How to choose the right amount of accident insurance for you

The insured amount, i.e., the insured amount, refers to the maximum amount of liability for the insurance company to pay the insurance money when the insured event occurs as agreed between the policyholder and the insurance company in the insurance contract. When encountering a variety of insurance products, many people are entangled in how much insurance should be chosen, so you might as well take a look at this article to learn first:How much insurance is appropriate?

Let's talk about the doorway inside

Choose the sum insured to be appropriate, not too high and not too low.

1.The sum insured is too high:If the sum insured is too high, the premium will be higher, and paying too high a premium will increase the financial pressure on the family, which is meaningless.

2.The sum insured is too low:There is no transfer of risk at all. For example, if a serious illness costs about 300,000 yuan, if you only buy insurance with an insurance amount of 100,000 yuan, it will not help at all.

Many people ask about the choice of coverage for critical illness and accident insurance。What should we use as the standard to determine the sum insured for the two types of insurance? Let me briefly analyze it:

1.Critical Illness Insurance:The average cost of a serious illness** is generally $300,000The corresponding warranty rating of 300,000 is a minimum standardIf you live in a big city, the sum insured will also be increased to 500,000 because the cost of living will be higher.

If you are mainly responsible for supporting your family, you can add 3-5 years of income loss on top of this, which can reduce the impact of no income on family life during the ** period.

The following is my selection of the 10 most cost-effective critical illness insurance from more than 100 after a long comparison, you can refer to it:Top 10 [Cost-effective] Popular Critical Illness Insurance Points! 》

2.Accident Insurance:If you often sit in the office and the probability of accidents is relatively small, you can buy 300,000 insurance amounts; If you want to work outdoors for a long time or travel frequently, the probability of risk is relatively large, and it is recommended that the amount is more than 500,000Accident insurance with public transport is preferred

Learn the key knowledge of the sum insured to better buy insurance, and there are some knowledge points that you must know before buying insurance, which are all written in this article:"Before buying insurance, you must first figure out these key knowledge points! 》Hope!

1. How much is the appropriate amount of accident insurance?

When choosing accident insurance, it is best not to exceed 10% of the annual balance of the family. Then the recommended coverage for adult and child accident insurance is different.

If it is an adult who buys accident insurance, adults generally have a certain income**, and the accident insurance is preferably 5-10 times the annual income of the family, so that even if the insured loses the economy due to an accident**, it will not bring a heavy blow to the family financially.

If you purchase accident insurance for children, there is an upper limit on the amount of child accident insurance, and if the child is under the age of 10, the insurance amount cannot exceed 200,000 yuan; If the child is between 10 and 18 years old, the sum insured cannot exceed 500,000 yuan.

2. What should I pay attention to when applying for accident insurance?

1. To know the underwriting conditions of accident insurance, the insurance company will only underwrite it within the scope of insurance.

2. Before applying for insurance, you should read the terms carefully to see which aspects the insurance company will protect and which ones will be exempted from liability, so as to avoid unnecessary disputes when making claims.

3. It is necessary to purchase through formal channels, and the insurance purchased through informal channels will not be recognized by the insurance company.

Nowadays, with the gradual understanding of insurance, many people choose to buy personal accident insurance to protect themselves against unexpected risks. According to the duration of the insurance, personal accident insurance can be divided into one-year, fixed-term and lifelong. Generally, most of us choose to buy one-year personal accident insurance, but in the specific purchase process, we should pay attention to the following tips:

Product selection should be reasonable, in fact, buying insurance, like our shopping, is based on our own needs. However, whether it is shopping or buying insurance, it is important to pay attention to the value for money. When some people buy one-year accident insurance, they will pick some premiums that are cheaper, thinking that the cheaper the better.

In fact, this approach is not advisable. Because the premium of a one-year personal accident insurance policy is related to the coverage of the insurance, the cheaper the coverage, the less coverage will generally be. Some accident regret insurance products reduce the coverage by narrowing the coverage**, but the actual effect has not improved.

Pay attention to the combination of accident medical insurance. Generally speaking, when we buy accident insurance, we recommend that you do not forget to match it with accident medical insurance. This is mainly because accident insurance is a one-time payment for accidental death, disability, and missing whereabouts, and does not cover all liabilities including medical treatment, while accident medical insurance pays for medical expenses for diseases caused by accidents.

Therefore, with the accident insurance of accidental medical treatment, the protection is more comprehensive. We can buy multiple copies repeatedlyWhen we buy accident insurance, we usually look at the coverage and payout of the insurance. Since the one-year personal accident insurance is a consumer insurance, the annual premium of Voyage is dozens of yuan, or hundreds of yuan, and the purchase of accident insurance from several companies at the same time does not conflict with each other.

Therefore, we can purchase multiple one-year personal accident insurance policies repeatedly. In short, if we want to choose one-year personal accident insurance, we must pay attention to the skills introduced above, so as to choose a truly suitable insurance product.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

Since you can ask such a question, then prove that ours has no effect on you, in other words, you will not easily believe our words, then you should be sincere and seriously study the terms of the insurance.

Here I need to remind you that although the insurance contract is very thick, don't be afraid, most of them are the general terms of the country, this part of the content as long as you pay attention to the refusal, open the insurance contract, find the insurance liability, read every word in detail, you will understand this insurance, what kind of protection will you bring after you buy it. If it is critical illness insurance, be sure to find the definition of critical illness in the insurance contract, you don't need to read all the critical illnesses, you just need to find a similar illness that your family members are suffering from, and see if its insurance liability meets your requirements.

If you are buying insurance for children under the age of 18, most insurance companies on the market now sell products that do not cover the amount of insurance for children under the age of 18, and the compensation is the premium you have paid.

Hope mine will be helpful to you.

When we choose accident insurance, we mainly pay attention to the following points: the first thing to pay attention to is the accident medical insurance, when choosing must choose a low deductible, can be reimbursed for self-financed drugs, and the amount of insurance is high, it is best to provide allowance liability.

Secondly, we should pay attention to the disability protection and the amount of death insured, the state has a limit on the accidental death benefit of children, but there is no limit on accidental disability, so the higher the amount of insurance, the higher the compensation ratio.

Finally, if you have a sufficient budget, you can choose return-type accident insurance, and if the economy is tight, you can choose consumption-based accident insurance.

Hello! This depends on the specific situation of the individual and the family.

There are many things to pay attention to when buying accident insurance, and it is recommended that you choose carefully.

The sum insured is also treated differently depending on the age level. Generally, adults are the breadwinners of the family, and the risk of accidents is relatively high, so adults should apply for accident insurance and the amount of protection should be as high as possible.

Minors do not have the ability to work and have no wage income, so the death insurance amount of minors is determined according to a person's basic living standard for 10 years, and the death insurance amount of children in most areas does not exceed 50,000 yuan, and Shenzhen, Shanghai, Beijing, and Guangzhou can invest 100,000 yuan. Therefore, parents should pay attention to the limits of the death sum insured when choosing accident insurance for their children.

The elderly are a group with a high incidence of accident risk, but most accident insurance products will control the insurance age under the age of 60 or even lower considering the cost of risk.

Therefore, the elderly should pay attention to the avoidance of future accident risks and purchase accident insurance before the insurance age limit; Moreover, you should try to choose an accident medical insurance product with a high subsidy amount and no limit on the number of claims.