AIA Life Launches 'Comprehensive Health Insurance I Assemble Myself'

Assemble 38 Special Contracts as You Wish
Core Coverage Enrollment Age Expanded from Minimum 0 to Maximum 70 Years

[Asia Economy Reporter Ki Ha-young] AIA Life announced on the 25th that it has launched the '(Non-Participating) AIA Vitality Vitality Customized Comprehensive Health Insurance,' which allows customers to assemble and customize only the coverage they want from 38 special contracts guaranteed by the company.

This insurance allows customers to select and subscribe to various coverages according to their needs, including 16 types of diagnosis benefit riders, 5 types of death and disability riders, 12 types of medical and dental riders, and 5 types of child-exclusive riders, in addition to the main contract covering severe disease disability. In particular, the conditions for subscribing to the main contract and mandatory riders, which existed when subscribing to existing riders, have been removed, enabling customers to freely assemble various riders even with minimal main contract subscription, allowing coverage remodeling that supplements insufficient coverage and strengthens necessary coverage.

Another feature is the expanded subscription age range of the product so that all family members can consider subscribing. The subscription age for core coverage has been expanded from a minimum of 0 years to a maximum of 70 years, allowing children and the elderly to subscribe. The newly developed Child 100-Year Diagnosis Rider covers major diseases related to cancer, brain, and heart up to 100 years of age, and riders for accidents such as fractures, burns, and emergency room visits, which can be subscribed to from 0 years old, can be assembled, making it useful for customers looking for comprehensive child insurance for their children.

The scope of core coverage has also been strengthened. A new cancer diagnosis rider has been launched that covers up to 20 million KRW not only for general cancer but also for specific cancers (breast cancer, prostate cancer, colon cancer). Cerebrovascular disease and ischemic heart disease are also covered up to 20 million KRW, and the coverage limit for the surgery rider is up to 10 million KRW. Newly developed are the disease disability rider, which can supplement existing disease diagnosis benefits through broad and repeated coverage, and the non-renewable accident fracture and burn coverage rider, which covers hospitalization and surgery for fractures and burns caused by accidents.

Applying 'AIA Vitality' and healthcare services to provide both pre- and post-health management for customers is also an advantage of this product. Customers who subscribe to the Vitality insurance product receive an immediate 10% premium discount upon subscription, and depending on their efforts to improve their health habits, they can receive up to a 20% premium discount, as well as various lifestyle rewards such as discounts on telecommunications fees, coffee, and airline tickets.

This product can be subscribed to from a minimum age of 0 to a maximum of 70 years, and the main contract and 18 of the special contracts are guaranteed without renewal up to 100 years of age.

The subscription limit for the main contract is from 5 million KRW to 50 million KRW. For a 40-year-old male subscribing to a main contract of 5 million KRW (coverage amount) with a 20-year payment term, including a new cancer diagnosis rider (50% surrender value type) with a coverage amount of 20 million KRW, the monthly premium is 38,637 KRW (based on discounted premium, before discount 42,930 KRW), and the premium payment method is monthly payment only.

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