What kind of health insurance is good to buy, whether to choose the consumption type or the return t

Consumer-based insurance means that within the agreed period, the customer pays the premium, and the insurance company bears the insurance liability. At the end of the agreed period, the insurance liability ends, and the premium is not refunded, and this insurance product only has the function of guarantee.

Return-type insurance means that within the agreed period, the customer pays the premium, and the insurance company bears the insurance liability. At the end of the agreed period, different levels of premiums will be refunded.

Which is better, consumption or return? If people know how warm and cold they drink, they still see which one is more suitable for themselves:

Let's take the most practical example: pay for 10 years; 10,000 yuan per year; Unfortunately, 300,000 yuan will be compensated for critical illness; If you don't die within the specified time, you will be refunded 120,000 yuan (120% of the total premium). If it's similar to the clause above, then what you're looking at is basically a return type of insurance.

At first glance, the return type is simply a conscience product that "buys is earned", is it not as good as the product made by actuaries who have worked hard to make your fingers? If you look a little closer, you will find that all other things being equal, the premium of return-type insurance is more expensive than that of consumer insurance, and it is also a lot more expensive! Take Alipay's critical illness insurance as an example, 3300 for one year if it is not returned at maturity, and 5150 for one year if 120% of the premium is returned at maturity.

If I'm 30 years old this year and expires at the age of 70, I will only earn 2 points more in 40 years, 2,000 yuan more per year, and 60,000 yuan in 30 years. These 60,000 yuan we put in Yue Bao, 40 years is also higher than the amount of this return From the public information of the central bank, the average inflation rate in 2018. You can't win if you keep your money in the bank, let alone buy return-type insurance.

To put it mildly, buying a return-type product is equivalent to the insurance company borrowing money from you at low interest rates and using it to lend usury.

Compared with consumption, return-based insurance has higher premiums and lower sum insured, and its ability to resist risks is slightly worse. The main purpose of buying insurance is to protect you, not to manage your finances. But there are no absolutes in everything, existence is reasonable!

Return-type insurance is not useless, and its value can be reflected for the following two groups of people: 1. People who can't save money regard the fixed annual premium to be deducted as compulsory savings; 2. If you don't know how to manage money, let the insurance company take your money to help you take care of it and then give you a small part of the proceeds.

To sum up, buying insurance is to buy protection consumption, low investment in the early stage, and high protection in the early stage. The return type is a high investment in the early stage and a return in the later stage.

It is better to choose to buy consumer insurance than return insurance, although consumer insurance does not return premiums, but similar products have a higher price and flexible settings.

Return-based insurance has high premiums and seems to be refundable but has low returns. Therefore, the consumption type is more suitable for the general public to buy, while the return type is suitable for people with a certain economic base.

So how exactly should we buy critical illness insurance? For everyone's convenience, Senior Sister has specially summarized these tips to help you buy the right critical illness insurance product:"Good critical illness insurance turns out to look like this! 》

Let's take a look at the differences between the two:

It looks like this is a returnable critical illness insurance"If you are sick, you will be cured, and if you are not sick, you will get your money back"The nature is indeed fascinating, but don't be so quick to be sure.

The following advantages are not available in return-based critical illness insurance:

1. Cheap:The premium of consumer-based critical illness insurance is very close to the people, under normal circumstances, **is half or even more cheaper than return-type critical illness insurance, and relatively low** can get a relatively high sum insured, so to speak, the ** leverage of consumer-based critical illness insurance is very high and ultra-cost-effective.

2. Flexible guarantee time:The term of protection can be flexibly chosen according to your own needs, and there are 60-year-old, 70-year-old, 80-year-old or even lifetime protection periods to choose from in the market, while return-type critical illness insurance can generally only choose 80-year-old or lifetime period, which does not seem to make much difference, but it also pays more premiums.

What are the disadvantages of returnable critical illness insurance?

1. Expensive premiums:The ** of return-type critical illness insurance is on the high side, 2 times or even 3 times more than consumer-based critical illness insurance, as can be seen from the figure above, Fuze Ankang 20 has not yet added additional insurance configuration, 30-year-old women have to buy 18,000! This may not fit most families' budget preparations;

2. It seems to be returned, but in fact it is low income:The essence of return-based critical illness insurance is: in addition to purchasing a consumer-based critical illness insurance, the policyholder will pay several times more premiums, and the company will use the extra insurance fees to manage the money for decades, and all the profits will go to the company, and finally return the original principal to the policyholder.

If so, you can put this money in the bank for a fixed period of time, and the return will be higher, and the time will be the same.

The previous shortcomings are only a small part of the return-type critical illness insurance, in order to prevent everyone from continuing to fall into the mud, I have also written an article on the return-type critical illness insurance pit prevention:"Return-type critical illness insurance is only gorgeous on the surface, but it is actually so pitiful! 》

So which one is better?

Based on the above analysis, it is recommended that you consider buying consumer-based critical illness insurance, and you may wish to take a look at the article on consumer-based critical illness insurance:"If you don't go out of business, won't the premiums of consumer-based critical illness insurance be paid in vain?" 》

[Written at the end].

