About Returnable Health Insurance!! What is Returnable Health Insurance?

Yesterday (Sunday), I heard an employee of an insurance company (Pacific) who came to provide door-to-door service say that the sale of "Return Health Insurance" will be stopped on September 1 because the insurance company is too risky. So it's well worth it to get out before September 1 (and I guess I can't help it).

So I would like to ask all comrades who know how to insure whether what he said about entering now is true or false? Will there be better insurance after September 1st?

The above two paragraphs are true, because the insurance industry is to be reformed, the future products should not be as good as now, after all, the insurance industry has just started, and the current products are all good products launched by insurance companies in order to strengthen themselves.

However, good products are not only safe, we also have Xinhua, our health angel critical illness insurance is also returnable, and we can protect up to 81 years old, the coverage has 32 categories of hundreds of diseases, and one thing is very good, the amount of insurance of this product is incremental, 2 per year, that is to say, if you buy a healthy angel with an insurance amount of 100,000, the insurance amount will increase by 20,000 yuan every 10 years. And our Xinhua claims are the best. So even someone from the Insurance Regulatory Commission bought our product.

Xinhua Haidian - Life Insurance Iron Army.

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Or I'll give you a detailed answer.

Come and see! Return-type insurance, commonly known as savings insurance, refers to the fact that there is no accident during the insurance period, and the insurance company will return a sum of money to the insured or beneficiary at the time agreed in the contract.

1.Small coverage: Most returnable critical illness insurance plans only cover death in a traffic accident and do not cover general disability.

2.High premiums: Returnable insurance may cost more than 10 times for the same protection.

3.Occupy the budget: Many people do not have too much budget to buy insurance, and it costs a lot of money to buy return insurance, so there is no extra money to configure other insurance.

4.Early death or critical illness: To put it mildly, if you suffer from serious illness or hang up before you live to the specified return age, then the extra 30%-70% of the annual premium will be wasted. Like other insurances, it pays out the sum insured and doesn't give you more.

Okay, I won't be verbose, more about the content of return insurance, you can take a look at this article, the analysis is super detailed:"Cure if you are sick, return if you are not sick, the return-type critical illness insurance that everyone loves to buy is so pitted! 》

In fact, return-type insurance is not useless, and you can also buy it if you have the following conditions:

1.People who can't save money regard the fixed annual deduction of premiums as compulsory savings;

2.People who have a need for asset allocation, to put it bluntly, are people who have too much money and are looking for various investment channels.

3.People who don't know how to manage money, i.e., insurance companies take care of your money for you and then take a portion of the proceeds to you.

According to the type of insurance product design, life insurance products can be divided into: ordinary type,

Dividend-paying, universal, investment-linked, etc. From.

There is no "return-type" product design type, so the expression "return-type health insurance" is not accurate. If someone uses the expression "return-based health insurance" to confuse the characteristics and functions of health insurance, and uses it to create momentum for the "discontinuation of sales" of the product, we can all understand that it is false propaganda and an opportunity to promote product sales. In fact, 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.

At present, the return-type health insurance in the market is mainly critical illness insurance, which provides critical illness insurance for internal cataracts in the event of a critical illness.

A cash payment can also be provided at the end of the policy term. 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 if 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 returnable health insurance is much higher than that of savings insurance, and it is suitable for people who buy insurance mainly from an investment point of view and have a real financial capacity, these people have a certain risk tolerance, and 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.

Friend: The situation told you by the salesman is true, according to the provisions of the "Measures for the Administration of Health Insurance", the return health insurance of various insurance companies has been completely discontinued from January 1, 2007.

China's first special regulation of commercial health insurance ———Health Insurance Management Measures" will be implemented on September 1, the most interesting of which is that the return of health insurance was stopped, which means that domestic consumers are accustomed to health insurance as an investment and financial management method The era has come to an end, and the domestic health insurance market is also facing a reshuffle.

The payout ratio remains high.

Return-based health insurance is one of the most familiar and favored types of insurance for Chinese consumers. The inclusion of a survivorship benefit liability is the biggest selling point of this type of insurance.

According to reports, there are currently two types of return-type health insurance in the market, one is a product portfolio formed by a life insurance main insurance and additional health insurance, and the other is a separate return-type health insurance product, which is the latter that the insurance regulatory commission has stopped.

Why the sudden suspension of returnable health insurance? Shen Shuguang, director of the insurance department of the School of Finance of Sun Yat-sen University, believes that the loss ratio of insurance companies operating return-based health insurance remains high, resulting in great business risks, and unsustainability is the primary factor.

The high loss ratio of health insurance is a common phenomenon in the insurance industry at home and abroad, and the business risk of insurance companies is large, and many countries have to introduce preferential policies to encourage the development of health insurance, otherwise, the health insurance operation of insurance companies is unsustainable. In fact, in the past year, many domestic insurance companies, including Ping An Life, Pacific Life Insurance, and Chinese Life, voluntarily stopped selling some return-based health insurance due to high loss ratios.

Industry analysts believe that another important reason for regulators to stop return-based health insurance is the increase in the average life expectancy of Chinese. According to the "Chinese Life Insurance Industry Experience Life Table" released by the Insurance Regulatory Commission this year, the average life expectancy of men has increased by 4.8 years compared with the original life table, and the average life expectancy of women has increased by 4.7 years. The structure, coverage and coverage of return-based health insurance products no longer meet the market requirements, and domestic insurance companies are feeling unprecedented pressure.

In the newly promulgated "Measures for the Administration of Health Insurance", it is clearly stated that in the future, health insurance will cancel the financial management function, only ensure "health", and no longer pay dividends and returns.