Premium Discounts for Families Enrolling Together... Samsung Life Launches "Samsung Family Representative Health Insurance"

On May 11, Samsung Life Insurance announced the launch of its new product, "Samsung Family Representative Health Insurance" (non-participating, no surrender value type), which offers premium discounts when family members enroll together in celebration of Family Month in May.

"Samsung Family Representative Health Insurance" is Samsung Life Insurance's flagship health insurance product, providing premium discounts when families enroll together and meet certain requirements. The scope of eligible family members for discounts, which was previously limited to spouses and direct ancestors or descendants, has now been expanded to include siblings. In addition, if one family member becomes exempt from premium payments due to a critical illness, the discount rate on premiums for other family members' contracts will be increased from the previous 5% to up to 10%. Furthermore, six new rider options have been introduced to provide practical, everyday coverage—such as emergency room visits, influenza, and casts—enabling one family member to be protected under a single contract without separate screening or disclosure.

This product also strengthens core coverage for cancer and circulatory system disease treatments, aiming to address coverage gaps associated with an aging population. In particular, a new rider, the "Premium Class II Major Cancer Treatment Coverage (Advanced General Hospital Plus) Rider," has been introduced to cover uninsured surgeries, chemotherapy, and radiation therapy at advanced general hospitals and the National Cancer Center for 10 years from the date of cancer diagnosis.

In addition, two in-kind benefit riders are available for customers and family members diagnosed with cancer: the "Cancer Screening Support Rider after Cancer Diagnosis" and the "Prognosis and Prediction Test Support Rider for Specific Breast Cancer Diagnosis (Oncotype DX Test)." Rather than simple cash payouts, these riders offer examination vouchers and diagnostic testing services, thereby broadening the scope of coverage.

A Samsung Life Insurance representative stated, "Starting in May, which is Family Month, we have expanded our family-themed offerings in line with our strategy that 'family products mean Samsung Life Insurance,' and have launched a product that families can enroll in together with confidence." The representative added, "We will continue to strive to develop products that reflect the protection needs of customers and their families."

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