What are the common critical illness insurance products?

At present, in the market, the insurance liability of critical illness insurance is mostly the same, mainly for the critical illness stipulated in the insurance contract to provide the best cost protection. According to the different insured objects, critical illness insurance can be divided into children's critical illness insurance, female critical illness insurance, and male critical illness insurance; It can also be divided into long-term critical illness insurance and short-term critical illness insurance due to the different length of the insurance period.

1.Long-term critical illness insurance.

Long-term critical illness insurance can be divided into two forms: term and lifetime according to the insurance period. The so-called term critical illness insurance refers to the insurance company that the insurance company pays the insurance money and the contract is terminated if the insured suffers from a critical illness specified in the contract within the specified age (generally 70 years old), that is, during the insurance period; If the insured dies during the insurance period, the insurance company will pay the death benefit and the contract will be terminated; If the insured person is still alive at the age of 70, the insurance company will refund the premium paid without interest and the contract will be terminated. Therefore, term critical illness insurance is a return-type critical illness insurance.

The so-called whole life critical illness insurance refers to the termination of the insurance period without clearly specifying the termination time, and the death of the insured is the termination of the insurance period. If the insured suffers from a disease specified in the contract during the insurance period, the insurance company will pay the sickness insurance benefit, and the insurance liability will be paid when the insured dies, and the insurance contract will terminate if the insured dies due to other reasons.

2.Short-term critical illness insurance.

The coverage period of short-term critical illness insurance is 1 year. After a certain waiting period, if you suffer from a critical illness agreed in the contract for the first time during the insurance period, the insurance company will pay the insurance money, and the payment liability of the project will be terminated.

Unlike long-term critical illness insurance, short-term critical illness insurance uses natural insurance rates, which means that the premium gradually increases as the policy age increases. Judging from the current short-term critical illness insurance product rates, after the age of 40, the insurance rate increases very quickly. Therefore, if you need long-term policyholding, it may be more appropriate to purchase a long-term critical illness insurance product.

It is worth mentioning that long-term critical illness insurance can be insured separately as the main type of insurance, and short-term critical illness insurance can be insured separately or as additional insurance.

Critical illness insurance, also known as critical illness insurance, is a type of health insurance. Because of the diversity of forms, it is also a more complex type of insurance. For example, there are consumption-based, lifelong, single-payout, regular, etc.

For people who buy insurance for the first time, most of them hear "Monchacha" and don't know what to do. Buying insurance is to get the "extra" and "huge" medical expenses from the insurance company as the policyholder when you unfortunately suffer from a critical illness one day in the future, so as to graft this risk out and not end up selling iron.

In fact, when an "accident" occurs, due to many restrictions, the insurance company often has to know the actual amount payable based on the ** fee, the type of drug and the cost. This leads to a long and cumbersome determination process, and the road to claim claims is often long, leaving the insured in an embarrassing situation of "having insurance, but not guaranteeing". With the continuous advancement of national policies, in recent years, there have been new changes in the insurance model, from the previous passive after-the-fact compensation type to the active pre-prevention, in-process intervention, and post-event managed health insurance transformation.

Guokang has realized the provision of professional medical services such as health management, referral for medical treatment, and health consultation by private doctors related to substantive health, which can ensure the real health services of the insured.

Relying on the strong medical resource system and health management service platform of the parent company Guokang Group, Guokang Insurance Brokers customizes the most suitable health insurance solutions for customers, and builds a closed loop of health services for disease prevention, precision medicine and cost protection. Guokang provides customers with membership-based privileged insurance products, and according to the corresponding standards, customers can also receive corresponding health management services, real butler-style health management and family risk protection services and privileges, and enjoy the privilege of senior services.

Under the trend of favorable policies, Guokang Group conforms to the trend of the times and relies on the integration of more than 900 tertiary hospitals across the country.

With the abundant resources of more than 10,000 famous doctors, as well as the industry-renowned famous doctor greenway and serious illness hospitalization services, we have launched a health insurance with private doctor services. Advance traditional risk protection services to risk management. Insurance and health management services are combined to provide high compensation protection and prevent diseases from the source.

