Question 10 about the exemption clause for Chinese Shou Guoshou Fu

Xueba talks about insurance, focusing on insurance product evaluation! The limited-time benefits are coming: a comparison table of 136 popular critical illness insurances in the country, free of charge

As one of the most discussed critical illness insurance products in the market, China Life Fu currently has a high sales volume in the market, but everyone's controversy over it has not stopped. Previously, in order to cater to the changing market, China Life Company adjusted and upgraded China Life Fu. But is the upgraded product better?

I stayed up late last night to read various terms and information, I don't recommend buying, I say this of course there is a basis, the reason please see my review article ::Is the upgraded China Life Fortune Premium Edition good? Pros and cons, detailed introduction, comprehensive analysis, comparative evaluation?

It mentions in detail the protection content, advantages and disadvantages, and matters that need to be paid attention to, so I recommend you to take a look.

Let me briefly talk about what terms have been improved after the upgraded China Life Blessing Edition, and whether the changed terms and conditions are worthy of consumers' favor?

1. What is the content of the Guoshoufu update, and is it better than the previous one?

Let's take the China Life Blessing Premium Edition, the China Life Blessing Supreme Edition and the China Life Fortune Premium Edition to see what new changes are made in this update:

Straight to the point: these areas have been adjusted: Increased the number of minor illness claims The Premium version enriches the types of critical illnesses covered.

2. Is it worth buying the National Life Blessing Edition?

Although the updated China Shoufu can pay for three mild illnesses, it is relatively sincere, but after all, it is a large company, and the advertising cost is still very high, ** is not low, for some friends with a low budget, it is not recommended to consider China Shoufu.

I compared the hot-selling critical illness insurance products of large companies on the market in 2020, there is too much content, and the display here is too confusing, you can take a look at this articleHeavy! A list of the top 10 popular critical illness insurance policies worth buying in 2020

That's all for me"On the issue of the exemption clause of Chinese Life and Guoshou Fu"All, look!

Double waiver means that if either one person has an accident in the policy, the subsequent premiums do not have to be paid.

Summary. Pro-<>

Hello, this question is answered by me for you, what circumstances can the Chinese Life Guoshou Welfare policyholder be exempted: when the insured can no longer pay the insurance premium in the event of serious illness or death, or when the insured has a minor illness, the insurance contract is still valid.

What circumstances can be exempted for Chinese Life and Guoshou Welfare policyholders?

Hello dear <>, this question is answered by me, what circumstances can be exempted from the policyholder of Chinese Life Guoshoufu: the policyholder has a serious illness or death, etc., when the insured can pay the insurance premium, or if the insured is a mild illness, the insurance contract is still valid.

In the insurance products of <>Chinese Life and China Life, insurers who meet the following conditions can enjoy exemption: Kaifu 1Diagnosed with a critical illness or death in accordance with the agreement; 2.

The insurer is unable to engage in the original occupation or other occupations due to the assessment of the surgeon** or physical disability that the insurer has received because of the agreement; 3.The insurer meets the other exemption conditions stipulated in the product.

What are the types of diseases that the policyholder is exempted from?

Lumbar stenosis surgery, does spondylolisthesis include.

Pro-<> 1Serious diseases, such as malignant tumors, organ transplants, partial-grade burns, etc.; 2.Major accidents, such as death, accidental disability, etc.; 3.

Hospitalization** or surgery for illness, requiring hospitalization and hospitalization not less than the specified number of days; 4.Designated mild diseases such as myocardial infarction, stroke, cancer, and edematomas.

<> not included. Are the waivers for the insured and the policyholder the same condition?

Dear <> yes.

Double waiver means that in the event of death or high disability of either the policyholder or the insured, the premium will not be paid in the later stages of the policy.

Liability in Waiver: In insurance, the exemption is the liability to make contributions.

Minor Illness Waiver: Minor illness waiver means that the policyholder or insured person suffers from a mild critical illness and the unpaid premium is waived. The types of diseases to be exempted are determined by the insurance contract. For example, carcinoma in situ, minor stroke, loss of a limb, etc.

Exemptions: Insured and policyholders.

For example, if Ms. Wang has purchased a critical illness insurance policy for her husband, she can no longer continue to pay the remaining premiums in the event of the death of one of Ms. Wang or her husband in the future, but the previous insurance contract is still valid and the insurance will continue to take effect.

Who is eligible for the double waiver of premiums.

1. Parents and children are mutually insured.

When parents purchase insurance for their children or children purchase insurance for their parents, if there is a double waiver of premiums, then it is equivalent to a policy to protect the family.

2. Husband and wife insure each other.

When applying for insurance, both husband and wife are advised to apply for insurance with each other, and then both attach a double waiver of premiums. In this case, the benefits of the guarantee can be realized.

3. Insurance with a long payment period.

The longer the premium payment period, the more likely it is that the additional exemption function of the insurance can be used, and the greater the significance of the insurance exemption. For example, Ms. Zhang has an insurance policy for her 5-year-old child for 20 years, but if Ms. Zhang dies in an accident when the child is 10 years old, then the remaining 15 years of insurance expenses do not need to be paid.

