What are the consumer insurance of Chinese life insurance

Chinese Life currently has some consumer-oriented insurance products on sale, such as China Life Exclusive Health Critical Illness Insurance (Premium Edition). This is a one-year critical illness insurance, which is also known as consumption-based critical illness insurance. The protection liability of this critical illness insurance is the critical illness insurance benefit, but there are many similar critical illness insurance products on the market that will also cover the mild to moderate illness protection corresponding to the high-incidence critical illness, and the mild and moderate illness protection can reach 30% and 60% of the basic sum assured, and also provide additional compensation for critical illness and malignant tumor-severe multiple claims.

It's not easy to buy a good critical illness insurance, but fortunately, industry insiders have given an insurance guide: a good critical illness insurance looks like this! You've been lied to for so many years.

In addition to term critical illness insurance, critical illness insurance that covers life without death benefit is also a consumer-based critical illness insurance. Critical illness insurance with lifetime coverage and death benefit is a savings-based critical illness insurance. The main advantage of consumer-based critical illness insurance is that the premiums are relatively cheap, but if you talk about the certainty of compensation, it may be that savings critical illness insurance is better.

As for return-type critical illness insurance, due to the relatively low insurance leverage, the senior sister does not recommend return-type critical illness insurance as the first choice for everyone to insure. If you want to have a deeper understanding of these three types of critical illness insurance, you may wish to move to this link: What is the difference between consumption, savings, and return insurance?

Which is the best deal?

In fact, in addition to critical illness insurance, million medical insurance and accident insurance are also types of insurance that most of us should be equipped with. Million medical insurance mainly reimburses part of the expenses that are not reimbursed by social medical insurance, and the reimbursement ratio generally varies according to "whether it has been reimbursed by social security". When applying for accident insurance, we mainly look at whether the product provides accidental medical treatment, sudden death protection and other liabilities.

Specific private chat about what you need.

1. Term life insurance;

2. Whole life insurance;

3. Endowment insurance;

4. Survival insurance and both-insurance insurance.

Life insurance protects the death of the insured, and some products can protect the disabled or highly disabled, and the breadwinner of the family buys life insurance, and the beneficiary is actually the family.

Consumers can freely choose term life insurance and whole life insurance according to their own needs and the length of time they want to be protected.

If you are looking for short-term protection, you can consider term life insurance;

If you want long-term or lifelong protection, you can consider whole life insurance.

From the perspective of protection liability, these types of insurance overlap in function, but they are different.

Among them, the medical insurance liability, including the medical liability in medical insurance and accident insurance, is reimbursed, and the amount paid is reimbursed, and it cannot be repeated and overstated.

Critical illness insurance, life insurance, and accident insurance are all payouts, and the agreed sum insured can be directly paid if the terms and conditions are met, and they can be stacked.

Chinese life. Consumer-based critical illness insurance.

The main ones are:1China Life Kangheng Critical Illness Insurance;

2.China Life Corning Term Health Insurance Plan;

3.China Life Corning Whole Life Critical Illness Insurance.

Although the premium cannot be refunded at the end of the term, the consumer-based critical illness insurance has the characteristics of wide coverage, low premium, and short-term protection. When purchasing consumer-based critical illness insurance for children, it is recommended that the critical illness sum assured be insured.

Not less than $100,000. If you can afford it, you can look at a consumer-based critical illness insurance product with a guaranteed critical care allowance to increase your claims. In addition, stress from the workplace keeps many white-collar workers in a state of sub-health for a long time.

When purchasing critical illness insurance for consumers, they can choose the amount of critical illness insurance based on their income. It is recommended between 100,000 and 200,000.

Therefore, when choosing a product, consumers must understand the insurance liability and whether it can be combined for insurance, and it is best to have professional guidance.

Hello! Life insurance can be divided into risk protection life insurance and investment insight wealth management life insurance.

First of all, risk-based life insurance focuses on the risk of survival or death of the insured person. Risk protection life insurance can be divided into term death insurance, whole death life insurance, endowment insurance, and annuity insurance.

Investment and wealth management life insurance products focus on investment and wealth management, and the insured can also obtain the functions of traditional life insurance. This type of insurance can be divided into participating insurance, investment-linked insurance and universal ruined life insurance.

Secondly, in addition to obtaining insurance protection, the policyholder of the participating insurance can obtain dividends from the insurance company, that is, share the operating results with the insurance company. This insurance is the main type of insurance against inflation and interest rate fluctuations.

The dividends of participating insurance are mainly based on the "three differences": interest rate spread, death difference and fee difference. The interest rate spread is the profit or loss caused by the difference between the actual investment rate of return and the predetermined investment rate of return of the insurance company; The difference between death is the difference between the predetermined mortality rate and the actual mortality rate, resulting in a profit or selling loss; The difference is the profit or loss caused by the difference between the predetermined expense rate and the actual expense rate of the insurance company.

Generally speaking, in the regulated insurance market, there is little difference between insurance companies in terms of death difference and fee difference, and the dividends are mainly higher than the interest rate spread.

Finally, there are many insurance channels, you can consider professional insurance brokers, you can consider the products of professional insurance companies, or insurance, it has the advantage of being more convenient and more cost-effective than other channels, but you have to choose a well-known **, such as China Minsheng Insurance Network and other large insurance institutions can go to understand.

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