The founding of A-Gen Life and its insurance product became a huge issue. There was also a debate in the public over whether it could be viewed as an insurance product or not. It was because the insurance business A-Gen Life started was very different compared to the existing insurance business in many ways.2

They were selling a unique product to high-risk people who existing insurance companies would not take. The price of diagnostic kits was included in the premium, and the customer would pay the premium.0

If the customer self-diagnosed with the diagnostic kit and did not develop cancer until the expiry date, it was the end. A-Gen Life would provide compensation. If the customer developed cancer, but that compensation would not cover medical expenses; instead, it was more similar to giving them treatment through their next-generation hospital.2

Additionally, the range of treatment was different depending on the product. For example, if there was a customer that had a 0.001% incidence rate for stomach cancer and a forty-five percent incidence rate for breast cancer, this customer could get insurance only for breast cancer, or they could get it for stomach cancer as well.0

The premium would go up as they got more insurance, but it wouldn’t be much more expensive than the products existing insurance companies sold even if they got every...0