Is it cost effective to buy million dollar accident insurance and pay 15 years of insurance until th

First of all, I can't be sure that the product you are buying is the specific insurance company you purchase, is it Taiping's worry-free million-dollar insurance? This accident insurance covers death liability and then a 110% refund of the premium when due.

If this kind of long-term accident insurance is not as cost-effective as the consumer-oriented one, people always feel that it will make them feel more comfortable to return the principal. In addition, some long-term accident insurance only covers death or total disability, which is not as wide as the disability claim, and the general short-term consumption accident insurance will bring some reimbursement for accidental medical expenses, which you can decide according to your needs.

There are consumption type and return type of accidents, consumption type of several hundred yuan a year, pay one year of insurance, and the general insurance liability is also relatively comprehensive, including outpatient medical treatment and inpatient medical treatment, including death and disability. The disadvantage is that once a year, the money is consumed, and it is not returned. However, the protection responsibility is more comprehensive, and the premium is cheap, and does not occupy funds, so it is recommended to choose consumption-based insurance, which is more cost-effective.

Taiping has an accident insurance called million line accident insurance belongs to the return type of accident insurance, first of all, the return type of insurance premiums will be higher, a year of premiums are basically thousands, to the agreed age can be returned, in addition to the protection responsibility, only to protect death and disability, generally accidents do not necessarily cause identity or disability, such as fractures, strains This smaller situation is not concerned.

If many customers want to accumulate the next sum of money in this way, they can also consider this kind of return-type insurance, as a mandatory savings, and some products can also save a sum of money every year through monthly payment, and return it at the agreed time, and it can also be used as a pension, which is also a good choice. It is suitable for people with more funds.

Life and death insurance is referred to as double insurance. Also known as life and death insurance or endowment insurance.

If there is a death benefit within the agreed period, if no death claim occurs within the agreed period, and the insured is still alive after the expiration of the term, then the survival insurance benefit can also be obtained.

Generally speaking, insurance companies do not sell both insurances separately, and the two insurances on the market are linked to life insurance. It is reflected in the form of a combination of sales or the form of main insurance and supplementary insurance.

Summary. 5 million personal accident insurance and 2 million personal accident insurance, the annual premium is about 5,000 yuan, the reasons are as follows, at present, Ping An of China just has one. Peace of mind is 100%, such a product can be purchased in two copies of this product Its minimum insurance amount is 1 million, and those two copies are 2 million, and then his maximum compensation amount is 5 million for one copy, and the maximum amount for two copies is 10 million.

5 million personal accident insurance and 2 million personal accident insurance, the annual premium is only about 5,000 yuan, the reasons are as follows, at present, Zhonglingye Guoping An just has one. Peace of mind is 100%, such a product can be purchased in two copies of this product Its minimum insurance amount is 1 million, and the two fingers are 2 million, and then his maximum compensation amount is 5 million for one copy, and the maximum amount for two copies is 10 million.

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The insured amount of juvenile accident insurance generally does not exceed 50,000 yuan, while the maximum insured amount for the death of children in Shanghai, Beijing, Guangzhou and other places is 100,000 yuan. Therefore, when choosing accident insurance for your child, you should pay attention to the limit of the death sum insured, and the part that exceeds the sum insured is invalid. What is the appropriate amount of adult accident insurance?

Adults are the breadwinners of the family, and the risk of accidents is relatively high, so adults should apply for accident insurance and the amount of protection should be as high as possible. How to choose the amount of accident insurance should be selected according to the occupation, for people who often travel in the morning, you can choose a one-year vehicle accident insurance when you purchase vehicle accident insurance, and the insurance amount is about 1 million.

Extended reading: [Insurance] How to buy, which is better, teach you to avoid the judgment of insurance and take hail some"pits"

1. The accident insurance of 100 yuan is a short insurance, only guess the dust insurance for one year, which can insurable 100,000 accidental death, 10,000 Suizen for medical treatment outside the lead ruler, (100 deductible, 100% reimbursement for more than 100), hospitalization allowance for 50 days, 0-70 years old can be insured.

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

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Hello, I received your question, it is being sorted out, and I will reply to you as soon as possible, please wait!

The premium of personal accident insurance is related to factors such as product type, coverage coverage, insurance period, and the insured's situation.

For accident insurance, it can be roughly divided into two types: one is consumption, the premium ranges from 100-1000 yuan a year, the insurance amount ranges from 100,000-1 million, and the annual insurance is paid for one year and is not returned.

The other is the refund type, the premium will be relatively high, but the premium will be refunded at maturity.

Arnold answered:

Hello! The cost of accident insurance generally depends on your occupation, and the general occupational premium is not much. If the occupational risk is relatively high, the premium will be relatively expensive.

However, as for how much accident insurance costs a year, the premium will vary depending on the type of insurance you choose, the insurance company, and the coverage of the insurance. Therefore, the cost of accident insurance cannot be generalized.

The insured amount, i.e., the insured amount, refers to the maximum amount of liability for the insurance company to pay the insurance money when the insured event occurs as agreed between the policyholder and the insurance company in the insurance contract. Encounter a variety of insurance products, many friends do not know how much to buy, this article believes to solve your problem:How much insurance is appropriate?

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When purchasing accident insurance, the amount of premium is not only related to the amount insured, but also related to the coverage of the accident insurance, the duration of coverage, and the occupation of the insured. So how to determine the sum insured of accident insurance? If you are interested, you can read below:

It is necessary to keep the warranty within the appropriate range, and not buy too high or too low.

1.The sum insured is too high:If the sum insured is too high, the premium will also be higher, and the excessively high premium will increase the financial expenditure and become a burden on the family, which is meaningless.

2.The sum insured is too low:Can't resist the loss caused by risk. A serious illness usually costs about 300,000 yuan, and if you only buy a critical illness insurance with an insurance amount of 100,000 yuan, the problem solved is insignificant.

Every time the question of the sum insured is raised, many people ask about critical illness insurance and accident insurance。How should we determine the amount of coverage for these two types of insurance? Next, I will talk about a few criteria:

1.Critical Illness Insurance:The average cost of a serious illness** is generally $300,000Therefore, I recommend that the amount of insurance should be more than 300,000 yuanIf you live in a big city, the cost of living will be higher, and the sum insured should also be increased to 500,000 yuan.

If it is the main economic leader in the family, it is necessary to add 3 to 5 years of income loss to reduce the pressure on the family's economic life during the period.

2.Accident Insurance:If you often sit in the office and the probability of accidents is relatively small, you can buy 300,000 insurance amounts; If you want to work outdoors for a long time or travel frequently, the probability of risk is relatively large, and the amount is best set at more than 500,000Accident insurance with public transport is preferred

If you want to buy insurance, you not only need to master the knowledge points mentioned above, but also need to master these important knowledge points, see :"Before buying insurance, you must first figure out these key knowledge points! 》