NH Nonghyup Insurance Launches 'NoeSimJeonSim Health Insurance' Dedicated to Heart and Cerebrovascular Diseases

NH Nonghyup Property & Casualty Insurance announced on the 13th the launch of the 'NoeSimJeonSim Health Insurance,' a specialized insurance for heart and cerebrovascular diseases that is available to elderly and high-risk individuals. Choi Chang-soo, CEO of Nonghyup P&C Insurance (left), and Kim Myung-soo, chairman of Uijeongbu Nonghyup in Gyeonggi, are taking a commemorative photo for the first subscription to the product.

[Asia Economy Reporter Oh Hyung-gil] NH Nonghyup Insurance announced on the 13th that it has launched the 'NoeSimJeonSim Health Insurance,' a dedicated insurance product for heart disease and cerebrovascular disease that is available to elderly and high-risk individuals.

This product focuses on covering heart disease and cerebrovascular disease, which rank as the 2nd and 3rd leading causes of death among Koreans. For the first time in the industry, it pays double the insured amount if diagnosed with brain or heart disease after being diagnosed with hypertension or diabetes.

It also covers conditions that were difficult to insure under existing health insurance, such as transient ischemic attack, arrhythmia, heart failure, and atherosclerosis.

Type 1 guarantees double the insured amount upon diagnosis of brain or heart disease after a diagnosis of hypertension or diabetes. Type 2 provides broad coverage not only for brain and heart diseases but also for vascular diseases. Type 3 refunds 100% of the premiums paid without any claims by the 25th year. Type 4 is a simplified underwriting type, allowing elderly and high-risk individuals to enroll.

The general underwriting type is available for ages 15 to 70, with insurance terms selectable from maturity at age 80 up to a maximum maturity at age 100. The simplified underwriting type is available for ages 20 to 75 and offers 20-year and 30-year renewable terms.

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