ABL Life Extends "Health Grade-Based Insurance Premium Discount Service" for 6 Months

[Asia Economy Reporter Changhwan Lee] ABL Life announced on the 16th that it will expand the 'Health Grade Applied Insurance Premium Discount Service,' designated as an innovative financial service by the Financial Services Commission, to include previously sold cancer insurance policies and apply it on a trial basis for six months.

Customers who are currently enrolled in and maintaining the ‘Continuous Cancer Insurance,’ ‘Better Continuous Cancer Insurance,’ or ‘Allianz Continuous Cancer Insurance’ can apply for the service by the 27th of next month. If their ‘Health Grade’ is calculated to be between grades 1 and 4, they will receive a 5% discount on their premium for six months from April to September.

The health grade can be checked through the mobile app ‘LOG.’ Customers can access the ‘LOG’ app, consent to the processing of personal information, and then view their health grade results based on factors such as gender, age, health status, and medical usage information.

The health grade is calculated on a scale from 1 to 9, considering various factors including BMI (Body Mass Index), blood pressure, urine protein, hemoglobin, fasting blood glucose, liver function levels, cholesterol, number of medical institution visits, and smoking status. A grade closer to 1 indicates better health condition.

Eun Jaekyung, Head of Product & Marketing at ABL Life, said, "The health grade is a more advanced health indicator focused on enabling customers' efforts toward a healthy life to be systematically linked to insurance premium discounts." She added, "We will continue to strive to help customers lead a ‘better life’ through the development of innovative services that lead the market."

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