What is pure consumption based critical illness insurance, and is there a consumption based critical

Brother Bao said insurance, focus on insurance evaluation! Consumption-based critical illness insurance is one of the categories of critical illness insurance, before introducing consumer-based critical illness insurance, you can take a look at the current comparison of popular critical illness insurance on the market: the top ten insurance companies are "worth buying" popular critical illness insurance inventory!

Consumer-based critical illness insurance: Affordable premiums and comprehensive protection. However, if you do not suffer from critical illness during the benefit period and do not suffer from critical illness when it expires, the premium will not be refunded.

Here's what I've summarized about the advantages of consumer-based critical illness insurance:

1.**Cheap: It can be said that the premium of consumer-based critical illness insurance is affordable for ordinary families, and the premium is not high, but the premium is not low, and the cost performance is very high.

2.Flexible protection time: The insurance coverage of critical illness consumer insurance in the market can be flexibly selected, such as 10 years, 20 years, 30 years, or age or even life, and the coverage period can be selected according to your needs.

So what are its disadvantages;

1.Low cash value. Cash value, simply put, is the amount that the insurance company needs to refund when the policyholder terminates the contract.

However, the reason why consumption-based critical illness insurance is called consumption-based is because the cash value is 0 after maturity.

2.No compensation will be paid for ordinary death. Because consumer-based critical illness insurance has no liability for death, consumer-based critical illness insurance will not pay out in the event of death.

But if you think about it carefully, consumer-based critical illness insurance is also helpless to solve this problem, after all, consumer-based critical illness insurance is mainly to protect against illness, and it is reasonable not to pay for death.

Above, consumer-based critical illness insurance is in line with the public's insurance budget. The first reason is that it is cost-effective, and the guarantee is also flexible; Take a look at my article to explain why you should buy consumer-based critical illness insurance: a list of the top 10 insurance companies that are "worth buying" of popular critical illness insurance!

Many people understand that consumer-based critical illness insurance is equivalent to online sales of critical illness insurance. However, the two are not the same, and many of the critical illness insurance sold online are not consumer-based.

The so-called consumer-based critical illness insurance refers to a health insurance product with a short protection period, low premiums and full expenses, which only provides protection for the insured, and does not have the function of returning the premium or the basic sum insured. Generally speaking, people with average economic conditions and health protection are more suitable for purchasing consumer-based critical illness insurance.

1.Flexibility of protection.

Consumer-based critical illness insurance has no life insurance liability, low premiums, and is suitable for people with average economic conditions. Moreover, there are two types of short-term critical illness insurance and long-term critical illness insurance to consider, and the protection is more flexible.

2.Product portfolio, do high sum insured.

Consumption-based critical illness insurance can be combined with whole life critical illness insurance, and the sum insured can be made very high through product matching, and the premium expenditure is not very high.

3.Buy separately and pay 2 times.

Consumption-based critical illness insurance and life insurance can be purchased separately, if you suffer from a critical illness first and then die, because it is two insurances, you can get both critical illness and life insurance benefits. Traditional whole life critical illness insurance will only pay once, which will be more attractive to some people. Critical illness insurance products.

Other insurance questions can be consulted.

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Consumption-based critical illness insurance is a critical illness insurance that does not include death liability, or only refunds the premium or cash value of the policy upon death, and consumer-based critical illness insurance is generally fixed-term. For example, it is guaranteed for 10 years, 30 years, or until the age of 60, 70, or 80, but there are also lifelong. Consumer-based critical illness insurance has the characteristics of heavy protection, and customers can get protection with a relatively small premium, and the average 30-year-old man can protect 100,000 yuan of critical illness protection with only a few hundred yuan.

An insurance product is consumption-based critical illness insurance, which means that if the insured does not have an insurance during the insurance period (before the expiration of the insurance contract or before the death of the insured), that is, there is no diagnosis of the disease agreed in the contract, then the premium paid by the policyholder is equivalent to being consumed, so it is called consumer-based critical illness insurance. However, some products will refund the premium or cash value, depending on the terms and conditions of each product.

Consumer-based critical illness insurance and return-based critical illness insurance are two forms of critical illness insurance.

Hello! Consumer-based critical illness insurance is guaranteed for a period of time or for life, and if you get the disease agreed in the terms, you will lose a sum of money, and if you are not sick, you will not be compensated.

There are also different classifications of consumer-based critical illness insurance, some are only insured for one year, and some are long-term, such as 20 years, 30 years, or 70 or 80 years old, and it is also possible to cover it for life.

If you don't know how to choose the right critical illness insurance for you, you can click to make an appointment for 1-to-1 insurance planning service, and Deep Blue Insurance Dedicated Insurance Brokers will provide you with professional advice.

