ABL Life launches '(Non-ABL Internet Four Pack! Package Health Insurance (Renewable))'

[Asia Economy Reporter Changhwan Lee] ABL Life's online channel insurance brand, ABL Internet Insurance, announced on the 31st that it will launch the ‘(Non-Participating) ABL Internet Four-Just-Right! Package Health Insurance (Renewable)’ on the 1st of next month, which simply organizes various coverage benefits into four packages.

This product offers various benefits related to cancer, cerebral hemorrhage and acute myocardial infarction, hospitalization and surgery, and disease and accident disability, structured mainly around core coverage and provided as riders.

Customers can freely design four package riders along with the main contract for accidental death. By subscribing to the ‘Cancer Coverage Package Rider,’ coverage is available not only for general cancer and minor cancer but also for surgery of benign neoplasms in 12 major organs (including polyps in 3 major organs) and targeted anticancer drug treatment.

Choosing the ‘Brain and Heart Coverage Package Rider’ covers diagnosis of cerebral hemorrhage, cerebral infarction, and acute myocardial infarction, thrombolytic treatment for acute myocardial infarction, as well as partial coverage for examination costs such as cerebral angiography, coronary angiography, brain MRI, cardiac MRI, and brain CT.

Adding the ‘Hospitalization and Surgery Coverage Package Rider’ allows receiving hospitalization benefits from the first day depending on the hospital scale, and surgery benefits corresponding to surgery classification types 1 to 5.

The ‘Disability Coverage Package Rider’ provides coverage related to accidental death from traffic accidents, hit-and-run and uninsured vehicle traffic accident death, disease disability, accident disability, traffic accidents, specific appearance injury surgeries, fracture treatment costs by grade, and cast treatment costs.

The ‘(Non-Participating) ABL Internet Four-Just-Right! Package Health Insurance (Renewable)’ is an online-exclusive product that reduces various fees but can further lower premiums depending on health grades.

The company explained that if customers apply for the ‘Health Grade Discount Service’ at subscription, they can receive up to a 15% discount on the selected rider premiums (excluding the Disability Coverage Package Rider) according to the discount rates by health grade.

Kim Jong-moon, Manager at ABL Life, said, "We developed the riders in four package forms so that customers can conveniently select the coverage they need," adding, "Since it offers well-balanced benefits and premium discounts based on health grades, we hope it will help customers who needed health insurance."

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