MG Sonbo, Launches 'Direct Cancer Insurance' Specialized in Cancer Coverage

MG Insurance announced on the 1st that it has launched the '(Non-)Direct Cancer Insurance,' specialized in cancer coverage.

[Asia Economy Reporter Oh Hyung-gil] MG Insurance announced on the 1st that it has launched the '(Non-)Direct Cancer Insurance,' specialized in cancer coverage.

The insurance focuses on cancer diagnosis fees, surgery fees, hospitalization fees, and chemotherapy treatment fees. To provide broad protection against cancer, coverage is offered for general cancer, similar cancers, the three major specific cancers (stomach, liver, lung), and 11 major specific cancers. It also includes highly competitive coverages such as targeted anticancer drug approved treatment fees and anticancer radiation drug treatment fees.

The eligible age for subscription is from 19 to 49 years old, and customers can choose from practical, standard, or premium plans depending on the coverage level. By subscribing directly online, premiums are cheaper compared to offline products, and if subscribed as non-renewable, coverage is guaranteed up to age 100 with the initial premium unchanged.

During February, MG Insurance will hold a drawing for 100 customers who calculate premiums for 'Direct Cancer Insurance' or 'Direct Diagnosis Insurance,' regardless of subscription, awarding each a 10,000 KRW Shinsegae gift certificate.

An MG Insurance official stated, "As cancer survival rates rapidly increase, the demand for coverage across all stages related to cancer diagnosis, surgery, hospitalization, and treatment is also expanding," adding, "With the reliable coverage and price competitiveness of 'Direct Cancer Insurance,' worries about cancer can be alleviated."

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