Hyundai Marine & Fire Insurance Obtains Exclusive Rights for Maum Dream Medical Insurance

Hyundai Marine & Fire Insurance announced on the 23rd that its "Maeum Dream Medical Insurance," which focuses on covering lifestyle diseases, has obtained exclusive rights in the new risk coverage category.

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 23rd that its 'Maeum Dream Medical Insurance,' which focuses on covering lifestyle diseases, has obtained exclusive usage rights in the new risk coverage category.

Maeum Dream Medical Insurance comprehensively covers mental illnesses, chronic diseases, and adult diseases caused by stress and weakened immune function, and provides coverage for all stages of treatment, including high-cost treatments for severe diseases, hospitalization, surgery, and outpatient care.

The company developed and introduced a mental illness treatment rider that pays insurance benefits differentially based on severity when diagnosed with mental illnesses such as depression, panic disorder, obsessive-compulsive disorder, and schizophrenia, and receiving medication treatment for more than 90 days.

Additionally, a new psoriasis-specific treatment rider was established to pay insurance benefits for phototherapy or medication treatment for psoriasis, a refractory skin disease of unknown clear cause that often lasts more than 10 years once contracted.

The expansion of coverage areas to include mental illnesses and skin diseases (psoriasis), which were not covered by existing insurance, was highly evaluated, resulting in the mental illness treatment rider obtaining exclusive usage rights for 6 months and the psoriasis-specific treatment rider for 3 months.

Yoon Kyung-won, Head of Long-term Products Part 1 at Hyundai Marine & Fire Insurance, said, "We are striving to create social value by reducing blind spots in insurance through new product development, and we will continue to make efforts to introduce differentiated products to the market."

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