Critical illness insurance on the market can be divided into consumption-based critical illness insurance, savings-based critical illness insurance, and return-based critical illness insurance. These different types of critical illness insurance can provide different protection to the insured. Next, I will talk to you about the differences between these different types of critical illness insurance.

Before we begin, if you don't know much about critical illness insurance, you can check out the following article:Which is the best critical illness insurance, how to buy it cost-effective, and teach you to avoid these pitfalls of insurance

Savings critical illness insurance

The so-called savings critical illness insurance, as the name suggests, is equivalent to saving money into an insurance product, and sooner or later you can get it back. The biggest feature of savings critical illness insurance is that it not only provides lifelong protection for the insured, but also provides death benefit. Therefore, if the insured does not go out of the insurance during the protection period, the beneficiary of the policy will definitely be able to receive compensation.

Consumer-based critical illness insurance

Consumer-based critical illness insurance, as the name suggests, is a critical illness insurance product that does not include death benefits. We must know that if we buy consumer-based critical illness insurance, if there is no insured event during the protection period, then the premium is equivalent to being "consumed".

However, the premium of fixed-term consumption-based critical illness insurance will be relatively cheaper, and if the insured person's premium budget is not high enough, you can try to apply for this type of critical illness insurance.

In addition, there are many critical illness insurance policies on the market that list death benefit as optional, if you want to know which critical illness insurance is worth us, you can check out the following article:Top 10 Popular Critical Illness Insurance** Points to Buy

Returnable critical illness insurance

Return-based critical illness insurance means that if the insured has an insured accident during the insurance period, the insurance company will settle the claim normally under the conditions of chain and reasonable compensation. If there is no insurance claim, then after the end of the insurance period, the insurance company will return a sum of money to the insured.

You must pay attention to some details when applying for returnable critical illness insurance, after all, this kind of insurance is not suitable for everyoneIf you are sick and you are cured, you will be returned if you are not sick, and the return-type critical illness insurance that everyone loves to buy is so pitted! Hope.

The main feature of this type of product is that this type of product has a definite survival period, and the survival period refers to a period of time from the time when the insured suffers from a critical illness within the scope of Jingque protection to a certain time determined by the insurer, usually 30 days, 60 days, 90 days, etc., if the insured dies or becomes disabled.

The insured pays the insurance benefit, if the insured suffers from a critical illness and dies during the survival period, the insurer pays the death insurance benefit, if the insured suffers from a critical illness and survives beyond the survival period, the insurer pays the critical illness insurance benefit, and then pays the death insurance benefit when the insured dies. The advantage of this product is that the death benefit is always there and does not reduce the death benefit due to the payment of the critical illness benefit.

What are the types of critical illness insurance, which types of critical illness insurance can be divided into two categories: critical illness medical insurance in social security and commercial critical illness insurance.

1. Serious illness medical insurance can be divided into two categories: the New Rural Cooperative Medical System and the pure medical insurance for urban residents. It is a special medical insurance established to meet the medical needs of rural residents and urban residents for critical diseases**. It is to reimburse the insured for the high medical expenses incurred due to serious illness, and it has the function of solving the problem of poverty caused by illness and returning to poverty due to illness, which is strongly resented by the masses, and is an important part of the social basic medical insurance system.

2. The types of commercial critical illness insurance include the following:

1. Proportional payment critical illness insurance Proportional payment critical illness insurance is mainly designed for the types of critical diseases, and the proportion of payment for critical illnesses with large costs will be relatively high, such as 90, just like the average medical expenses of malignant tumors are 80,000 100,000 yuan, and the average cost of stroke can also exceed 60,000 yuan, and other diseases such as paralysis, diabetes, blindness, liver disease, etc.

