Kyobo Life Insurance launches Thorough Women’s Health Plan with Industry-First Genetic Testing Coverage
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Kyobo life Insurance has unveiled a new health insurance product, ‘Kyobo Double Up Women’s Health Insurance (non-dividend),’ designed to provide comprehensive coverage for women throughout all stages of life, from reproductive health to geriatric care. The plan distinguishes itself with industry-leading coverage and,notably,the first-ever inclusion of genetic testing for hereditary female cancers.
Kyobo life Insurance’s new offering aims to address the unique healthcare needs of women, offering a single policy that covers a broad spectrum of conditions. According to a company release, the insurance strengthens women’s health coverage to the highest level currently available in the market.
Lifelong Protection Against Major Illnesses
The core of the ‘Kyobo Double Up’ plan provides lifelong coverage for diagnoses of cancer, cerebral hemorrhage, and acute myocardial infarction. A key benefit is the doubling of insurance payouts for these major diseases after 20 years of subscription. Furthermore, the policy offers an additional 20% coverage on the subscription amount for female-specific cancers, including breast, uterine, and ovarian cancers.
for example, a policyholder with a 50 million won subscription could receive 60 million won upon diagnosis of a female-specific cancer – increasing to 120 million won after 20 years of continuous coverage. Additional benefits extend to coverage for cerebral hemorrhage or acute myocardial infarction, offering an extra 50 million won payout (100 million won after 20 years).
Specialized Coverage Across the Female Lifespan
Beyond core illness coverage, ‘Kyobo Double Up’ boasts over 120 specialized contracts tailored to the evolving health needs of women. The plan has secured exclusive rights from the Life Insurance Association to cover the costs of specific genetic tests, including NGS genetic panel tests, crucial for the diagnosis and treatment of hereditary female cancers.
This comprehensive approach extends to a wide range of conditions, including infertility treatment, endometriosis, HIFU procedures, mammograms, osteoporosis, rheumatoid arthritis, urinary incontinence surgery, and dementia. The policy also incorporates coverage for advanced cancer treatments, such as da Vinci robotic surgery, baryonic radiation therapy, and integrated cancer diagnosis.
elevated Healthcare Services for Women
Kyobo Life Insurance has also considerably upgraded its healthcare services specifically for female policyholders.The ‘Kyobo New Healthcare Service Women Specialized’ program, available with premiums of 30,000 won or more per month, introduces an industry-first: a nurse accompanying service for general hospital treatment related to high-risk pregnancies and infertility treatments for women in their 30s and 40s.
Additional services include housekeeper assistance for those hospitalized or undergoing surgery due to high-risk pregnancies, and a hospital accompanying manager for pregnant women beyond 35 weeks of gestation. For women in their 50s, the plan provides menopausal psychological counseling and slow-aging diet consulting, while seniors aged 65 and over receive hospital accompanying manager services during general hospital treatments.
The ‘Kyobo Double Up Women’s Health Insurance (non-dividend)’ is available for enrollment to individuals aged 15 to 70, with premium payment options available until age 100.
Why was this plan launched? Kyobo life Insurance launched the ‘Kyobo Double Up Women’s Health Insurance’ to address the specific and frequently enough underserved healthcare needs of women throughout their lives, offering comprehensive coverage beyond traditional health insurance plans. The company identified a gap in the market for a policy that caters to the unique health challenges women face at different stages, from reproductive health to geriatric care.
Who is this plan for? the plan is designed for women aged 15 to 70,
