How to allocate the sum insured of critical illness insurance?

What do you think about this? The critical illness insurance of commercial insurance, at present, is not the concept of 100,000, but 500,000, social security is able to solve part of the medical expenses, but after the interruption of income, food, drink, and other expenses after people get sick, there is really no way to calculate. If you are still in the heavy responsibility period of 30 to 60, it is even more difficult to calculate the expenses of the family, so it is recommended to consider purchasing health insurance and accident insurance if you can afford it.

At present, the first phase of the cost of critical illness is generally between 10-300,000 yuan, not including the later nutrition, physiotherapy and income loss, etc., of course, there is medical insurance that can reimburse part of the medical expenses during hospitalization, but all the expenses of critical illness**, only about one-third of the medical expenses, and most of the other are the nutrition expenses required in the later stage of the serious illness, physiotherapy and health care expenses and future work income loss expenses, etc. (these are not reimbursed by medical insurance). Critical illness insurance is not medical insurance, it is sickness insurance, and it is loss of employment income insurance. We say that major diseases that threaten humanity are generally fatal diseases and require large sums of money to save lives.

For most people, they can't afford it on their own. Therefore, in the most basic family member protection plan, there should be critical illness insurance, and if the family financial ability cannot support the purchase of insurance with an insurance amount of more than 100,000 or 200,000 yuan, it should also buy a tens of thousands of insurance amounts, so as to achieve the effect of preventing major illnesses with a small amount of money. Of course, no one knows when a serious illness will strike, the protection within 20 years can rely on pure critical illness insurance, and the protection after 20 years can rely on participating insurance, because the same premium investment in participating insurance will have the same surrender benefit after 20 years and the amount of critical illness insurance.

Moreover, if you are not sick, you can also use it as a pension, and the income of the participating insurance for thirty or forty years is far more than the amount of illness insurance, which is not the flexibility of pure serious illness insurance. Of course, if the economy is not good, you can only give priority to the short-term protection, and whether the sum insured of 100,000 yuan will depend on the premium you can afford. Due to the improvement of living standards now, people's living standards are getting better and better!

Naturally, the medical expenses of the hospital will also increase! And now the disease is getting younger and younger, and the cost is rising. If there is no high amount of critical illness compensation, once the risk occurs, the economic loss to a family will be very huge, and some families even give up for economic reasons**!

According to the survey, those who died of a serious illness were not actually because they couldn't, but because they didn't get the best because they didn't have money, and even some people were scared to death when they heard about such a high **cost because they didn't have money! These issues cannot be ignored. Therefore, it is urgent to prepare yourself in advance, and it is better not to use it than to prepare!

The planning of the sum insured of critical illness insurance is closely related to the family's financial situation and personal income. Every family is different.

Critical illness insurance is to provide disease protection for the insured, mainly including ** expenses, ** expenses and living expenses, etc., which can ensure that the life of patients and their families can be guaranteed after suffering from a critical illness.

Therefore, it is very important to choose the sum insured of critical illness insurance, and the responsibility of protection is equally important. 》

In layman's terms, the sum insured is the amount of insurance paid by the insurance company after an accident. When encountering different insurance products, many people don't know how to determine a reasonable amount of insurance, you might as well take a look at this article to learn:How much insurance is appropriate?

Let's talk about the doorway inside

How to choose the sum insured of critical illness insurance? It is best to determine according to your own actual situation, how to decide? If you are interested, you can read below:

The guaranteed rating should be reasonable, and it is not good to be too high or too low.

1.The sum insured is too high:The budget for buying insurance will also increase, and paying too much premium will increase the family's financial expenditure and become a burden, which is very unnecessary.

2.The sum insured is too low:Inability to resist the harm of risk. Generally speaking, the cost of a serious illness is generally 300,000 yuan, and at this time, it is insignificant to buy critical illness insurance with only 100,000 yuan of insurance.

Many people don't know how much to buy when buying critical illness insurance and accident insurance。So how do you determine an appropriate amount of insurance for these two types of insurance? Let me briefly analyze it:

1.Critical Illness Insurance:**Critical illness generally costs around 300,000 yuanThe corresponding insurance amount must also be at least 300,000If you live in a big city, the cost of living will be higher, and the insurance amount should also be increased to 500,000 yuan.

If you are mainly responsible for supporting your family, add 3 to 5 years of income loss to reduce the pressure on your family's financial life during the ** period.

