Samsung Fire & Marine Insurance Launches 'The Easier Pre-existing Conditions Long Life' with Reduced Disclosure Items for Simple Enrollment

Samsung Fire & Marine Insurance announced on the 3rd that it has launched a new health insurance product with easy enrollment called 'The(The) Simple Chronic Longevity'.

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 3rd that it has launched a new health insurance product with easy enrollment called 'The(The) Ganpyeonhan Yubyeongjangsu'.

Enrollment is simple as long as you do not fall under two questions: whether you have been hospitalized, undergone surgery, or required a re-examination opinion within the last 3 months, and whether you have been diagnosed, hospitalized, or had surgery for any of the four major diseases (cancer, stroke, angina, myocardial infarction) within the last 5 years.

The basic coverage includes diagnosis benefits for cancer, cerebral hemorrhage, and acute myocardial infarction, with additional coverage for targeted anticancer drug approved treatment costs, outpatient daily allowance for direct cancer treatment (at tertiary general hospitals), and ICU hospitalization daily allowance for the three major diseases.

It also covers various common daily life risks such as surgery or hospitalization daily allowance due to cancer, cerebrovascular disease, and heart disease, as well as fractures, burns, and cast treatment costs.

An optional premium refund support rider can also be added. In the event of cancer, cerebral hemorrhage, or acute myocardial infarction, future premium payments for coverage are waived, and if the refund support rider is subscribed, previously paid coverage premiums can also be refunded.

The previously sold 'Yubyeongjangsu Plus' has been changed to 'Ganpyeonhan Yubyeongjangsu', and 'Yubyeongjangsu 100se Plus' has been changed to 'Ganpyeonhan Yubyeongjangsu 100se'. Targeted anticancer drug approved treatment costs and outpatient daily allowance for direct cancer treatment (at tertiary general hospitals) riders have been added. Coverage has been strengthened to the level of general underwriting products by adding riders such as severe pneumonia and artificial joint replacement surgery.

Gwak Seung-hyun, head of the Long-term Product Development Team at Samsung Fire & Marine Insurance, said, "With advances in medical standards, life expectancy has increased, entering the era of Yubyeongjangsu," and added, "We have expanded the enrollment scope so that more customers can easily subscribe to insurance and receive benefits."

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