Mirae Asset Life, Exclusive Right to Use Discount on Dental Insurance Premiums for Non-Smokers

[Asia Economy Reporter Oh Hyung-gil] Mirae Asset Life Insurance announced on the 17th that it has launched a Non-Smoker Dental Insurance Premium Discount Rider, which offers premium discounts to non-smokers.

This rider has been added to the currently available dental insurance. Mirae Asset Life Insurance’s dental insurance guarantees coverage for fillings, prosthetics, and root canal treatments without premium increases for up to 20 years. It also covers non-reimbursable dental treatment costs such as implants, bridges, and dentures, which are not covered by indemnity medical insurance.

Mirae Asset Life Insurance established the discount rider based on research showing that the incidence rate of periodontal disease in smokers is approximately 1.73 times higher than in non-smokers. This is the first product to extend non-smoker discounts from existing death or cancer occurrences to dental insurance, allowing up to a 19% premium discount compared to existing dental insurance premiums at certain ages.

Additionally, insured persons who successfully complete the 4-night 5-day smoking cessation camp and the 6-month follow-up program, organized by the Health Promotion Development Institute, are recognized as non-smokers and eligible for premium discounts regardless of smoking test results.

Mirae Asset Life Insurance stated that it has obtained a 3-month exclusive usage right from the Life Insurance Association’s New Product Review Committee in recognition of the rider’s originality and usefulness.

Oh Eun-sang, Head of Product Development at Mirae Asset Life Insurance, said, “This product lowers the premium burden from the consumer’s perspective and enhances the cost-effectiveness of coverage. It is a warm insurance that helps not only with dental treatment and care but also prevention through non-smoking. We hope people prepare for a happy retirement in the 100-year life era by securing dental health and reducing the burden of dental treatment costs.”

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