How to choose a dazzling critical illness insurance

1. Choose between regular or lifetime.

Term Critical Illness Insurance.

The insurance period is a fixed number of years or a certain age; Whole life critical illness insurance is from the date of purchase by the policyholder to the death of the insured. In terms of insurance period, whole life critical illness insurance is preferred.

Fixed-term critical illness has high leverage and can achieve a higher sum insured within a specific period, but it cannot cover the age group with a high incidence of critical illness.

The advantage of whole life critical illness insurance is that it can protect against risks for a long time, especially when the insured person increases the probability of illness after the insured is older, if the insured purchases a lifelong critical illness, although the risk of illness increases with age, it can still be covered, and it fully covers the age group with a high incidence of critical illness.

2. What critical illnesses are covered?

The vast majority of critical illness insurance products contain 25 types of critical illnesses as agreed in the "Specifications for the Use of Disease Definitions in Critical Illness Insurance", and the rest are freely configured by insurance companies.

3. Truthfully inform your physical condition.

If you have suffered or have suffered from the conditions listed in the health notice, you must truthfully inform the insurance company, which can generally be done through manual underwriting, submission of medical records or intelligent underwriting** assessment, which may be excluded or additional underwriting, or may even refuse to underwrite. Do not have an indifferent attitude towards health information or conceal false reports, if it is serious, it will affect the results of later claims and cause unnecessary disputes.

4. Exemption from Liability.

Liability exemption refers to the scope to which the insurance company does not assume insurance liability as agreed in the contract. It will be listed in the clauses, for example: hereditary diseases, congenital malformations of the insured; Active drug use, smoking or injecting drugs, etc.

Before applying for insurance, you should review the exclusion of liability to understand the circumstances under which the insurance company will not be liable for insurance.

What kind of critical illness do you want to solve in life insurance, how much sum insured do you think is suitable for you, how long do you think you need to be covered with such an amount, and do you need to pay multiple claims?

We need to know that the quality of critical illness insurance does not depend on the number of diseases covered. Since 2009, 25 diseases with an incidence rate of more than 95% have been included in the statutory critical illnesses by the CIRC, so there are 50, 80 or even 100 types of critical illness insurance, which is not much different. Secondly, we should also pay attention to the compensation of moderate and mild illness of critical illness insurance.