What is the relationship between critical illness insurance and life insurance?

Critical illness insurance and life insurance are insurance that protects a person's body or lifespan, and both are important components of life insurance.

1. The similarities between the two are as follows:

Principle of insurance interests: Both critical illness insurance and life insurance emphasize that the policyholder must have a legally recognized economic interest in the insured at the time of entering into an insurance contract.

2.Determination of the sum insured: The determination of the sum insured for critical illness insurance (especially long-term critical illness insurance) and life insurance is mainly based on the needs of the insured and the ability of the policyholder to pay premiums.

Payment method of insurance money: The payment method of insurance money for both is usually a fixed payment type, that is, when the insured has a situation agreed in the contract, the insurance company will pay the insurance money according to the amount agreed in the contract.

2. The differences between the two are as follows:

1.The subject matter of insurance is different: the subject matter of critical illness insurance is the physical health of the person; The subject matter of life insurance is the life of a person (death or survival).

2.The coverage is different: the coverage of critical illness insurance is the critical illness agreed in the contract; Life insurance covers death (usually total disability) or survival to a certain period of time.

3.Different insurance liabilities: the insurance liability of critical illness insurance is that in the event of a critical illness as agreed in the contract, the insurance company will pay the illness insurance benefit (to the insured) according to the agreement, and some products include death liability, and the insurance company will also pay the death insurance benefit (to the beneficiary) according to the agreement; The insurance liability of life insurance is that the insured dies (usually including total disability) or survives to a certain time during the insurance period, and the insurance company pays the death insurance benefit (to the beneficiary) or the survival insurance benefit (to the insured) according to the agreement.

4.The basis for calculating premiums is different: the premium of critical illness insurance is determined based on factors such as the incidence of illness, the duration of illness, the interest rate, the way the insurance company conducts business, and the principle of claim verification. Premiums for life insurance are mainly based on the vital table and mortality.

Insurance related to people is called life insurance, and life insurance includes critical illness insurance, savings participating insurance, accident insurance, hospitalization reimbursement insurance, etc. Critical illness insurance is designed to prevent the pressure of huge financial expenses for the family in the event of a critical illness during a person's lifetime. If there is something to do, I will double the money, and if I have nothing to do, I will raise interest rates to give money, and I can get it back with interest in the future.

Critical illness insurance means that if the insured goes out of insurance after the waiting period, and meets the type of disease, the degree of illness and the means agreed in the insurance contract, then you can get a one-time compensation from the insurance company. The general protection is as follows: "The Most Complete Interpretation:

What does critical illness insurance cover? What exactly is the use? 》

In the field of critical illness insurance, the diseases that will be directly denied insurance are:

1. Coronary heart disease

2. Myocardial infarction

3. Heart failure, 4. Cardiomyopathy

5. Chronic obstructive pulmonary disease

6. Chronic nephritis

7. Thalassemia

8. Stroke

9. Cerebral thrombosis

10. Emphysema

11. Rapidly progressive glomerulonephritis

12. Nephrotic syndrome

13. Hepatitis B

14. Hepatitis C

15. Mental illness

16. Depression

17. Type I diabetes

18. Congenital heart disease.

Pre-existing conditions are not covered. Illnesses other than critical illnesses in the contract are not covered.

Cirrhosis, and hepatic ascites, as well as what insurance can be done for supplemental comprehensive treatment.

Chinese life. The China Life Critical Illness Insurance includes 100 critical illnesses, which include 28 critical illnesses stipulated in the new critical illness regulations, as well as other common critical illnesses. The 28 types of critical illness in the new regulations are covered by all critical illness insurance, and the other critical illness insurance companies will be different!

The 28 diseases that must be included are these:

The first is the head (12 types): When it comes to critical diseases, the well-known is "cancer", that is, malignant tumors (common malignant tumors are: nasopharyngeal cancer, lung cancer, esophageal cancer and cardia cancer, gastric cancer, primary liver cancer, colorectal cancer, breast cancer.

Malignant lymphoma).

Severe brain injury, craniocerebral surgery, encephalitis.

Alzheimer's disease.

Alzheimer's disease), severe Parkinson's disease, severe motor neuron disease.

Psychosis) blindness, aphasia, deafness.

Then there is the heart (5 types): acute myocardial infarction.

Coronary artery bypass grafting, aortic surgery, cardiac membrane differentiation surgery, vital organ transplantation, or hematopoietic stem cell transplantation (kidney transplantation, heart transplantation, lung transplantation, liver transplantation, bone marrow transplantation).

Then there is the liver, kidney, and lungs (5 types):

Pulmonary: severe primary pulmonary hypertension, end-stage lung disease.

Liver: severe hepatitis, liver failure.

Kidney: End-stage renal disease (uremia.

Finally, there are the others (6 types): multiple sclerosis, deep coma, severe burns, loss of limbs, paralysis, aplastic anemia (leukemia).

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There are many types of critical illness insurance products under Chinese Life, and the types of diseases included may also be different, which are subject to the insurance contract. However, according to the regulations of the China Banking and Insurance Regulatory Commission, the critical illness insurance on the market should include 28 types of critical illnesses that must be insured, including severe malignant tumors, severe acute myocardial infarction, severe stroke sequelae, etc., in addition, insurance companies will also add some other critical illnesses on their own.

Taking the Lifetime A 2022 Critical Illness Insurance as an example, this product can provide 120 types of critical illness protection, of which in addition to the 28 critical illnesses that must be insured, the remaining 92 are defined by Chinese Life Insurance Company.

