Which is better, single claim or multiple claim?

1. What are single payouts and multiple payouts?

1) Single payment: After the policyholder suffers from a critical illness and receives a claim, the insurance contract will be terminated, and the policyholder will lose the follow-up protection. Moreover, because of their medical history, they cannot re-apply for critical illness insurance, and if they suffer from critical illness again, they will fall into a situation of no protection, which will deal a heavy blow to the already damaged financial situation.

2) Multiple claims: Critical illness insurance products with multiple claims usually divide critical illnesses into several groups, each of which is related to the disease, and as long as any group of any group is diagnosed, the policyholder can receive the sum insured, but the same group of critical illnesses can only be paid once.

2. Advantages and disadvantages of single and multiple claims

1) Single payout.

Advantages: The premium is cheaper than multiple claims.

Disadvantages: After paying once, you may not be able to buy insurance again in the future.

2) Multiple payouts.

Disadvantages: The premium is more expensive than a single claim.

It should be emphasized that multiple claims are also conditionally limited, and they are not necessarily paid, please see for the interpretation of this aspect:Is it more cost-effective to pay multiple claims than a single claim?

3. Which one is better?

Personally, I think that if you have a sufficient budget, you can choose to purchase critical illness insurance with multiple claims; However, if the budget is limited, it is still recommended to choose a single-claim critical illness insurance and make the sum insured higher.

1) Budget is sufficient: It's worth considering multiple payouts.

If you buy a single claim, you will not be considered a healthy body after the insurance, and it is not so easy to buy critical illness insurance to add a protection to yourself. After all, insurance companies are not charitable, and they will not let you take out insurance knowing that it has a high chance of losing money.

2) Limited budget: Multiple claims are not recommended.

Many people, even if they don't have a budget, would rather lower the sum insured and buy a critical illness insurance policy with multiple claims. This is not true, multiple payouts are good, but they are not suitable for people with limited budgets. In the case of limited budget, we need to do a good job of covering the first claim first, and then consider the subsequent multiple claims.

If you want to buy cost-effective critical illness insurance with low premiums and high sum insured, you can see here:Top 10 Critical Illness Insurance Points Worth Buying!

Hello, compared with a single claim product, the product with multiple claims has more comprehensive protection, but the corresponding premium is also higher. Friends can choose the products that suit them according to their budget. So, when is the best time to buy critical illness insurance?

Take a look at this article on daddy to find out. When is the best age to apply for critical illness insurance? 》

So, is it better to pay out more times with critical illness insurance?

First of all, according to the number of critical illness claims, critical illness insurance can be divided into single claims and multiple claims.

If you pay a single claim for critical illness insurance, the contract will end if you pay for critical illness insurance once; The multiple claims for critical illness insurance can be paid for more than 2 times, and the protection will be better.

However, multi-claim critical illness insurance is divided into group and non-group payouts.

Diseases are not grouped, the best protection, if you pay for this serious illness, you can continue to pay for others, and there is no restriction on the type of disease.

The disease grouping will generally divide the disease into several groups, generally six groups, and the same group of diseases will only be compensated 1 time! After a single payment for a group of illnesses, the coverage for that group of illnesses ends.

Of course, products with multiple claims without grouping for critical illness tend to be more expensive, so you also need to combine the budget at hand while pursuing multiple claims without grouping. More cost-effective products, dads are sorted out in this article. "March 2021 Critical Illness Insurance List Released! 》

However, critical illness grouping claims are not necessarily bad, everyone needs to pay attention to the grouping of critical illnesses when choosing such products, and try to choose products with reasonable grouping, as unreasonable grouping is equivalent to reducing the probability of claims.

Therefore, when selecting a group to pay multiple claims for critical illness insurance, the focus is not on the number of claims, but on the following order: Critical illness is not grouped Cancer is in a separate group High-incidence critical illness is not in the same group.

If you really don't know how to choose, you can come and consult the dad. [Free 1v1 consultation, help you save 50% of the premium].

If you have strong financial ability, you can consider paying multiple claims, after all, there are many protections. Regarding the choice of single claim and multiple claims, objectively speaking, before the emergence of multiple claims, we can only choose a single claim, and after the emergence of multiple claims in recent years, there are three main types of multiple claims:

1. Multiple claims for cardiovascular and cerebrovascular and cancer

If you suffer from cardiovascular and cerebrovascular diseases and cancer, after the first claim, you can pay the corresponding sum insured again after a few years of symptoms**. Generally speaking, multiple claims for cancer and cardiovascular and cerebrovascular diseases will be subject to an additional 20%-35% premium after the addition.

2. Critical illness grouping pays multiple claims

The insurance company groups the illnesses covered by the coverage, assuming that they are divided into 3 groups. If you suffer from Group 1 Critical Illness, the coverage for Group 1 Critical Illness will be terminated after the insurance company pays out.

In the unfortunate event of Group 2 or Group 3 Critical Illness, the benefits will still be paid according to the benefit liability.

3. Critical illness is not grouped and multiple claims are paid

Compared with the group payment in Article 2, the non-group payment has less group restrictions, and after the first payment, the second time suffering from other critical illnesses can still be paid.

If you choose to attach multiple claims liability, you will be required to pay an additional 10%-20% premium.

Overall, multiple claims can provide more comprehensive protection for the insured, and correspondingly, the premium will be higher. If the financial conditions allow, you can choose to pay multiple claims if the sum insured is guaranteed.

If the budget is limited, we have to buy the sum insured for critical illness as high, and if the sum insured is not enough, multiple claims will be meaningless.

Therefore, Daddy suggests that if the economic conditions permit, choose to attach the responsibility of multiple compensation, and choose not to group multiple compensation as much as possible. Although you pay an additional 10%-30% of the additional premium, the sickness coverage is more comprehensive and cost-effective.