Most consumer-based critical illness insurance covers critical illness, mild illness, and moderate illness, and the protection is relatively comprehensive, and there will generally be additional claims and multiple claims for critical illness, and some will also add secondary claims for high-incidence special diseases.

Consumer-based critical illness insurance is suitable for the following groups of people:

Children: Children are younger, have lower premiums, and can enjoy longer coverage than adults. If you insure 500,000 yuan for 30 years, only a few hundred yuan per year, ordinary working families can afford it, and the protection is sufficient.

Elderly: Middle-aged and elderly people around 50 years old, if they are in good health, they can apply for consumer-based critical illness insurance, and they can buy higher products with less premiums.

In general, wage earners like us with average incomes choose consumer-based critical illness insurance, which is cost-effective, and you can buy 500,000 insurance for about 3,000 a year, which is the first choice for ordinary families.

Consumer-based critical illness insurance means that the policyholder pays the premium in accordance with the insurance contract, and the insurance company can pay a sum of insurance money when the insured suffers from the critical illness agreed in the insurance contract and meets the claim conditions, but if the insured is not out of insurance during the insurance period and still survives safely when the insurance expires, the insurance company does not need to pay the insurance money and does not need to return the premium.

The corresponding to consumer-based critical illness insurance is the return-type critical illness insurance, in which the insurance company can make a claim if there is an accident during the coverage period, and if the insurance is not in occurrence, the coverage expires, and if the insured is still alive, a sum of insurance money can be returned.

First of all, what is consumer-based critical illness insurance?

Consumer-based critical illness insurance is a critical illness insurance with relatively low premiums and mainly covers diseases. If you do not suffer from critical illness during the policy period, the premium will not be refunded if you do not suffer from critical illness when it expires.

You can take a look at the difference between consumption-based critical illness insurance and return-based critical illness insuranceWhat is the difference between consumption, savings and return insurance? 》" target="_blank">What is the difference between consumption, savings and return insurance? 》So what are the advantages of this consumer-based critical illness insurance:

Advantage 1 of consumption-based critical illness insurance: Cheap. It can be said that the premium of consumer-based critical illness insurance is affordable for ordinary families, and the cheap premium can get a high sum insured, with high leverage and high cost performance.

Advantage 2 of consumption-based critical illness insurance: flexible protection time: In terms of protection period, there are many choices of consumer-based critical illness insurance, such as 10 years, 20 years, 30 years and even from age to life.

Should I choose term or lifetime critical illness insurance? 》" target="_blank">Should I choose term or lifetime critical illness insurance? 》Consumer-based critical illness insurance defect 1:

Low cash value. Cash value, simply put, is the money returned by the insurance company to the policyholder when the policyholder terminates the contract.

However, the cash value of consumer-based critical illness insurance is not optimistic, that is, the cash value of the contract after expiration is 0.

Deficiency 2 of consumption-based critical illness insurance: no premium refund. If the insured event does not occur during the coverage period, there will be no money to take after the insurance expires.

However, this deficiency cannot be regarded as a problem of consumer-based critical illness insurance, as high-premium return-based critical illness insurance may cause certain financial pressure, and consumer-based insurance can obtain higher coverage with the same premium.

Based on the above, I still recommend that you consider buying a consumer-based critical illness insurance product. The first reason is that it is cost-effective and comprehensive in terms of protection;

Why Choose Consumer-based Critical Illness Insurance? 》" target="_blank">Why Choose Consumer-based Critical Illness Insurance? 》

[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.

Critical illness insurance has consumption, return and savings, and not all of them are consumption-based

1.Consumer critical illness insurance: 1 year, 20 or 30 years, age 60 or 70, lifelong, early cash value increases, cash value decreases around age 80, cash value at age 90 is zero.

After the expiration of the guarantee, the insurance company will no longer bear the guarantee liability and will not refund any fees;

2.Returnable critical illness insurance: It can be insured for 20 or 30 years, or it can be insured for life. Generally, the cash value will continue to increase if there is a return responsibility and the return will be increased, but the cash value will be reduced to zero after the return, and some of the return-type critical illness insurance can continue to be protected after the return;

3.Savings-based critical illness insurance: It can be insured for 20 or 30 years, or for life, and its cash value will continue to grow.

1. Critical illness insurance cannot be fully defined as consumer-based insurance, and there are many types of critical illness insurance, which are divided into two types: consumption-based critical illness insurance and return-based critical illness insurance.

2. Among them, consumer-based critical illness insurance is a consumer-based insurance, and users who insure consumer-based critical illness insurance can get corresponding insurance protection, but under normal circumstances, the protection period of this kind of critical illness insurance is shorter, and the premium expenditure is relatively low, but the premium amount is not refunded.

3. The return-type trembling critical illness insurance is an insurance that needs to be insured for a long time, with a relatively long protection period, and you can finally get the premium refund while enjoying the protection.