Shinhan Life has launched a customizable health insurance product named the Shinhan Integrated Health Care Insurance ONE, according to an announcement by the company on October 26. The offering lets policyholders build a personalized plan from roughly 100 optional riders, targeting specific coverage areas such as cancer diagnostics, hospitalization, and surgical costs based on individual financial capacity and medical needs.
Comprehensive Cancer Treatment Coverage
The product features an enhanced cancer care component designed to cover the entire medical journey from diagnosis to treatment. According to Shinhan Life, policyholders can select an “all-cover” structure that includes targeted drug therapy, radiation treatment, and specialized or complex cancer care protocols through specific optional riders. The company has also lowered baseline premiums for general cancer diagnosis coverage to compete within the domestic insurance market.
To address evolving medical trends, the plan incorporates specific riders for major and complex cancer treatments. Furthermore, Shinhan Life added a dedicated treatment cost rider for specific circulatory system diseases to expand financial protection for cardiovascular and cerebrovascular conditions.
This tiered approach allows customers to select a structure that aligns with their premium payment capacity. To further reduce upfront financial burdens, the product introduces a non-surrender refund structure, which offers lower premiums in exchange for no refund value if the policy is cancelled during the active payment period.
| Plan Feature | Standard Policy Options | Simplified Underwriting Options |
|---|---|---|
| Eligible Entry Age | Ages 15 to 70 | Up to age 80 |
| Coverage Duration | 90-year maturity or whole life | |
| Core Riders | Targeted cancer therapy, first-day hospitalization, circulatory disease care | Adapted for individuals with past medical histories |
| Refund Structure | Non-surrender refund option available |
Eligibility and Simplified Underwriting
The standard policy is available to applicants aged 15 to 70, with coverage terms extending to either a 90-year maturity or a whole-life duration. To accommodate consumers with prior medical histories who typically face barriers to securing coverage, Shinhan Life also provides a simplified underwriting version. This alternative pathway raises the maximum entry age to 80, broadening accessibility for older demographic segments seeking comprehensive health guarantees.
Frequently Asked Questions
Who is eligible to purchase the Shinhan Integrated Health Care Insurance ONE?
The standard policy accepts applicants between the ages of 15 and 70. Additionally, a simplified underwriting version is available for customers with past medical histories, extending the maximum enrollment age to 80.
What treatment categories are included in the cancer coverage?
The optional riders span diagnostics, medical testing, targeted drug therapies, radiation treatments, and major or complex cancer care protocols.
What are the available policy duration terms?
Policyholders can choose between a 90-year maturity term and a whole-life coverage structure.
Related reading
- AI Algorithm Accurately Detects Hypertension and Diabetes from Facial Video
- Holistic vs. Traditional Dentistry: The Functional Approach
- Shift Supervisor Job at CVS Health – Bristol, Rhode Island (news-usa.today)
- 10 Simple Life Hacks for Seniors to Ease Daily Tasks, Manage Chronic Conditions, and Improve Independence – A Guide for Seniors, Caregivers, and Families” Keyword Density: seniors (6.4%), life hacks (3.2%), daily tasks (3.1%), chronic conditions (2.5%), independence (2.3%), caregivers (1.9%), families (1.4%), aging health (1.2%), senior care (1.1%). (archyworldys.com)