Shinhan Life Launches 'Jinsimeul Pum-eun Ai Sarang Insurance' Covering Children's Illnesses and Accidents

Shinhan Life announced on the 6th that it has launched the "Sincere Child Care Insurance," which provides coverage for common childhood illnesses and accidents that frequently occur in daily life, as well as serious diseases.

[Asia Economy Reporter Oh Hyung-gil] Shinhan Life announced on the 6th that it has launched the 'Jinsimeul Pumeun Ai Sarang Insurance,' which provides coverage from serious childhood illnesses to diseases and accidents frequently occurring in daily life.

The insurance covers up to 50 million KRW (25 million KRW for policies less than one year) until the age of 100 for leukemia, bone marrow cancer, general cancer (excluding minor cancers), cerebral hemorrhage (excluding neonatal cerebral hemorrhage), acute myocardial infarction, end-stage renal failure, and end-stage chronic pulmonary disease.

It also pays insurance benefits for accidental fractures, cast treatment, emergency room visit fees, hospitalization benefits from the first day, hand-foot-and-mouth disease, and influenza. It provides 100,000 KRW for hand-foot-and-mouth disease diagnosis (once per year), 100,000 KRW for influenza treatment (once per year), and 300,000 KRW for fracture diagnosis.

Additionally, it includes a special rider that allows the insured to receive a diagnosis benefit equal to the sum of premiums already paid and premiums to be paid in the future.

A Shinhan Life official stated, "We have strengthened coverage for diseases and accidents essential for children and equipped the product with an all-pay benefit function upon diagnosis of the five major diseases," adding, "We will continue to launch lifecycle products that actively reflect customer needs."

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