Hanwha Life Insurance prepares 'Dementia Care Plus Insurance'

*This content was translated by AI.

Hanwha Life Insurance has launched "Hanwha Life Dementia Care Plus Insurance," an insurance product that can prepare not only dementia and nursing but also retirement funds.

This product was developed to respond to the increasing risks of dementia and care in a fast-paced super-aged society and reflect the various retirement preparation needs of customers.

As Korea enters a super-aged society, the number of dementia patients is increasing rapidly, and the burden of care is also emerging as a social issue. According to the Central Dementia Center's "Korea Dementia Status" report, 71.3% of dementia patients are cared for by their families, and the annual management cost of severe dementia patients is about 34.8 million won.

The biggest feature of Hanwha Life Insurance's Dementia Talk is that it is "guaranteed if you are sick, and can be used as a retirement fund if you are healthy." It is designed to flexibly utilize funds depending on the situation as it can convert part of the contract into a pension or accumulation form while preparing for dementia and nursing risks.

The scope of dementia coverage has also been strengthened. Unlike existing dementia insurance, which has mainly guaranteed three or more points of clinical dementia (CDR) or severe dementia, this product has a structure that actively guarantees early dementia in the CDR stage of 1 to 2 points. The design takes into account the entire process from testing to treatment and coverage.

An official from Hanwha Life Insurance said, "With social interest in dementia and care growing, it is a product designed to ensure dementia and nursing, and to prepare for retirement through pension conversion if healthy."

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*This content was translated by AI.