MG Sonbo, Launches 'Smart Health Life Insurance' for Elderly and Patients with Preexisting Conditions

MG Insurance announced on the 14th that it has launched the 'Wise Health Life Insurance' for the elderly and those with pre-existing conditions.

[Asia Economy Reporter Oh Hyung-gil] MG Insurance announced on the 14th that it has launched the 'Wise Health Life Insurance' for the elderly and those with pre-existing conditions.

Even if there are other medical histories, if there is no hypertension or diabetes, it is possible to subscribe at a more reasonable premium compared to other insurance for those with pre-existing conditions.

The insurance covers the three major diseases including cancer, cerebrovascular disease, and ischemic heart disease diagnosis fees, and adds coverage for mild and severe dementia diagnosis fees, long-term care diagnosis fees (grades 1 to 5), and advanced new medical technology treatment fees.

Additionally, it includes lifestyle-oriented coverage for those with pre-existing conditions such as respiratory, ophthalmology, and otolaryngology surgery fees, spinal injury and disease surgery fees, urinary incontinence surgery fees, shingles, urinary stones, and also adds senior-specific coverage such as senior multiple cancer and senior fracture diagnosis and surgery fees.

It provides various health management services including health consultations, preventive care, and disease management, and newly established a special contract that supports housekeeping assistance in case of severe dementia or cancer diagnosis.

Subscription is available from age 40 up to 90, with insurance periods of 10, 20, or 30 years. It is an automatic renewal type with annual maturity up to age 100.

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