"Galaxy Watch Giveaway" Samsung Life Launches 'Samsung Yukwaetongkwae Health Insurance (Non-Dividend) Watch4U'

[Asia Economy Reporter Changhwan Lee] Samsung Life Insurance announced on the 6th that it will start selling the 'Samsung Yukwae Tongkwae Health Insurance (Non-dividend) Watch4U,' which allows customers to prepare both robust health management and reliable coverage at once, starting from the 7th.

Samsung Life Insurance is the first in the industry to provide customers who subscribe to the 'Samsung Yukwae Tongkwae Health Insurance (Non-dividend) Watch4U' with a Galaxy Watch4 as a health management device.

The company explained that this is to help customers not only with the basic insurance function of preparing for future diseases but also to assist in health management and improvement so that customers can enjoy solid coverage and a stable old age based on a strong body.

Customers can check important health factors daily through the Galaxy Watch4, including step count, exercise amount, blood pressure, body composition, and sleep measurement.

One advantage is that exercise amounts can be set and managed for various types of exercise such as walking, cycling, and treadmill running, and exercise information can be checked in detail through Samsung Life Insurance’s dedicated health management app.

To assist customers' health management, all subscribers are also provided with the 'Healthy Life Plus' service.

When exercise goals are achieved through exercise measurements linked from the Galaxy Watch4 to the dedicated health management app, 1,000 S Points are awarded weekly. This is achieved by walking more than 8,000 steps a day or exercising for more than 30 minutes at least five days a week.

The awarded S Points can be used to purchase health-related products at affiliated point malls or converted into cash when accumulated to 30,000 S Points or more.

In addition, an AI health analysis service is provided once a year using customers' health checkup information, including health age, expected survival rate, and major disease incidence statistical indices.

The 'Samsung Yukwae Tongkwae Health Insurance (Non-dividend) Watch4U' guarantees diagnosis for six major diseases: cancer, cerebral hemorrhage, acute myocardial infarction, chronic liver, lung, and kidney diseases.

Cancer, brain, and heart diseases have been covered by major health insurance, but including chronic liver, lung, and kidney diseases in the main insurance is the first among Samsung Life Insurance health insurance products.

For diagnoses of the six major diseases after age 65, 150% of the insurance payout before age 65 is guaranteed, and a graduated coverage system has been introduced where customers who subscribe to the 'Plus Hospitalization and Surgery Rider' receive 150% of the insurance payout before age 65 for hospitalizations and surgeries after age 65.

The insurance premium payment is fully waived upon the first diagnosis of the six major diseases, reducing the customer's burden. Also, Samsung Life Insurance has introduced the 'Six Major Diseases Premium Refund Rider' for the first time in its health insurance, which refunds the amount obtained by multiplying the agreed premium by the number of months paid upon the first diagnosis of the six major diseases during the rider’s insurance period.

Additionally, through riders, chronic diseases common among modern people such as diabetes, hypertension, hyperlipidemia, and specific musculoskeletal disorders are covered, and examination fees (MRI) for cancer, cerebrovascular diseases, and ischemic heart diseases are also covered during the insurance period.

The subscription age ranges from 20 to a maximum of 70 years old, and the payment period can be selected from 10, 15, or 20 years.

A Samsung Life Insurance official said, “This product is designed to help customers manage their health by providing the industry's first health promotion service linked with a smartwatch in line with this year’s Customer Health Asset Up Campaign, allowing customers to prepare for healthier and more reliable coverage,” adding, “We plan to continue introducing various products and services to improve customers’ health assets.”

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