Hyundai Marine & Fire Insurance "Good&Good Children's Comprehensive Insurance Q, Obtains Exclusive Usage Rights for 3 New Risk Coverages"
[Asia Economy Reporter Changhwan Lee] Hyundai Marine & Fire Insurance announced on the 3rd that its children-only insurance product, ‘Good & Good Children's Comprehensive Insurance Q,’ has obtained an exclusive usage right for three months for three new risk coverages (disease-related maxillofacial surgery, ingrown toenail treatment, and tic disorder medication treatment) in recognition of their originality and usefulness.
The maxillofacial surgery coverage provides protection when maxillofacial surgery is performed due to disease and a benefit item occurs. This treatment is given in cases where severe malocclusion causes jawbone misalignment, resulting in difficulties with chewing or speech functions.
The company explained that it resolved the coverage gap for surgery costs caused by dental diseases, which were not covered under the existing disease surgery benefits, and enhanced the usefulness of the coverage by expanding the underlying diseases to all diseases.
Along with the ingrown toenail treatment coverage, which also covers procedural treatments and care, a new tic disorder medication treatment coverage was established to provide benefits when medication is prescribed for more than 30 days following a tic disorder diagnosis, regardless of severity. This meticulous and thorough coverage was highly evaluated for providing practical benefits to customers.
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Jae-kwan Park, Head of the Long-term Products Part 2 at Hyundai Marine & Fire Insurance, said, “Hyundai Marine & Fire Insurance has led the children's insurance market by offering products that comprehensively cover risks related to fetuses and mothers from before birth onward. We will continue to integrate advanced big data to develop various risk coverages and do our best to provide products that ensure consumers are fully protected without gaps.”
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