Kakao Pay Insurance announced on the 27th that it will extend the expiration of its 'non-participating health insurance' from the current 80 years to a maximum of 100 years. As life expectancy increases and the burden of medical expenses in old age rises, the need for long-term protection becomes greater. Following the actual product launch, inquiries about extending the expiration have continued, and this change reflects user requests to address coverage gaps and enhance the product's competitiveness.
With this revision, users can choose the expiration from 60 years up to 100 years in 5-year increments. This allows for tailored coverage designs based on individual health conditions, lifestyles, and financial plans through more flexible period settings.
Kakao Pay Insurance's health insurance offers five basic protections centered on three major diseases: cancer, cerebrovascular diseases, and ischemic heart disease. This includes cancer diagnosis benefits (excluding similar cancers, with a 90-day waiting period), similar cancer diagnosis benefits, cerebrovascular disease diagnosis benefits, ischemic heart disease diagnosis benefits, and emergency room visit expenses (emergency). Users can choose between the basic plan and the robust plan, depending on the level of coverage. The basic plan focuses on treatment costs with a reasonable premium, while the robust plan enhances coverage considering long-term treatment and income gaps.
Additionally, users can design their own 'personal health insurance' by adding eight special package options. These include cancer care packages, brain and heart packages for families, stress-free surgery packages, valuable women's packages, seasonal illness packages, active lifestyle packages, workplace stress packages, and drinking and eating habit packages. Each package is tailored for various situations that can frequently occur in daily life, including cancer surgery, serious illnesses, tests, women's diseases, epidemic diseases, fractures, burns, stress-related diseases, and gastrointestinal diseases.
Users can eliminate unnecessary coverage and add only the needed coverage to calculate a reasonable premium. For example, if a 20-year-old woman subscribes to the basic plan (pure coverage type) with a benefit period extending to 100 years, the monthly premium is approximately 16,044 won. Even if all eight special package options are added, the total monthly cost remains only 42,980 won. The non-renewable structure ensures that the premium calculated at the time of initial subscription remains the same until maturity, reducing long-term expense burdens.
The subscription process is also simple. Users can directly subscribe through Kakao Talk without phone consultations or face-to-face recommendations, and the assessment is carried out with just four health questions regarding hospitalization or surgery within the last five years.
Kakao Pay Insurance said, 'This revision reflects user requests while also aiming to alleviate the burden of medical expenses in old age amid increasing life expectancy and to resolve coverage gaps.' The company added, 'We will continue to provide a strong safety net through user-centered product innovations.'