2.Accident Insurance:If you don't go out often, the probability of accidents in the working environment is relatively small, and it is recommended that the insurance amount is 300,000; If you want to work outdoors for a long time or travel frequently, the risk of accidents is relatively large, and the amount is best set at more than 500,000Accident insurance with public transport is preferred

Understanding the choice of the amount of insurance is also a must-do homework before buying insurance, as well as these knowledge points must be mastered before buying insurance"Before buying insurance, you must first figure out these key knowledge points! 》

The choice of the sum insured of critical illness insurance is not simple, and the insurance limit is low, and the money will not be enough in the event of an insured event. If it is set too high, then the annual premium to be paid will be very high and will become a financial burden.

How to determine the sum insured for critical illness insurance? I have a detailed practical guide, and it's absolutely fine to follow it:

How much insurance is appropriate? Let's talk about the doorway inside

1.Fees

Let's take the most common cancer as an example, the cost of hospitalization, chemotherapy, drugs and other expenses add up to 30.7 million, if you suffer from a serious illness, this high cost alone can crush a family.

2.Fees

After suffering from a critical illness, there is generally a period of 3 to 5 years. **The period is to return the body to a normal state, not only rehabilitation, examination, and nursing**, but also to pay attention to the usual nutritional supplements, and the cost of this period of time is as little as tens of thousands, and as many as hundreds of thousands.

3.Loss of income

When suffering from a critical illness, not only do you need to be hospitalized**, but you will also have a period of 3 to 5 years**, during which you will not be able to work, so you will lose your income**.

Let's assume that a month's salary is 3,000 yuan, and a year's salary is 36,000 yuan, if you can't work for five years, you will lose your work income of 180,000 yuan, which is really a huge loss.

Earlier we mentioned the financial losses we will suffer when we suffer from critical illness, so when we buy critical illness insurance, we must hope that the sum insured of critical illness insurance can make up for these losses, and the calculation formula I came up with is as follows:The sum insured of critical illness insurance = 30 500,000 ** reserve + 3 5 years of income compensation。If you're the main income of your family**, it's a good idea to add in the family's living expenses.

I think the average salarymanThe basic sum insured is $500,000If the financial situation allows, it is definitely within your means to choose the highest sum insured.

Here is a knowledge point to add, it is not only the amount of insurance that determines how much premium we have to pay each year, but also the choice of payment period is also a key point, you must not ignore it:How to choose the payment period so that you will not lose?

When determining the amount of critical illness insurance, consumers must consider these three factors: critical illness expenses, expenses and lost work expenses. This is the most cost-effective way to apply for critical illness insurance! "The correct insurance posture of critical illness insurance, dad will teach you a few tricks!" 》

Many people think that the higher the sum insured, the better, and the higher the sum insured, the higher the payout. Actually, this is a misconception. The higher the sum insured, the better, and the determination of the sum insured should be based on suitability.

If a middle-class family buys critical illness insurance, the principle of the insurance amount selection is that in addition to covering a series of expenses such as housing loans, car loans, and children's education, it is also necessary to add the loss of family income after illness and the ** expenses after the illness. If the sum insured is too low, it will not serve the purpose of transferring financial risks, and if it is too high, it will affect normal life and will break the reasonable allocation of property. Therefore, it is recommended that you purchase critical illness insurance with a coverage amount of 2 to 5 times your family's annual income.

In this way, even if there is a major accident, it can protect the family life from being too affected by the disease at the same time, and will not be impoverished due to illness.

There is a movie "I Am Not the God of Medicine", this drama allows people to see the appearance of all beings under poverty and illness, it turns out that a serious illness can really change people's fate, and it turns out that life-sustaining drugs can be so expensive that they can dig up their homes and ruin them. The old lady's heart-piercing question to the police showed her helplessness in the cruel reality.

The critical illness sum insured should be allocated based on financial conditions, illness expenses, and loss of income.

1. Economic conditions: Choose critical illness insurance according to the financial ability of the individual or family, and the sum insured is generally 5 times the annual income.

2. Illness expenses: refer to the current expenses required for critical illness, such as expenses, health care expenses, nutrition expenses, etc. The cost of critical illness in China is about 300,000, so in the setting of the sum insured, at least 200,000 yuan is used for illness**.

3. Loss of income: During the period of personal illness, family members may also need to resign to take care of them, which will cause a loss of family income, which should also be taken into account.

