Shinhan Life Strengthens Caregiving Expense Coverage with 'Jinsimeulpumun Ganbyeongbi Jin Health Insurance'

Shinhan Life announced on the 4th that it has launched two products, 'Jinsimeul Pumeun Ganbyeongbi Jin Health Insurance' and 'Jinsimeul Pumeun Ganpyeonhan Ganbyeongbi Jin Health Insurance,' which strengthen coverage for caregiving expenses.

[Asia Economy Reporter Oh Hyung-gil] Shinhan Life announced on the 4th that it has launched two products, 'Jinsimeulpumeun Ganbyeongbi Jjin Health Insurance' and 'Jinsimeulpumeun Ganpyeonhan Ganbyeongbi Jjin Health Insurance,' which strengthen coverage for nursing care expenses.

In the event of a diagnosis of cerebral hemorrhage or acute myocardial infarction, insurance benefits are paid monthly as nursing care expenses. For example, if a diagnosis of cerebral hemorrhage or acute myocardial infarction is confirmed after one year of insurance enrollment, the insured will receive 1 million KRW per month for five years (based on a main contract insurance amount of 10 million KRW). If the diagnosis occurs within one year of enrollment, only 50% of the insurance benefit is covered.

When subscribing to the cancer nursing care expense diagnosis rider, nursing care expenses of 1 million KRW per month for five years can be received for the three major critical illnesses.

The insurance pays diagnosis benefits for cerebrovascular diseases and ischemic heart diseases, which have high incidence rates, and also provides coverage for shingles, herpes zoster ophthalmicus, gout, specific rheumatoid arthritis, treatment costs for accidental fractures, and surgery fees.

'Jinsimeulpumeun Ganpyeonhan Ganbyeongbi Jjin Health Insurance' is a simplified underwriting product designed for customers who have difficulty enrolling through general underwriting, such as the elderly or those with pre-existing conditions, by streamlining the contract review process.

A Shinhan Life official said, "We actively reflected customers' needs for nursing care expenses due to aging caused by increased life expectancy," and added, "We will continue to launch customer-centered products that can support customers in difficult times."

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