[Sponsored Report] Seniors warming up to Hanwha’s life insurance

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[Sponsored Report] Seniors warming up to Hanwha’s life insurance

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Hanwha’s life insurance for seniors covers diagnosis of cancer.

The interest in cancer insurance for seniors is growing rapidly as Korean society is aging at a fast pace. Hanwha Life Insurance is leading the senior cancer insurance trend with its Heartwarming Silver Cancer Insurance, which launched last December.

“It was difficult for people over the age of 60 to find insurance that covers cancer, a major source of death in Korea,” a Hanwha Life official said. “Heartwarming Silver Cancer Insurance will definitely be a heartwarming present for parents.”

Heartwarming Silver Cancer Insurance, which is aimed at people aged 60 to 75, offers the most benefits compared to its competitors.

Seniors who choose the 25 million won ($23,306) life insurance will receive up to 50 million won if diagnosed with life-threatening cancers such as leukemia, brain cancer, osteomyelitis, esophageal cancer or pancreatic cancer.

Upon diagnosis of other cancers, patients will receive up to 25 million won, with the exception of breast cancer, colon cancer and prostate cancer, for which the customer will receive up to 5 million won. If a patient is diagnosed with cancer at an early stage, they will be given up to 2.5 million won.

In addition, the insurance covers the death of the policyholder from cancer, in which a payout of up to 50 million won will be made.

Hanwha guarantees to accept seniors with high blood pressure or diabetes - diseases that afflict many people in their 70s - and a 5 percent discount is given to policyholders who do not suffer from these illnesses.

A discount of 1.5 percent is also offered to those purchasing the insurance for their parents.

The monthly payment on a 25 million won contract for 60-year-old men and women is 73,150 won and 32,850 won, respectively.

Heartwarming Silver Cancer Insurance has a 10-year contract renewal period and is valid until the policyholder reaches 100 years old.

For more information, call 1588-6363 or visit www.hanwhalife.com.

By Kim Young-shin [yskim11@joongang.co.kr]
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