Limit on the amount of critical illness insurance for minors, and the limit for life insurance for m

According to the regulations of the China Banking and Insurance Regulatory Commission, when parents apply for minor life insurance for their minor children with death as a condition of compensation, if the insured person is under the age of 10, the maximum amount of insurance shall not exceed RMB 200,000. If the insured person is over 10 years old but under 18 years old, the maximum sum insured shall not exceed RMB 500,000. Children's critical illness insurance, on the other hand, is based on the condition that the insured suffers from a critical illness as agreed in the contract, so there is no maximum sum insured.

In order to protect the legitimate rights and interests of minors, in accordance with the Insurance Law of the People's Republic of China.

Article 33 stipulates that the CIRC.

The limit of personal death insurance for minors is 20 and 500,000, which is explained below.

1. For the life insurance taken out by parents for their minor sons and daughters.

The sum insured for the death of the insured as agreed in each insurance contract before the insured reaches the age of majority.

The sum and the sum of the insurance benefits actually paid by each insurance company at the time of the death of the insured shall be executed according to the following limits:

1) If the insured is under the age of 10, it shall not exceed RMB 200,000.

2) If the insured is over 10 years old but under 18 years old, it shall not exceed RMB 500,000.

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For the life insurance taken out by parents for their minor children, the sum of the insured amount paid for the death of the insured as agreed in the insurance contract before the insured reaches adulthood, and the sum of the actual insured amount paid by each insurance company at the time of the death of the insured, shall be implemented according to the following limits:

For the insured under the age of 10, it shall not exceed RMB 200,000;

For the insured person who has reached the age of 10 but is under the age of 18, it shall not exceed RMB 500,000.

2. For each insurance contract in which the insured person insures his minor child with death as a condition for the payment of insurance benefits, the following three items may not be counted in the limit stipulated in the preceding paragraph:

1) The premium paid by the policyholder or the cash value of the contract at the time of the insured's death; For investment-linked insurance contracts and universal insurance contracts, this item is the account value of the contract at the time of the death of the insured or the premium paid by the policyholder.

2) The amount of aviation accident death insurance agreed in the contract. Here, the insurance amount of aviation accident death and death refers to the death insurance amount agreed in the aviation accident insurance contract, or the death insurance amount corresponding to the aviation accident death liability agreed in other life insurance contracts.

3) The amount of insurance for accidental death of major natural disasters as agreed in the contract. Here, the insured amount of accidental death of major natural disasters refers to the amount of death insurance agreed in the insurance contract for accidental injury of major natural disasters, or the amount of death insurance corresponding to the liability for accidental death of major natural disasters as agreed in other life insurance contracts.

Legal basis: Article 33 of the Insurance Law of the People's Republic of China shall not be insured for a person who lacks civil capacity, and the insurer shall not underwrite the insurance with death as the condition for the payment of insurance benefits.

There is no fixed amount of critical illness insurance for minors, depending on the amount of coverage of the product you choose.

Regarding the products of children's critical illness insurance, this list is for you: "What are the critical illness insurance suitable for babies?" What pitfalls should be avoided when configuring children's critical illness insurance? 》

How to choose children's critical illness insurance, the first choice is to start from the following aspects:

1. The sum insured should be sufficient.

If you are suffering from a critical illness, the first thing you have to face is a large amount of **expense, ** is ** cost, and there is also the cost of parents missing work in order to take care of their children.

Some data show that the cost of major diseases in China is generally about 300,000, plus some other expenses, we should allocate about 400,000 yuan of insurance amount.

If you have a sufficient budget, the higher the sum insured, the better, after all, only with sufficient sum insured can the financial risk of illness be passed on.

2. Care about common high-incidence diseases.

In addition to the common mild and moderate illnesses, we should also pay attention to whether it includes common high-incidence critical illnesses.

The China Banking and Insurance Regulatory Commission stipulates that these 28 types of critical illnesses must be included in critical illness insurance, so we must pay attention to whether these common high-incidence diseases are included when purchasing critical illness insurance.

3. The number of claims should be sufficient.

At present, the critical illness insurance on the market has payouts for mild, moderate and critical illnesses, and in addition to the claims within the scope of coverage, there are also additional benefits.

When we buy critical illness insurance, in addition to looking at the basic benefit amount of critical illness insurance, we can also see whether its additional benefit amount is sufficient.

4. Bring your own policyholder exemption.

Waiver means that after the waiver occurs, the insured does not have to pay premiums in the later stage of the main insurance contract, but can continue to enjoy protection.

5.Choose fixed-term or lifelong.

The protection period of critical illness insurance is generally divided into lifelong and fixed-term, of which the fixed-term insurance is divided into 20 to 30 years, and the insurance period is up to the age of 70.

It is better to set the sum insured of critical illness insurance according to the situation of self-ambush and ascension. Under normal circumstances, the sum insured for at least a critical illness is 300,000 for adults in the family, and 200,000 for children who are underemployed (minors) can be considered. The family balance of 200,000 should belong to the well-off family, it is recommended that you make a large amount of insurance for the pillar of the family economic reformer, and the general insurance amount can be controlled at about 10% of the family balance.

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

1. If a minor suffers from a critical illness, will the sum insured not be claimed?

Once, when Shenlanjun was searching for a product of the old five insurance companies, he found that a mother was giving feedback on the post bar and buying critical illness insurance for her child, but she suffered from a critical illness before the age of 18, and did not pay the sum insured, but only refunded the premium.

When I first saw this news, I didn't believe that the ligand was good, I thought it must be a user mistake, or some other reason.

Article 7: Amount of Insurance.

1. The critical illness insurance benefits of this additional contract shall be as follows:

1) If the insured is under the age of 18, the critical illness insurance amount shall be the greater of the following two items:

1. The sum of the accumulated insurance premiums paid in this additional contract and the main contract;

2. The sum of the cash value of the additional contract at the end of the year of the insurance policy of this additional contract and the cash price of the main contract.

The contract clearly states that if a minor suffers from a serious illness, it is not the lead that pays the sum insured, and Deep Blue Jun has also confirmed that this product can be purchased by children, and I really don't know what the insurance company designed it for.

If the baby suffers from a critical illness in the second year, one will pay 250,000 yuan, and the other will only refund 4,000 yuan in premiums.

I need to kindly remind you that at present, the domestic critical illness insurance, children's claims for critical illness are paid out of the insured amount, so you don't need to panic too much, here is just to share with you some very individual special cases.

There is a limit to the maximum sum insured of children's critical illness insurance, which is subject to the terms and conditions of the product launched by the insurance company, and the insured amount is generally between 5-500,000 yuan, which can be re-insured.

In addition, the relevant regulations of the China Insurance Regulatory Commission stipulate that when parents purchase insurance for their minor children with death as the condition for compensation, the insured is under the age of 10, and the maximum insurance amount shall not exceed 200,000 yuan; If the insured is over 10 years old but under 18 years old, the maximum amount of insurance shall not exceed 500,000 yuan.

1. There is no limit on the amount of compensation for children's critical illness insurance, because critical illness insurance is a fixed payment type, as long as the insured is diagnosed with a critical illness or meets the conditions for the payment of insurance products, the insurance company needs to pay the insurance money, regardless of how many critical illness insurances are insured in the name of the insured, the amount of compensation is not limited.

2. In addition, China's insurance regulatory commission for parents or guardians to purchase life insurance for minor children with death as a condition of payment, there is a limit, the insured under the age of 10 death insurance can not exceed 200,000 burying stool, under the age of 18 can not bend the travel can exceed 500,000.