BNP Paribas Cardif Life Insurance, the Korean subsidiary of BNP Paribas Cardif, the insurance arm of BNP Paribas, is pleased to announce that it is offering ‘(NP) 6180 Silver Cancer Insurance (renewable)’, through nationwide branches of Hana Bank, from today.
‘(NP) 6180 Silver Cancer Insurance’ is a cancer insurance product dedicated to seniors between the age of 61 and 80. BNP Paribas Cardif Life Insurance guarantees coverage up to the age of 100 if policyholders renew the insurance every 10 years. Seniors with common chronic diseases such as diabetes and high blood pressure are also eligible for subscription, and a 5% discount on premium will be applied for those who submit medical proofs that they do not have these related illnesses.
By including high-cost cancers into the coverage for the basic policy plan instead of a rider, the product enhances protection and helps customers gain a better understanding of the product.
Another great merit of ‘(NP) 6180 Silver Cancer Insurance’ is that it is a bancassurance-exclusive product, allowing senior customers who often visit bank branches to easily get information about the product and subscribe at a bank window.
Byung Uk Lee, Chief Marketing Officer of BNP Paribas Cardif Life Insurance, said: “‘(NP) 6180 Silver Cancer Insurance’ is designed for seniors who have difficulties subscribing to cancer insurance due to age barriers and the burden of high premiums. According to the Ministry of Health & Welfare’s data released last year, 1 out of 3 people in Korea will be diagnosed with some kind of cancer. We hope that more senior citizens will have an opportunity to benefit from ‘(NP) 6180 Silver Cancer Insurance’ by subscribing to the product conveniently at a local bank branch.”
‘(NP) 6180 Silver Cancer Insurance’ is available at a monthly premium of KRW 49,600 for men and KRW 32,100 for women who are 61 years old. Guaranteed claim at maximum is KRW 40 million for high-cost cancers such as leukemia, brain cancer and acute myeloid leukemia and KRW 20 million for general cancers such as stomach cancer, lung cancer and colorectal cancer.
In addition, BNP Paribas Cardif Life Insurance will organize an event to give away gifts for customers who subscribe to the insurance during the months of July and August. Details are available on the website cardif.co.kr or through the call center at 1688-1118.
Gross premium KRW 10 million with an option of 10% return of the premium. For a product with a 10-yr maturity, the total premium needs to be paid within the protection period. The amount is in the case of first contract.