4. Insurance with high period payment fee.

A higher term payment means that the annual premium is higher, and if there is an exemption clause attached to such insurance, it will be of great significance to the policyholder or the insured. For example, if Mr. Wang buys an insurance policy and needs to pay more than 100,000 yuan per year, if Mr. Wang has an accident in the future and meets the exemption clause, then the annual expenses will be reduced by more than 100,000 yuan, but the protection is still effective.

Chinese Life - Chinese Life launched the China Life Welfare (Premium Edition) insurance product portfolio.

Encyclopedia - Premium Waiver.

Summary. Hello, I am the co-teacher of Ask the Question, I am good at insurance analysis and planning, and I have been engaged in the insurance industry for 7 years now, and I am happy to serve you.

[Insurance information inquiry is time-consuming, your problem is normal after ten minutes, please be patient and wait for ......How much is the waiver for China Life Welfare policyholders?

Hello, I am the co-teacher of Ask the Question, I am good at insurance analysis and planning, and I have been engaged in the insurance industry for 7 years now, and I am happy to serve you. [Insurance information inquiry is very time-consuming, after ten minutes your questions are very serious, please be patient and wait for ......Hunger.

Dear, how much insurance amount does the insured buy (how old, gender, sum insured), I will calculate.

The waiver rate table for China Life Welfare policyholders is as follows (calculated in combination with the insured's premium and payment period):

Summary. Dear and dear, Chinese Life Insurance (Group) Company (referred to as Chinese Life) is a leading financial enterprise and a state-owned super-large financial and insurance enterprise; Headquartered in Beijing, it is one of the world's top 500 enterprises and one of the top 500 Chinese brands. The predecessor of the company was the original Chinese People's Insurance Company, which was established in 1949, and was divided into China Insurance Life Insurance **** in 1996, and changed its name to Chinese Life Insurance Company in 1999.

In 2003, with the approval of *** and the former China Insurance Regulatory Commission, the former Chinese Life Insurance Company was restructured and restructured into Chinese Life Insurance (Group) Company.

Dear Hello, Chinese Life Guoshou Additional Guoshou Waiver Insurance does not have hospitalization medical treatment.

Dear and dear, Chinese Life Insurance (Group) Company (referred to as Chinese Life) is a leading financial enterprise and a state-owned super-large financial and insurance enterprise; Headquartered in Beijing, it is one of the world's top 500 enterprises and one of the top 500 Chinese brands. The predecessor of the company was the original Chinese People's Insurance Company, which was established in 1949, and was divided into China Insurance Life Insurance **** in 1996, and changed its name to Chinese Life Insurance Company in 1999. In 2003, with the approval of *** and the former China Insurance Regulatory Commission, the former Chinese Life Insurance Town Fan Insurance Company was reorganized and restructured and changed to Chinese Life Insurance (Bench Bureau) Company.

【Abstract】Premium waiver refers to the fact that when the insurance contract stipulates that the insurance company is completely incapacitated under certain specific circumstances, the insurance company agrees that the policyholder can no longer pay the premium waiver belongs to the insurance category and pays the subsequent premium, and the insurance contract is still valid. Premium waivers were first introduced in children's insurance, and when the policyholder parent is incapacitated, the child without financial income can continue to be covered by insurance, which is widely welcomed. Netizen consultation:

I am going to buy a Chinese life insurance, I want to ask adults to buy participating insurance, critical illness insurance for children, if an adult has an accident during the payment period, can not continue to pay for insurance! Will there be an exemption in the terms? Which types of Chinese life insurance have exemption regulations?

Insurance expert answer: Reply 1: Hello, I am a Chinese life.

There is no premium exemption in Chinese Life Participating Insurance, because participating insurance itself is a kind of financial management, and the protection is not very high. However, the talented children in the children's education insurance can be exempted from paying the later premium if the insured dies or is highly disabled during the payment of the insured's policy. Corning Life for Health Insurance (Critical Illness) also has the right to waive premiums, but this means that if the insured suffers from ten critical illnesses during the payment period, the subsequent premium will be waived.

However, Corning can pay the premium at a reduced amount, which means that if you are unable to pay the subsequent premium during the payment period, you can reduce the sum insured to achieve the goal of not paying the later premium. Reply 2: Just checked for you on the Internet, Chinese Life's elite children's insurance has exemption clauses, but the policyholder must die before the insured is 18 years old to enjoy, because I don't know much about the exemptions of other companies, I can't talk nonsense, I suggest you consult your local Zhonghong Life insurance ** person.

Zhonghong Life Insurance has a special "Zhonghong Additional Children's Life Insurance Waiver of Insurance Premium Benefit Protection". Answer 3: Why do you only want to buy waiver insurance?

There are fewer types of coverage, but you can get what you want by purchasing a combination of plans. But the most important thing is your peace! Reply 4:

The content of the premium waiver depends on the specific terms: many insurance companies only waive the premium for the main insurance, not the premium for the supplementary insurance. In addition, most insurance companies only exempt the insured person from death or total disability due to accidental injury, but not death due to illness.

In fact, if you have concerns about this, it is better to match a consumption-based term life insurance for the policyholder. For example, Hengan Standard Life's "Continuation of Love Term Life Insurance" and Chinese Life's "China Life Xiangfu Term Life Insurance", the premium of Chinese Life is higher.

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