DB Insurance, Rehabilitation and Income Protection Combined in 'The More Necessary Income Protection Insurance'

DB Insurance announced on the 27th that it will launch a rehabilitation and income protection insurance product called "The Necessary Income Protection Insurance."

[Asia Economy Reporter Oh Hyung-gil] DB Insurance announced on the 28th that it will launch a rehabilitation and income protection insurance product called ‘The Necessary Income Protection Insurance.’

Coverage for sequelae disability is essential for rehabilitation treatment, but the premiums have been high and the insured amount limited. To address this, a new coverage plan has been introduced that provides higher benefits for severe disabilities and allows subscription at reasonable premiums.

The ‘Post-Injury Sequelae Disability II’ coverage has increased protection from the previous 100 million KRW up to 300 million KRW, and the ‘Post-Illness Sequelae Disability II’ coverage has increased from 10 million KRW to up to 30 million KRW. These can be subscribed to at lower premiums than before.

Additionally, for customers who want more coverage for cancer-related sequelae disabilities, a new cancer sequelae disability coverage has been developed, which is 85% cheaper than the existing post-illness sequelae disability coverage.

Specialized services for rehabilitation treatment are also available. In case of sequelae disability, rehabilitation equipment is covered to enable treatment at home, and additional services such as caregiver support are provided. The insurance is available for ages 0 to 70 and provides coverage up to age 100. The coverage period can be selected as 10, 20, or 30 years with renewal options, or until ages 90 or 100 without renewal.

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