Kakao Pay Insurance announced that it is extending the maximum expiration age of its non-participating health insurance from 80 years to 100 years, responding to growing life expectancy and rising medical costs among older adults. The change comes after continued customer requests to address coverage gaps and improve product competitiveness.
With this update, policyholders can select an expiration age ranging from 60 to 100 years in five-year increments, allowing for customized coverage based on individual health, lifestyle, and financial planning needs.
Kakao Pay Insurance provides five core protections targeting three major diseases: cancer, cerebrovascular disease, and ischemic heart disease. Coverage includes cancer diagnosis benefits (with a 90-day waiting period, excluding similar cancers), benefits for similar cancer diagnoses, cerebrovascular disease diagnosis, ischemic heart disease diagnosis, and emergency room expenses.
Customers can choose between a basic plan, which focuses on treatment costs with affordable premiums, and a robust plan, which offers enhanced coverage for long-term treatment and potential income gaps.
In addition, policyholders can customize their own personal health insurance by selecting from eight special package options. These include cancer care, brain and heart protection for families, stress-free surgery, women’s health, seasonal illnesses, active lifestyle, workplace stress, and habits-related coverage for diet and alcohol. Each package is designed to address common life events and medical needs, such as surgeries, serious illnesses, tests, women’s health issues, epidemics, fractures, burns, stress-related conditions, and gastrointestinal diseases.
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