Hana Life Launches Ultra-Simple Cancer Insurance with Single Notice

Hana Life announced on the 26th that it has launched the '(Non) Top3 Ultra-Simple Cancer Insurance,' which allows even those with pre-existing conditions or elderly individuals to enroll by passing just one question.

[Asia Economy Reporter Oh Hyung-gil] Hana Life announced on the 26th the launch of the '(Non-Participating) Top3 Ultra-Simple Cancer Insurance,' which allows even those with pre-existing conditions or elderly individuals to enroll by passing just one question.

Consumers with past medical history or chronic diseases such as hypertension and diabetes can also enroll if they have not been diagnosed, hospitalized, or undergone surgery for cancer, carcinoma in situ, or cirrhosis within the past five years.

The product is composed of ultra-simple enrollment and general enrollment types, and can be designed in various ways including pure protection type, payback type, and 20-year lump-sum payment type. When selecting the payback type or the 20-year lump-sum payment type, all paid premiums are refunded while coverage remains effective until maturity.

The eligible age for enrollment is from 30 to 80 years old based on the pure protection type. For a coverage amount of 20 million KRW, general cancer is covered up to 20 million KRW, breast cancer or male/female reproductive organ cancer up to 8 million KRW, and minor cancers (other skin cancer, thyroid cancer, carcinoma in situ, borderline tumors, or colorectal mucosal cancer) up to 2 million KRW, each covered once at initial diagnosis. In case of diagnosis within less than one year, 50% of the amount is paid.

For a 40-year-old female, ultra-simple enrollment type, maturity at age 110, pure protection type, 20-year payment period, and coverage amount of 20 million KRW, the monthly premium is 43,400 KRW.

Kim In-seok, CEO of Hana Life, said, "This product allows those who have been somewhat excluded from insurance enrollment to conveniently subscribe," and added, "We will continue to develop products that understand customers' needs and return greater benefits."

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