Lotte Insurance announced on August 3 that it has launched the 'let Simple Health Insurance 3·6·10,' which offers lower premiums for customers without a history of chronic illnesses such as hypertension, diabetes, or dyslipidemia.
This product features additional disclosure requirements related to chronic illnesses, refining the enrollment criteria from the existing '3·6·10 Health Insurance.' Customers can enroll if they meet the health status disclosure conditions and have no history of two or more of the three chronic conditions.
Customers with no history of any of the three chronic illnesses can reduce their premiums by up to 17% compared to existing products. Those with a history of one chronic illness can also enroll at lower premiums than traditional simple insurance plans.
A term extension option is also available to reduce premium burdens. For a 50-year-old male under the first-class injury standard, enrolling in an 80-year term product can be up to 31% cheaper than a 100-year term product. Customers can receive coverage until age 100 by re-enrolling after the 80 or 90-year term.
While existing simple insurance plans have lower enrollment thresholds, they often do not adequately reflect individual health statuses in premium calculations. Lotte Insurance explained that by establishing separate disclosure requirements for chronic illnesses, it has lowered the premium burden for relatively healthy customers.
A Lotte Insurance representative stated, “This product more accurately reflects the health status of simple disclosure customers in the premium calculation,” adding, “We will continue to introduce products tailored to customers' health conditions and coverage needs.”
* This article has been translated by AI.
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