It cannot be concluded that the two illnesses of multiple claims must be separated by more than five years and cannot be of the same category.

Generally speaking, multiple payouts are good.

Critical illness insurance with a single claim has the risk of termination of the payment, and multiple claims of critical illness insurance just solves this problem, so that the insured who has already made a claim can continue to have critical illness protection.

However, for products with multiple claims, the premium itself will be relatively high, after all, it is multiple claims, and the gold content is there. Personally, I think why spend so much money to buy a multi-payout one, you have to have a second critical illness to get more money. Why not spend the same amount of money and buy two single claims with a total sum insured of 1 million, so that if you get a critical illness for the first time, you can get a compensation of 1 million, instead of separating the first 500,000 and getting 500,000 for the second time if you have a critical illness.

If you get enough money the first time and can be cured, then the probability of getting a critical illness the second time will naturally decrease.

If you do want to purchase multi-claim critical illness insurance, here are 3 suggestions:

1. There are many groups. If there are many groups, then there will be relatively few critical illnesses in each group, and it is not easy to gather in one group for high-incidence critical illnesses.

2. The grouping of high-incidence major diseases is scattered. The principle is the same as the previous one, the purpose is to obtain adequate critical illness protection after an accident. The most important thing is to separate malignant tumors with an incidence of more than 60% from other high-incidence serious diseases.

Products that are grouped separately for cancer are all conscientiously designed.

3. Interval. The time interval between episodes is also a key factor in whether multiple claims can be made. To put it simply, the shorter the time interval, the better.

If you want to find the right insurance for you, you can click me to intelligently calculate the insurance products that are suitable for you.

Multi-claim critical illness insurance refers to the insurance that can make multiple claims for the diseases agreed in the contract, which can protect some diseases with a relatively high rate and bring strong critical illness protection to consumers. In my father's view, multiple claims for critical illness insurance are more protective than single claims for critical illness insurance.

1. People with a family history of genetic diseases

People with a family history of genetic diseases have a high probability of suffering from family genetic diseases, and if someone in the family has suffered from a serious illness, the probability of suffering from a serious illness will also be greatly increased.

Therefore, if you have a family history of genetic diseases, the sooner you buy it, the better, because you may not be able to get health advice from the insurance company when you are older.

2. Children

The child is young, so the purchase of insurance is not high, the purchase of multiple claims for critical illness, the protection time can also be longer, early to give the child a protection, but also a love of parents for their children.

3. People who have multiple critical illness claims needs

Nowadays, environmental pollution is more serious, the age of cancer is gradually getting younger, and people who have multiple critical illness claims needs can also buy it. It is also very necessary to take precautions and protect yourself in this regard in advance.

4. People who are financially well-off

If you want to get multiple critical illness protection, you can also apply for multiple claims critical illness insurance. Although the premium may be more expensive, the good thing is that the economic conditions are good, and there is no financial pressure even if the premium is high.

Whether it is a single claim or multiple claims, the first thing to look at is the insurance terms, how to pay the compensation, how much the annual insurance fee is, what the compensation amount is, and which aspect is based on your actual situation.

This is also a probability, and it is good to be hit many times. If you don't get hit, it's good at one time.

When choosing a critical illness insurance with multiple claims, two principles should be adhered to: one is that the premium should not be too high, and the other is that the grouping should be reasonable.

The biggest difference between a single claim and multiple claims is that a single claim for critical illness insurance is to obtain a critical illness, and the contract will be terminated after the claim is settled, and if you suffer from a critical illness in the future, you will no longer be paid; The multiple claims refer to the fact that after the first illness, you can also get the claim after the subsequent critical illness, as follows:

1 Multiple claims for critical illness insurance are paid according to disease groups, and each group can only be paid once, so the more groups, the better. 2. If the high-incidence critical illness is concentrated in one group, once you suffer from two different high-incidence critical illnesses in succession, you will be able to claim once and you will not be able to claim the second time, so it is important to disperse the grouping of high-incidence critical illnesses. 3. Malignant tumors should be grouped separately.

4. The interval should be short enough.

If you look at it alone, of course, it can be paid multiple times. Although the probability of suffering from two major illnesses is not high, it is better than nothing. Of course, the premium of multiple claims for critical illness insurance will be higher than for a single claim.

Therefore, friends with insufficient budget actually choose a single payment of critical illness insurance, and try to make the sum insured as high as possible, which is actually a good protection.

Whether it is cost-effective to pay critical illness insurance for multiple claims depends on the terms of the product, the economic situation and your own needs.

Compared with a single claim, multi-claim critical illness insurance has relatively stronger protection, but the premium is often higher.

It is also important to note that the insurance contract has a requirement for the inclusion of diseases (the same group is only paid once) and the interval (the shorter, the better).

If you have a family history of illness, feel that the probability of suffering from more than one critical illness is high, and you have sufficient financial resources, you can consider paying critical illness insurance multiple times. Chunzi Chun.

If you look at it alone, of course, it can be paid multiple times. Although the probability of suffering from two major illnesses is not high, it is better than nothing. Of course, the premium of multiple claims for critical illness insurance will be higher than for a single claim.

Therefore, friends with insufficient budgets actually choose to choose a single compensation critical illness insurance, and try to make the sum insured as high as possible, which is also a good protection.

Is it necessary to pay multiple claims for critical illness insurance? Is it better to pay out more pure claims or have higher sum assured? Look**You will know how to do it! I'm Deep Blue Insurance, focusing on insurance evaluation! Pay attention to Deep Blue Insurance, teach you to buy insurance and not take troubled pits