National Health Insurance Service and applies it to the insurance premium. Additionally, it was recognized for its originality by being the first in the industry to apply this to the death benefit of whole life insurance, a representative product of life insurance companies, rather than to disease coverage.

Currently, the product with this rider attached is the Jinsim-eul Pum-eun Whole Life Insurance (non-dividend, partial surrender value type), which allows for reduced premium burden depending on health status, gaining continuous interest in the sales field.

The health age can only be applied if it is lower than the actual age, and the health age premium application is designed to be available up to three times within 10 years after enrollment. Health age inquiries are available through the Shinhan Life Smart Window application (app), and since its launch, the number of customer inquiries has exceeded 10,000.

A Shinhan Life official stated, "The Health Age Premium Application Rider was prepared to provide a health promotion-type product that can be participated in non-face-to-face in line with the untact era," adding, "We plan to continuously introduce healthcare services and products that customers can directly participate in and lead."

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