Heungkuk Life Launches Dasarang OK Simple Health Insurance... "Customized Design with 30 Special Contracts"

[Asia Economy Reporter Oh Hyung-gil] Heungkuk Life Insurance announced on the 16th that it has launched the non-dividend Heungkuk Life Multi-Sarang OK Simple Health Insurance (renewable) equipped with the ‘Targeted Anticancer Drug Approval Treatment Rider’ for insured persons with pre-existing conditions.

This insurance consists of 30 riders, allowing insured persons with pre-existing conditions to select the necessary riders and subscribe. It provides coverage for compelling guarantees such as accidental death under the main contract, disease diagnosis, hospitalization, surgery, and treatment all within a single insurance product. Now, even insured persons with medical history can have customized plans.

The strength of this product is that it covers not only diagnosis fees, hospitalization fees, surgery fees, and anticancer drug radiation treatment fees necessary for cancer treatment but also ‘Targeted Anticancer Drug Approval Treatment.’ ‘Targeted Anticancer Drug Approval Treatment’ is a treatment method with fewer side effects compared to conventional anticancer drug treatments but is a costly burden for patients. As medical technology advances, coverage for treatment costs has become more important, so the coverage for treatment costs has been strengthened.

This product simplifies the disclosure requirements at the time of insurance subscription, allowing subscription even if there are chronic diseases or past medical histories, as long as the applicant does not fall under three disclosure items. The disclosure items are: no hospitalization, surgery, or additional examination recommendations within the last 3 months; no history of hospitalization or surgery within the last 2 years; and no history of cancer diagnosis, hospitalization, or surgery within the last 5 years.

It is available as a 20-year or 10-year term product, allowing subscription up to age 90, and through renewal, coverage can be extended up to age 100.

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