Samsung Fire & Marine Insurance Launches Child Insurance Covering Influenza with Affordable Premiums

Samsung Fire & Marine Insurance announced on the 31st that it has launched a child insurance product called 'Kkum-i Jareuneun Eorini' that can be purchased at an affordable premium.

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 31st that it has launched a children's insurance product called 'Kkum-i Jareuneun Eorini' (Dream Growing Child), which can be purchased at an affordable premium.

This product automatically renews every 20 or 30 years up to age 100, and can be purchased with an affordable premium averaging between 20,000 and 40,000 KRW. Existing non-renewable children's insurance products with a maturity age of 100 required paying premiums in advance for high-risk older ages, costing around 80,000 to 100,000 KRW.

Additionally, new coverage related to influenza, which occurs intensively from infancy to adolescence during autumn and winter, has been introduced. If diagnosed with influenza and treated with antiviral medication, coverage of up to 200,000 KRW per year is available once annually. If hospitalized and treated for influenza, coverage is provided up to 30 days with a maximum of 30,000 KRW per day.

Coverage is available for lifestyle-related guarantees that commonly occur in daily life, as well as severe coverage such as the eight major rare and intractable diseases in children and targeted anticancer drug approved treatment costs.

In particular, coverage includes infectious diseases commonly contracted by young children, such as chickenpox and hand, foot, and mouth disease. Chickenpox is covered up to 200,000 KRW upon first diagnosis until age 20, and hand, foot, and mouth disease is covered up to 100,000 KRW once per year upon diagnosis.

The product also includes premium waiver and payback functions. In the event of eight types of insured incidents, including general cancer and similar cancers, premium payments for future coverage can be waived. If an additional premium refund support rider is purchased, premiums already paid can also be refunded.

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