2. Additional payment type critical illness insurance additional benefit type critical illness insurance usually appears as a life insurance contract, which underwrites two types of risks of critical illness and death and high disability, and its main feature is that there is a fixed survival period, and the survival period refers to a period of time from the critical illness within the scope of the insured to a certain time determined by the insurer, generally 30 days, 60 days, 90 days, etc., if the insured unfortunately dies or becomes disabled, the insurance company will pay the insurance money. If the insured suffers from a serious illness and dies during the survival period, the insurer will pay the death insurance benefit, and if the insured suffers from a critical illness and survives beyond the survival period, the insurer will pay the critical illness insurance benefit, and the death insurance benefit will be paid when the insured dies. The advantage of this product is that the death benefit is always in place and will not be reduced due to the payment of the critical illness benefit.

3. Advance payment critical illness insurance can cover critical illness, death, or severe disability, and the total amount of insurance is the death sum assured, which can cover two parts: critical illness and death insurance. If the insured suffers from a critical illness listed in the policy, the insurer can pay a certain percentage of the death sum assured in advance for medical or surgical expenses, and if the deceased beneficiary receives the remaining part of the death insurance benefit at the time of death, if the insured does not suffer from a critical illness, the entire insurance benefit will be paid by the beneficiary as a death benefit.

The classification of critical illness insurance mainly includes: 1. Classification according to the insurance period: 1. Term insurance critical illness protection is the main insurance, which refers to the protection provided within a certain period of time and adopts a balanced rate; 2. Whole life critical illness insurance provides lifelong protection for the insured.

2. According to the form of payment: 1. Additional payment insurance requires the purchase of other main insurances at the same time, such as whole life insurance or endowment insurance at the same time, which belongs to consumption-based insurance; 2. To pay insurance in advance, you need to purchase other main insurance at the same time, most of which are limited to whole life insurance at the same time (the kind of insurance that the insured can't get money while alive is called whole life insurance), which is a type of consumption-based insurance.

Legal basisInsurance Law of the People's Republic of China

Article 95 The business scope of an insurance company:

1) Life insurance business, including life insurance, health insurance, accident insurance and other insurance business;

2) Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business;

3) Other insurance-related businesses approved by the insurance regulatory authority. Insurers shall not concurrently engage in life insurance business and property insurance business. However, insurance companies that operate property insurance business can operate short-term health insurance business and accident insurance business with the approval of the insurance regulatory authority.

Insurance companies shall engage in insurance business activities within the scope of business approved by the insurance regulatory authority in accordance with the law.

The types of critical illness insurance should be classified according to the classification criteria, according to the different protection responsibilities, including critical illness insurance that only covers illness but not death, and critical illness insurance that covers both illness and death; It is divided according to the number of critical illness claims, including multi-claim critical illness insurance with critical illness grouping and multi-claim critical illness insurance without critical illness grouping.

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1.Critical illness insurance that only covers illness but not death and critical illness insurance that covers both illness and death.

This kind of critical illness insurance, which only covers illness but not death, is actually the more common "consumer-based critical illness insurance", which mainly provides disease protection when the insured suffers from the illness agreed in the contract; However, in the unfortunate event of the death of the insured, the insurance company will not pay the benefits.

In addition, there is also a critical illness insurance that covers both illness and death, which is the biggest difference between covering only illness and not death, with or without death benefit; In contrast, critical illness insurance, which covers both illness and death, is more comprehensive, but the premium is also a little more expensive.

Seeing this, if you don't know much about consumer-based critical illness insurance, you can take a look at this:

Why choose consumer-based critical illness insurance? If you don't go out of business, the premium will not be paid in vain!

2.Multi-claim critical illness insurance with grouped critical illness and multi-claim critical illness insurance with no grouped critical illness.

With the emergence of critical illness at a younger age, many diseases may be recurred, especially cancer; In order to meet the market demand, there are multi-claim critical illness insurance with critical illness grouping and multiple claim critical illness insurance without grouping critical illness insurance.

The difference between these two types of multi-claim critical illness insurance is that critical illness is not grouped; According to the relevant regulations of the China Banking and Insurance Regulatory Commission, there are clear standards for diseases defined as mild, moderate and severe diseases, and a good multi-claim critical illness insurance mainly depends on whether the critical illness is grouped or not.

Having said all this, if you want to do your homework first and then apply for critical illness insurance, don't miss the following article:

Which is the best critical illness insurance, how to buy it cost-effectively, and teach you to avoid these pitfalls of insurance.