NH Nonghyup Life Launches Two New Dementia and Whole Life Insurance Products for the New Year

NH Nonghyup Life Insurance announced on the 3rd that it has launched two new products to securely protect the daily lives of families in the new year.

[Asia Economy Reporter Oh Hyung-gil] NH Nonghyup Life announced on the 3rd that it has launched two new products to securely guarantee the daily lives of families in the new year.

'Living Expenses Secure NH Dementia Insurance' focuses on providing living expenses to minimize the financial difficulties of supporting family members due to long-term care when diagnosed with severe dementia. Upon diagnosis of severe dementia, it guarantees a monthly living expense of 2.5 million KRW for life while alive.

Diagnosis payments can be covered as special contracts from mild dementia to moderate and severe stages. If you subscribe to the Dementia & Care Plus Coverage Special Contract, 5 million KRW is paid upon diagnosis of mild dementia, and 15 million KRW is paid upon diagnosis of moderate or severe dementia. If you receive 5 million KRW for mild dementia and later are diagnosed with moderate dementia, an additional 10 million KRW is covered, totaling 15 million KRW.

If you subscribe to the Severe Dementia & Care Coverage Special Contract and are diagnosed with severe dementia, 15 million KRW is paid. If subscribed together with the Dementia & Care Plus Coverage Special Contract, a total of 30 million KRW can be guaranteed upon diagnosis of severe dementia.

'Better NH Whole Life Insurance' is a product that guarantees death benefits as a basic feature and also accumulates a plus support fund up to 5.0% points depending on the subscription amount upon completion of payment. If you subscribe to the increasing type, the death benefit increases by 5% annually from the subscription date up to a maximum of 100%, guaranteeing up to 200% of the death insurance amount.

The partial surrender value payment type pays 50% of the standard surrender value if the insurance is canceled during the payment period. Although the surrender value is lower upon mid-term cancellation, the premium is cheaper compared to the standard type.

With special contracts related to adult diseases such as the 11 Major Adult Disease Surgery Special Contract, Cerebral Hemorrhage Diagnosis Special Contract, and Acute Myocardial Infarction Diagnosis Special Contract, you can also design health coverage tailored to yourself.

Kim In-tae, CEO of Nonghyup Life, said, "Everyone is going through difficult times due to COVID-19," and added, "We hope you prepare in advance to protect your family's daily life through insurance gifts in the new year."

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