Hyundai Marine & Fire Insurance Launches 'Good & Good Children's Dental Insurance' Covering Orthodontic Treatment

[Asia Economy Reporter Changhwan Lee] Hyundai Marine & Fire Insurance announced on the 20th that it will launch the ‘Good & Good Children’s Dental Insurance,’ a children-only dental insurance that guarantees dental treatment by growth stage and includes preventive services.

The new product is characterized by specializing in dental risks that may occur at different stages from infancy to adulthood. It newly includes fluoride application and pit and fissure sealant treatments performed to prevent cavities during infancy, as well as orthodontic treatment, which is the most burdensome dental expense during adolescence.

For customers who want coverage up to adulthood, implants are covered up to a maximum of 2 million KRW, and re-treatment coverage such as re-implantation is also included.

In particular, the orthodontic treatment coverage not only compensates for malocclusion diagnosis, which previously only covered molar malocclusion, but also, for the first time in the industry, additionally covers extraction orthodontics such as crowded teeth and jaw correction treatment. The company also emphasized that if insurance benefits of up to 300,000 KRW are received within 5 years, a 10% discount on future premiums will be provided.

Customers who subscribe to the Type 1 Health Promotion plan receive a smart toothbrush set and a one-year membership to Brush Monster (a dental care app). Children can access Brush Monster and enjoy brushing their teeth by rescuing new monster friends every day with a smart toothbrush, following augmented reality (AR) guides displayed on their faces.

Additionally, points earned while brushing can be used to purchase toothpaste and toothbrushes. Providing proper tooth brushing habit learning and continuous dental care services for children is another major feature of this new product.

‘Good & Good Children’s Dental Insurance’ is available for children aged 2 to 14. The Type 1 Health Promotion plan offers terms of 20, 30, 60, or 80 years, while the Type 2 Treatment Focused plan offers terms of 15 or 20 years. Premiums for a 5-year-old are approximately 40,000 KRW for Type 1 and about 25,000 KRW for Type 2.

Yoon Kyungwon, head of the Long-term Products Part 1 at Hyundai Marine & Fire Insurance, said, “For children, proper habits and prevention are more important than expensive dental treatments, so we developed a health promotion exclusive insurance incorporating healthcare services. As we have the largest number of children’s insurance customers in the industry, we will continue to strive to provide various services to help children’s health management and habit formation.”

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