Heungkuk Fire & Marine Insurance Obtains Exclusive Rights for Industry-First Childhood Hearing Loss Diagnosis Coverage

Childhood Hearing Loss Treatment, Industry-First Coverage Guarantee for Comprehensive Developmental Disorders (Autism) Diagnosis

[Asia Economy Reporter Ki Ha-young] Heungkuk Fire & Marine Insurance announced on the 24th that it has developed five types of coverage guarantees for early childhood and obtained exclusive usage rights for its currently sold 'Non-dividend Mom Comfortable Child Love Insurance.'

The coverage guarantees for which exclusive usage rights were obtained this time are ▲Permanent moderate or higher hearing loss diagnosis benefit ▲Permanent moderate to severe hearing loss diagnosis benefit ▲Permanent severe or higher hearing loss diagnosis benefit ▲Newborn hearing loss diagnosis benefit ▲General developmental disorder diagnosis benefit. Accordingly, other insurance companies will not be able to develop and sell the same five types of coverage guarantees for which Heungkuk Fire & Marine Insurance has obtained exclusive usage rights for the next three months.

Hearing loss and general developmental disorders such as childhood autism and Asperger's syndrome require early childhood treatment, but the coverage level in existing children's insurance products was insufficient. The new coverage guarantees related to hearing and mental illness introduced by Heungkuk Fire & Marine Insurance this time are the first in the industry.

The permanent moderate or higher hearing loss diagnosis benefit, permanent moderate to severe hearing loss diagnosis benefit, and permanent severe or higher hearing loss diagnosis benefit are available for enrollment from fetus to age 5 and provide coverage classified according to the degree of permanent hearing loss diagnosis. Insurance benefits are paid once upon the first diagnosis corresponding to each degree, and coverage is provided up to age 100.

The newborn hearing loss diagnosis benefit is available for enrollment from the fetal stage and pays insurance benefits once upon the first diagnosis of hearing loss based on the newborn hearing screening test results during the newborn period, providing coverage for one year from the time of enrollment.

The general developmental disorder diagnosis benefit is available for enrollment from the fetal stage and pays insurance benefits once upon the first diagnosis of general developmental disorders including childhood autism, Asperger's syndrome, and Rett syndrome, providing coverage up to age 18.

Kim Jin-sung, Executive Director of Product Operations at Heungkuk Fire & Marine Insurance, said, "General developmental disorders including autism and hearing loss are diseases that require early childhood treatment," adding, "We expect that this new coverage will alleviate some of the concerns of parents with children who have hearing loss and general developmental disorders, which were previously in insurance blind spots."

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