Samsung Life Insurance Obtains Exclusive Usage Right for 'Secure Living Protection Insurance'

Samsung Life Insurance announced on the 28th that its 'Secure Living Protection Insurance,' launched in September, has obtained a 6-month exclusive usage right.

[Asia Economy, Reporter Oh Hyungil] Samsung Life Insurance announced on the 28th that its 'Secure Living Protection Insurance,' launched in September, has obtained a 6-month exclusive usage right.

The Life Insurance Association's New Product Review Committee granted the exclusive usage right, recognizing the originality and advancement of the company for developing premium rates for new risks that were not previously covered by existing insurance products.

The four types of new risk rates are: non-participating projected osteoporosis disease incidence rate, non-participating projected specific spondyloarthritis incidence rate, non-participating projected specific systemic connective tissue disorder incidence rate, and non-participating projected disease and accident benefit isolation ward hospitalization application rate.

Additionally, for the first time in the industry, the company developed customized programs tailored to musculoskeletal conditions by linking insureds' diagnosis, prevention, and recurrence prevention programs. This was recognized for its originality and usefulness in providing customer benefits.

The Secure Living Protection Insurance covers all acquired disabilities regardless of disability grade. If a disability occurs after enrollment and the insured completes registration as a person with a disability, diagnostic funds are provided. This applies to all disabilities defined under the Welfare of Persons with Disabilities Act, including a total of 15 types such as physical disabilities, visual impairments, hearing impairments, and brain lesion disabilities.

A Samsung Life Insurance representative stated, "With the acquisition of the exclusive usage right, our outstanding product development capabilities have once again been recognized," adding, "We will continue to enhance our product competitiveness by launching differentiated products in the market."

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