Dongyang Life Insurance, Customize Your Desired Coverage with 'Easy My-Created Coverage Insurance'

Dongyang Life Insurance launched the simple underwriting insurance "Suho Angel Easy Customizable Coverage Insurance," which allows customers to freely design the coverage they want, on the 3rd.

[Asia Economy Reporter Oh Hyung-gil] Dongyang Life Insurance launched the simple underwriting insurance "Suho Cheonsa Simple Customized Coverage Insurance" on the 3rd, which allows customers to freely design the coverage they want.

Unlike products with fixed coverage and amounts, subscribers can select the necessary coverage according to their desired premium level by utilizing detailed special contract benefits. It is characterized by significantly relaxed disclosure requirements for the first time in the industry and provides coverage up to lifetime in a non-renewable form, lowering the insurance subscription barrier for those with pre-existing conditions and the elderly.

This product, with death coverage as the main contract, pays a death benefit of 1 million KRW upon death. By subscribing to 24 special contracts, major coverages such as cancer, surgery, hospitalization, and disease disability can all be covered under one insurance policy.

The Simple First Day Hospitalization Special Contract pays 10,000 KRW per day for hospitalization due to illness or accident from the first day, up to 120 days per hospitalization. The Simple Surgery Coverage Special Contract covers surgery costs from 100,000 KRW to a maximum of 3 million KRW per surgery for surgeries classified from types 1 to 5.

The Simple Cancer (excluding minor cancers) Diagnosis Benefit Special Contract pays 10 million KRW upon diagnosis of cancer excluding minor cancers. However, if diagnosed with breast cancer within 180 days, only 10% is paid. The Simple Minor Cancer Diagnosis Benefit Special Contract covers 10 million KRW once upon initial diagnosis for minor cancers such as thyroid cancer, other skin cancers, colorectal mucosal cancer, carcinoma in situ, and borderline tumors.

Coverage for cerebrovascular and heart diseases has also been strengthened. The Simple Cerebral Hemorrhage Diagnosis Special Contract pays 10 million KRW upon diagnosis of cerebral hemorrhage, and the Simple Cerebrovascular Disease Diagnosis Special Contract pays 10 million KRW upon diagnosis of cerebrovascular disease.

It consists of a non-surrender value type and a pure coverage type. The non-surrender value type has lower premiums than the pure coverage type because no surrender value is paid if the contract is canceled during the premium payment period. It is available for subscription from age 30 up to 75, and premium payments are waived in case of disability of 50% or more.

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