However, the more types of diseases covered by a high-quality critical illness insurance is not always better, and whether a critical illness insurance is comprehensive depends on the incidence of the diseases covered. According to the claims data of major insurance companies, the 28 critical illnesses stipulated by the China Banking and Insurance Regulatory Commission have accounted for more than 95% of critical illness claims, which can almost cover the vast majority of critical illness claims. As for other critical illnesses covered by the insurance company, the illness rate is generally low, and if it is not insured, it will not have much impact on the claim rate.

Of course, in addition to critical illness protection, a qualified critical illness insurance policy should include mild and moderate illness protection, and the claim conditions for mild and moderate illness should be more lenient than those for major illnesses, which can increase the probability of winning compensation for the insured.

In addition, the sum insured of critical illness insurance must also be sufficient in order to exert a strong protection effect. It is generally recommended that the sum insured of critical illness insurance should be at least 300,000 yuan, because in addition to covering the average medical expenses of 300,000 yuan for critical illness**, the insured amount of critical illness insurance must also include 3-5 years of work income to make up for the economic risks caused by serious illness.

If you don't know how much coverage is appropriate for critical illness insurance, you can take a look at this article: How much coverage is appropriate for insurance? Let's talk about the doorway inside.

1.The coverage of the National Life Blessing Ceremony A is 1 time for 120 critical illnesses, 1 time for 20 medium diseases, 50% of the insured amount, and 6 times for 40 minor illnesses, 20% of the insured amount. There are 6 specific illnesses that require additional compensation before the age of 70.

Optional liability includes an additional 50% coverage for cancer, stroke, and heart disease until the age of 70. Cancer can also be compensated alone.

2.The protection content of paragraph B of the National Life Blessing Edition is not much different from paragraph A. The difference is that there are 15 specific diseases, myocardial infarction and stroke sequelae.

3.The content of the lifelong critical illness protection is 120 kinds of serious diseases divided into 6 groups of compensation 6 times, 20 kinds of moderate diseases 1 time of compensation with 50% of the insured amount, 40 kinds of mild diseases 6 times of compensation with 20% of the insured amount, 15 kinds of childhood diseases, with death protection.

4.Hui Xiangfu Whole Life Critical Illness Insurance covers 120 kinds of critical illnesses divided into 6 groups of 6 claims, the first compensation of the sum insured, premium and current price is larger or the first or, the subsequent compensation is 2-6 times, and the child disease compensation is 15 times.

5.The coverage content of the 2021 version of the C section of the company is 1 claim for 120 critical illnesses, 50% for 15 specific diseases before the age of 70, and the premium and cash value of the death benefit are larger.

6.The 2021 version of China Life Welfare Section A is a return-type critical illness insurance with term insurance until the age of 70. The coverage is 1 time for 120 serious diseases, 1 time for 20 kinds of moderate diseases, 50% of the insured amount, and 6 times for 40 minor diseases, 20% of the insured amount.

7.The protection content of the 2021 version of Guoshoufu version B is not much different from that of paragraph A. The difference is that there are 15 special diseases, myocardial infarction and sequelae of stroke.

The protection content of the children's national life welfare is 1 compensation for 120 critical illnesses, an additional 50% compensation before the age of 70, 50% compensation for 20 special diseases, 6 compensation for 30 minor illnesses without grouping, 20% compensation each time, 2 compensation for cancer, and 15 compensation for children's diseases.

9.The protection content of the Children's National Life Blessing Edition is 120 kinds of critical illnesses once, an additional 50% before the age of 70, 50% for 20 kinds of special diseases, 6 times for 40 minor illnesses without grouping, 20% for each time, 2 times for cancer, and 15 kinds of children's diseases.

Beibei and other China Life exclusive version is a return-type children's regular serious illness insurance protection plan that people aged 3-10 can insure. The insurance is 30 years, mainly providing protection for 46 serious illnesses in children. In addition, it provides death coverage.

If they are still alive after expiration, they can get their premiums back.

Life insurance includes critical illness coverage that provides coverage for death or dismemberment due to an accident. Prepare hail sources.

Critical illness insurance refers to the insurance objects of specific critical diseases such as malignant tumors, myocardial infarction, and cerebral hemorrhage. If the insured suffers from the above-mentioned diseases, the insurance company shall pay the insurance premium in accordance with the insurance contract. According to whether the premium is returned to the company, it can be divided into consumer critical illness insurance and surrender critical illness insurance.

Hello! Life insurance is consumer-based,** and relatively cheap, and can cover death or disability due to accidents.

When purchasing critical illness insurance, you must tell your past medical history as clearly as possible, and don't take care of your illness with a fluke mentality. Because once a claim occurs, if the insurance company learns that the customer has a relevant medical history in the hospital, it may refuse to make a claim.

It is recommended that you choose the appropriate insurance channel when you apply for critical illness insurance or life insurance, taking online insurance as an example, the online sales platform has increased the transparency of insurance sales, consumers can shop around before applying for insurance, and they can also calculate the premium through the online platform.

If the policyholder is really not sure that he or she can choose critical illness insurance or life insurance online, it is recommended that you choose an insurance that can provide 24-hour **service** consultation, such as China Minsheng Insurance Network, which is a professional third-party insurance certified by the Insurance Regulatory Commission.

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

Critical illness insurance refers to the commercial insurance behavior handled by the insurance company to cover specific critical diseases, such as malignant tumors, myocardial infarction, cerebral hemorrhage, etc., and when the insured suffers from the above-mentioned diseases, the insurance company will provide appropriate compensation for the medical expenses spent. According to whether the premium is refunded, it can be divided into consumption-based critical illness insurance and return-oriented critical illness insurance.

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