Samsung Fire & Marine Insurance Strengthens Coverage of Health Insurance 'My Health Partner'

[Asia Economy Reporter Changhwan Lee] Samsung Fire & Marine Insurance announced on the 13th that it has been selling the revised health insurance product 'My Health Partner' since the 24th of last month, aimed at strengthening product competitiveness.

This product is a customized consulting insurance that covers everything from death, diagnosis, surgery, and hospitalization due to injury or illness to liability arising in daily life, all in one product.

Through this revision, Samsung Fire & Marine Insurance established 16 new coverages and added a product structure called 'Non-Surrender Value Payment Type with Standard Refund Rate after Payment Completion,' which increases the surrender refund rate after payment completion.

The company explained that subscribing to this product structure has the advantage of a higher surrender refund rate after payment compared to the existing 'Non-Surrender Value Payment Type' products.

The most notable among the newly established coverages is the disability diagnosis benefit, including mild disabilities.

Customers can choose from four special contracts according to their needs: diagnosis benefits for 12 severe disabilities, diagnosis benefits for 12 disabilities, diagnosis benefits for severe brain lesion and heart disabilities, and diagnosis benefits for brain lesion and heart disabilities.

In particular, if you subscribe to the special contract for diagnosis benefits for 12 disabilities, compensation is possible for mild disabilities among the 12 disabilities, including brain lesion and heart disabilities.

This coverage pays 5 million KRW once for the first time if a disability among the 12 disabilities occurs due to injury or a diagnosed disease during the insurance period and the person is registered as disabled.

The 12 disabilities include physical disability, brain lesion, visual, hearing, speech, facial, heart, liver, respiratory, stoma/urinary diversion, and intellectual disabilities. However, autism, mental, and epilepsy disabilities are excluded from coverage.

The diagnosis benefit for brain lesion and heart disabilities is a coverage that compensates up to 2 million KRW once for the first time. It can be subscribed together with the diagnosis benefit for 12 disabilities or separately. However, this special contract can be subscribed up to a maximum of 5 million KRW combined with the diagnosis benefit for 12 disabilities.

Additionally, if registered as severely disabled according to the standards set in the policy, you can additionally subscribe to the diagnosis benefit for 12 severe disabilities and receive compensation up to 100 million KRW once for the first time.

If all four disability diagnosis benefits are subscribed and brain lesion or heart disability occurs due to injury or diagnosed disease during the insurance period and the person is registered as severely disabled, compensation up to 105 million KRW will be provided.

The coverage for heart disease diagnosis benefits has also been strengthened. The diagnosis benefit for two major heart diseases is a special contract that compensates 5 million KRW once for the first time if diagnosed with heart failure or cardiomyopathy.

Coverages that were only available through 'The Him-i Doeneun Cancer Insurance' have also been added.

With this revision, popular cancer insurance special contracts such as second cancer diagnosis benefits, site-specific cancer diagnosis benefits, initial surgery costs for similar cancers, support for cancer-covered MRI examination costs, and support for cancer-covered PET examination costs can now be subscribed through My Health Partner.

A Samsung Fire & Marine Insurance official said, "We aimed to introduce various coverages tailored to the modern life cycle," and added, "We plan to continue introducing various products that can minimize coverage gaps for customers."

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