Hanwha General Insurance Launches 'Cham Pyeonhan Well-Life & Ending Insurance' Covering Retirement Security and Funeral Services

Hanwha General Insurance announced that it will start selling the 'Cham Pyeonhan Welllife & Ending Insurance,' which provides coverage for death, dementia, long-term care, caregiving, and the three major diseases, along with funeral services, starting from the 14th.

[Asia Economy Reporter Oh Hyung-gil] Hanwha General Insurance announced that it will start selling the 'Cham Pyeonhan Welllife & Ending Insurance,' which provides coverage for death, dementia, long-term care, caregivers, the three major diseases, and even funeral services, starting from the 14th.

If the insured person dies, funeral services are provided. In the event of death during the insurance period, funeral services can be used without paying the remaining premiums, and if the customer does not want the funeral services, a cash payment will be made instead.

Additionally, the range of caregiver coverage has been expanded with caregiver support hospitalization benefits that provide caregivers, and a special contract for caregiver usage hospitalization benefits that pays cash based on the number of days the customer uses a caregiver. Premium payments have also been greatly eased by offering flexible payment options.

Enrollment is convenient through a simplified screening process, and for the first time in the industry, a single rate for injury risk is applied, so there are no premium changes or additional charges due to job changes after retirement.

The eligible age for enrollment is from 40 to 90 years old, the insurance period lasts until age 100, and the payment period can be designed as 10 years, 20 years, or flexible payment.

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