According to journalist Song Joo-oh from Edaily, Kakao Pay Insurance announced the launch of a new product called the “Non-dividend Gift Child Insurance” on the 7th. This insurance can be easily gifted through KakaoTalk to families or acquaintances with children aged 0 to 15 and provides practical coverage for various illnesses and accidents that children may experience.
The Gift Child Insurance covers multiple risks that children might face as they grow up. It offers 13 essential coverage items without the need for additional riders. These include coverage for emergency room visits, antiviral treatment for influenza, pneumonia diagnosis, and hand-foot-mouth disease diagnosis (once per year), helping to alleviate concerns about minor illnesses. It also provides protection for children in risky situations by covering costs for injury-related surgery and hospitalization (1-10 days), fracture diagnosis (including dental fractures), cast treatment, burn diagnosis and surgery. Additionally, it includes coverage for traffic accident hospitalization (1-180 days for non-drivers) and traffic accident-related disabilities (3-100% for non-drivers), reducing the financial burden of unexpected accidents.
The Gift Child Insurance allows for overlapping coverage even if there are existing insurance plans such as prenatal, children’s, or indemnity insurance. It can be conveniently given as a gift through KakaoTalk, and once the recipient inputs the necessary information, the subscription is completed. This makes it a useful gift not only for parents but also for friends or family with children.
Gift-givers can select products within their desired price range to lessen the financial burden. The subscription period ranges from one to three years, with a choice between the basic “standard” plan and the “premium” plan with higher coverage amounts. The standard plan starts at a minimum of 20,000 KRW (based on a one-year subscription for a 15-year-old girl), while the premium plan goes up to over 200,000 KRW (based on a three-year subscription for a newborn girl), expanding the options available. Regardless of the subscription period and plan, all coverage items are consistent, ensuring satisfaction for both the giver and the recipient. The product is a “pure protection type,” meaning the giver pays the premium once, and the insurance remains active thereafter.
Detailed coverage information and pricing are available on the Kakao Pay Insurance website. Jang Young-geun, CEO of Kakao Pay Insurance, stated, “The Gift Child Insurance is a gift filled with care and consideration for a child’s future and health. It will serve as both a safety net and a practical special gift in everyday life.”