Samsung Life Insurance Strengthens 'Living Protection Insurance' Covering Disabilities from Mild to Severe

Samsung Life Insurance announced on the 6th that it will sell the 'Secure Living Insurance' which provides coverage for disabilities caused by accidents or illnesses, ranging from mild to severe.

[Asia Economy Reporter Oh Hyung-gil] Samsung Life Insurance announced on the 6th that it will sell the 'Life Protection Insurance Tightly' which covers disabilities caused by accidents or illnesses from mild to severe.

It covers disabilities caused by accidents and illnesses (excluding congenital abnormalities) regardless of whether the disability is severe or not. This is the first life insurance company to cover all degrees of disability regardless of disability grade. Existing health insurance mostly provided limited coverage focused on severe disabilities.

If a disability occurs after enrollment and the disability registration is completed, a diagnosis fund (one-time initial payment) is guaranteed. It covers all disabilities defined by the Disability Welfare Act, including 15 types such as physical disabilities, visual disabilities, hearing disabilities, and brain lesion disabilities.

It also covers chronic diseases such as musculoskeletal disorders, diabetes, and hypertension. Through the specific musculoskeletal disorder diagnosis rider, it covers diagnoses of disc disease, gout, osteoporosis, and specific joint disease spondyloarthritis.

If a person becomes unemployed due to an accident or illness and receives job-seeking benefits from the Employment Insurance Corporation for that reason, job-seeking benefit support is guaranteed for up to 91 days.

Enrollment is available from age 20 up to 60, and the payment period can be selected for 10, 15, 20, or 30 years depending on the insurance period.

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