Hanwha General Insurance Obtains Exclusive Rights for The Health The Practical Health Insurance

Hanwha General Insurance announced on the 26th that the premium discount rate for the 'LifePlus The Health The Practical Health Insurance' has obtained exclusive usage rights.

[Asia Economy Reporter Oh Hyung-gil] Hanwha General Insurance announced on the 26th that its 'Life Plus The Health The Practical Health Insurance' premium discount rate has obtained exclusive usage rights.

Until now, healthy customers had to go through a process of submitting health checkup results or continuously undergoing health checks after enrollment, thereby disclosing personal information in order to receive premium discounts.

In response, Hanwha General Insurance analyzed big data of approximately 1.55 million customers over the past year to improve the unfairness experienced by healthy customers. They developed a product that allows customers to receive up to a 30% discount on premiums by adding two additional disclosure items at the time of enrollment.

This product is characterized not only by premium discounts but also by the industry's first special contract that provides health checkup vouchers (500,000 KRW) for additional examinations or health management expenses (100,000 KRW) for hypertension and diabetes to customers suspected of these conditions based on health checkup results.

Additionally, in case of hospitalization due to injury or illness, customers can receive caregiver support for up to 180 days through a special contract. New cancer treatment coverages have also been introduced, including specific anticancer hormone drug-approved treatment costs and anticancer proton radiation therapy costs.

A Hanwha General Insurance official stated, "Obtaining exclusive usage rights that reduce premium burdens is significant amid the economic contraction caused by COVID-19," adding, "We aim to create new markets through the development of reasonable, personalized new products and contribute to the long-term growth of the insurance industry."

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