Hyundai Marine & Fire Insurance Launches 'OneTwo333 Health Insurance' Available Even for Short-Term Hospitalization

Hyundai Marine & Fire Insurance announced on the 9th that it has launched the simplified underwriting insurance "Simple One-Two-Three-Three Health Insurance," which allows enrollment even with a history of short-term hospitalization or surgery.

[Asia Economy Reporter Oh Hyung-gil] Hyundai Marine & Fire Insurance announced on the 9th that it has launched the simplified underwriting insurance "Simple One-Two-Three-Three-Three Health Insurance," which allows enrollment even with a history of short-term hospitalization or surgery.

The company expanded the options by changing the pre-contract disclosure requirement regarding "hospitalization or surgery within the past 3 years" in the existing three simplified underwriting insurances to "hospitalization of 6 days or more or medication for 30 days or more within the past 3 years," allowing those with a history of short hospitalization or surgery within 5 days to enroll.

The remaining disclosure requirements include hospitalization or surgery due to injury or illness within the past 3 years, and diagnosis, hospitalization, or surgery for six major diseases (cancer, angina, myocardial infarction, liver cirrhosis, stroke, heart valve disease) within the past 3 years.

Additionally, it provides coverage comparable to health insurance for customers in good health, including cardiovascular and cerebrovascular diseases, surgeries for 123 major diseases, and the latest cancer treatment methods such as targeted anticancer drug approved treatment costs.

Enrollment is available from age 15 up to the 80s, with coverage up to age 100. The insurance period can be selected from 5, 10, 15, 20, or 30 years renewable terms, or fixed terms expiring at ages 90, 95, or 100.

If enrolled with a fixed term, coverage is guaranteed without premium changes until maturity, and if the non-surrender value option is selected, premiums can be on average 15-20% lower compared to the general type.

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