I am [Xueba Says Insurance], focusing on objective, professional and neutral insurance evaluation;

I will give you the most professional advice with years of experience in configuring insurance for 10w+ families.

I think the return type is better. Because the return type of insurance is more popular in the market, and the return type is during the insurance period, if the insured has an accident, he will get the corresponding compensation. Generally, the amount of the refund is higher than the principal.

Extended Resources: 1. The concept of consumer insurance and return-based insurance.

1) Consumer-oriented insurance: that is, the policyholder signs a contract with the insurance company, and if the insured accident agreed in the contract occurs within the agreed time, the insurance company will compensate or pay according to the originally agreed amount; If the insured event does not occur within the agreed time, the insurance company will not refund the premium paid.

2) Return insurance: This kind of insurance is generally long-term, and during the insurance period, if the insured has an accident, he will get the corresponding compensation. If the insured does not make a claim beyond the insurance period, the insurance company will refund the full amount.

Generally, the amount of the refund is higher than the principal.

2. The difference between consumer insurance and return insurance.

1) In terms of return of premiums: both types of insurance will receive a certain amount of insurance money if an insured event occurs during the contract period. The difference is that when there is no accident during the insurance period, consumer insurance will not refund the premium, while the returnable accident insurance can refund a certain percentage of the premium, and the amount of return is higher than the premium, and the return type insurance has the dual function of protecting investment.

2) In terms of protection time: consumer accident insurance is generally for one year, and renewal is not guaranteed, but it can be paid automatically; Return-type accident insurance is a long-term or lifelong guarantee, guaranteed renewal, and the payment period is generally 5-20 years.

3) Insurance: Consumer-based accident insurance is generally cheaper and cost-effective, usually dozens or more than 100 yuan; However, the protection period of return-type accident insurance is long, and most products need to consider the health and safety of the insured for decades or even life, so the premium of return-type insurance is usually high.

3. In fact, the return insurance is equivalent to using part of the premium to provide the same protection services as consumer insurance, and the remaining money, the insurance company will return part of the income after deducting various operating costs, and the income will not be high, generally in 1%-2%. The biggest problem is that insurance is expensive and the budget is limited, which leads to the inability to buy insurance that matches the protection needs, and greatly increases the pressure of payment. Therefore, if you are still in the period of wealth accumulation, it is best to buy consumer insurance to fully cover major risks.

In general, the consumption type and the return type each have their own functions and different aspects of protection. When purchasing a product, carefully consider the circumstances of the insured.

Insurance to buy consumption or return, mainly depends on the individual's budget, from the content of the protection, consumer protection responsibility is less, if you consider more comprehensive protection and want to return the premium, the premium budget is more sufficient, you can choose the return insurance. Generally speaking, when you have a limited budget, it is more advantageous to choose consumption-based critical illness insurance, which can expand the sum insured of critical illness protection within a certain period of time.

The difference between consumer insurance and "return" insurance mainly lies in whether the insurance company pays the insurance money as agreed when the insured dies during the protection period or the insured survives without the insured accident occurs when the protection expires.

According to the type of insurance product design, life insurance products can be divided into: ordinary type, dividend type, universal type, investment-linked type, etc. From the perspective of classification, there is no product design type of "return-to-Zheng type", so the expression "return-type health insurance" is not accurate.

The so-called "return-type health insurance" is actually a commercial health insurance with a certain savings function, including the liability for survival or death benefits, and there are also some "return-type" insurance products that are a combination of health insurance products and other risks and have functions such as death liability and maturity survival benefit.

Health insurance is aimed at the physical health of a person, covering medical expenses incurred due to illness or accidental injury or loss of income due to illness or accidental disability, and health insurance also includes insurance that provides financial compensation for long-term care due to old age, illness or disability. It mainly includes medical insurance, sickness insurance, disability income loss insurance, nursing care insurance, and medical accident insurance. Among them, illness insurance can include death liability, disability income loss insurance and nursing care insurance can include survival benefit liability.

Hello, the return-type health insurance on the market is mainly critical illness insurance, which provides critical illness protection in the event of a critical illness. For example, an insurance company launched a product that promises to provide up to 120,000 yuan of critical illness protection and 250,000 yuan of death benefit when you are sick, and you can receive up to more than 200,000 yuan in cash when you are not sick, and at the same time enjoy the dividends of the insurance company.

At present, most of the critical illness insurance in the market is of a returnable nature, and only a few critical illness insurance are pure consumption-based, and the premium of pure consumption-based critical illness insurance is lower than that of return-type critical illness insurance, and the difference between the two premiums is generally less than 1,000 yuan.

The premium of the return-based health insurance is much higher than that of the savings type of Ranbi insurance, which is suitable for people who buy insurance mainly from an investment point of view and have real financial means, these people have a certain risk tolerance, in addition to the corresponding protection, they can also get additional income in addition to the basic protection. Generally speaking, it is advisable for families to spend no more than 15% of their investable assets, beyond which the quality of life will be affected.

Hope it helps.

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