The allocation of the sum insured can be calculated using the following formula: medical expenses required for illness plus loss of income plus ** and nursing expenses. Under normal circumstances, the medical expenses of current critical illness insurance are around 100,000 to 300,000 yuan, and the loss of income. After the malignant tumor, there is a 5-year survival observation period, if there is no collapse within 5 years, the probability is very small, so the 5 years is the top priority, you must not engage in pressure labor, if it is a salary of 30,000 yuan per year, then 5 years is a loss of income of 150,000 yuan.

**The cost of nursing is 20,000 yuan a year, and the cost of 5 years is 100,000 yuan. So add up, probably we also have to allocate at least 500,000 yuan of insurance, and the minimum amount of insurance cannot be less than 300,000 yuan.

Test your anti-risk index, experts will interpret it for you for free!

Hello! Critical illness insurance is designed to make up for the loss of income caused by the insured's inability to work due to a serious illness, and to help patients and their families survive a long period.

Therefore, when we purchase critical illness insurance, we choose the sum insured to cover at least ** expenses.

In the past, my dad always said that it was more appropriate to buy critical illness insurance with an insurance amount of about 300,000, and this money could cover the ** cost.

If the financial conditions allow, the sum insured can be increased to 500,000 yuan or even later, which will fully cover the loss of income and family living expenses during the period of the insured**.

Daddy considers it from the following perspectives:

1) Insured amount based on budget:

It's a simple and crude approach. Buy more if you have a larger budget, and buy less if you have a small budget, but avoid falling into the mistake of "deducting the budget".

Because of the same critical illness, the cost of seeing a doctor is about the same. It won't be cheaper to see a doctor just because you have a small budget.

2) Set the sum insured according to the different stages of life you are in

Generally speaking, the family breadwinner who buys critical illness and baggage insurance has a higher sum insured than the elderly and children who need to take on family responsibilities.

To buy critical illness insurance for the elderly and children, you can consider the ** cost, and consider the income compensation required by some family members.

Buy critical illness insurance for the breadwinner of the family, ** the cost is based on the sum insured of 300,000; The loss of income can be calculated on the basis of 3-5 years of income.

Coupled with the housing loan, car loan, and the daily expenses of the family in the next 3-5 years, it is the amount of critical illness insurance that is needed.

The amount of insurance calculated by this algorithm may be relatively high, so at this time, you can combine the budget and set an amount that you can afford.

It is wiser to make a combination of critical illness insurance + medical insurance.

Millions of medical insurance covers medical expenses, and critical illness insurance makes up for the loss of income, and the big problem is basically solved.

Hope daddy's is helpful to you!

The minimum sum insured for critical illness insurance is generally 300,000 is more appropriate. Critical illness insurance is a type of fixed-amount payment insurance, once the diagnosed disease meets the agreed range, a one-time payment of insurance money, how much insurance is bought, how much insurance is paid, so buying critical illness is mainly to buy the sum insured.

Under normal circumstances, you can set 100,000, 200,000, or 300,000, because this amount is more common and will not cause financial pressure on ordinary families.

Generally, it would be more appropriate to set a minimum of 300,000 yuan, because critical illness insurance is a fixed payment insurance, and if you buy a critical illness, it is mainly to buy the sum insured.

The minimum sum insured for critical illness insurance is 300,000 yuan, and if you live in a first-tier city, it is recommended to start at 500,000 yuan.

First, what is the right amount of coverage for critical illness insurance?

Fees

The first consideration of the sum insured of critical illness insurance is the directly related medical expenses, and once you suffer from a critical illness, you will bear great financial pressure.

Many people say they have health insurance. However, everyone should clearly know that 80% of the imported special drugs for malignant tumors do not belong to the scope of medical insurance, that is to say, for major diseases, the protection of social security is far from enough. Under normal circumstances, social security can reimburse up to 60% of all medical expenses, or even lower, so even in the case of medical insurance, it is expected that most critical illnesses will be borne by individuals to bear about 200,000 yuan.

Fees

After a critical illness** ends, there will be a longer recovery period. During the recovery period, someone needs to take care of you, and nutrition needs to keep up, and the cost of care and living is very high.

Taking malignant tumors as an example, if the first period of the disease is 6 months, there will be no income for at least half a year. During the five-year life period, the conservative estimate is based on the halving of income, which is equivalent to three times the annual income of the insured person reduced by the family's economic income.

Second, how to judge a good critical illness insurance?

The asymmetry of insurance information is very serious, and it is easy to fall into the pit, and carefully read the following strategy before buying insurance, which can make you spend tens of thousands of dollars less unjustly money: which is better for critical illness insurance, how to buy it cost-effectively, and teach you to avoid these pitfalls of insurance