MG Sonbo, Exclusive Rights Acquired for Coverage of Female Infertility Diagnosis and Treatment Costs

MG Insurance announced on the 9th that it has obtained exclusive rights for coverage of female infertility diagnosis and female infertility treatment expenses.

[Asia Economy Reporter Oh Hyung-gil] MG Insurance announced on the 9th that it has obtained exclusive usage rights for coverage of female infertility diagnosis fees and female infertility treatment fees.

MG Insurance incorporated infertility-related coverages that can contribute to solving the national low birthrate issue through new risk rate development into the "Smart Health Comprehensive Insurance."

The female infertility diagnosis fee coverage guarantees the insured amount once upon the first diagnosis of female infertility disease in infertility testing, and the female infertility treatment fee coverage guarantees once for each covered item during artificial insemination or in vitro fertilization (test-tube fertilization). The eligible applicants are unmarried women aged 20 to under 40.

The New Product Review Committee of the Korea Insurance Development Institute highly evaluated the originality, advancement, and usefulness of the coverage for discovering a new infertility risk market and resolving insurance blind spots related to infertility.

An MG Insurance official explained, "Despite health insurance support for infertility treatment procedures, there is still an economic burden," adding, "We actively researched and developed new coverages to assist infertility treatment in order to fulfill the public function of the insurance industry contributing to solving the low birthrate issue."

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