If you want to buy insurance for your family, which one is better for critical illness insurance?

Although we all have social security, it is still difficult to resist the financial pressure caused by the disease when a serious illness comes. Therefore, many friends want to buy critical illness insurance as a supplement, but there are many types of critical illness insurance on the market, and many friends wonder, how to choose?

Which is better critical illness insurance?

1. Look at the brand and word of mouth. Insurance companies with good brands and reputations are naturally better.

2. Look at the solvency of the insurance company. Buying insurance is buying protection, and whether the insurance company can pay the insurance money after the accident is quite important. An insurance company that is not solvent is definitely not an option.

3. The service level of the insurance company is also very important. Most insurance products are long-term, so you will often deal with insurance companies. If the service attitude of the insurance company is not good enough, it will encounter various troubles in the future payment and claim process.

Whether critical illness insurance is a consumption type or a return type.

In fact, these two types of critical illness insurance are not in conflict, and it mainly depends on what you care more about when purchasing. Generally speaking, from the perspective of premiums, the premium of consumer-based critical illness insurance is much cheaper (nearly 50%, depending on the age of different products), that is, the same premium, if you buy consumer-based critical illness insurance, the coverage amount will be higher.

From the perspective of protection content, the content of consumer-based protection is relatively narrow, and the liability is relatively small, generally death, total disability, critical illness protection, and the return-type includes critical illness, mild illness, death, total disability, maturity payment, etc., so if consumers consider more comprehensive protection and want to return the premium, and the premium budget is relatively sufficient, they can choose the return-type critical illness insurance.

Critical illness insurance can be divided into two types: consumption-based critical illness insurance and savings-based critical illness insurance

1. Consumer-based critical illness insurance.

I'll start with the one-year critical illness insurance:

1. One-year critical illness insurance.

One-year critical illness insurance is cheap, very cheap, how cheap is it, young people in their twenties and thirties buy it, only a few hundred yuan a year, there are hundreds of thousands of insurance amounts, and the cost performance is frighteningly high, so is it okay to buy a one-year one? Of course not.

First of all, its premium will not always be so cheap, one-year critical illness insurance pays 1 year for 1 year, using the pricing method of natural rates, that is to say, the premium will change with age, only when you are young, it is cheap, and it is very expensive when you are old

If you have not been insured, and continue to buy this one-year critical illness, the premium will be tens of thousands of dollars larger in a few years, which is not cheap, and even more expensive than long-term insurance.

Secondly, even if you are not too expensive, you may not always be able to buy it. I updated the article on one-year critical illness insurance several times last year, and each time it was users who gave me feedback that the products we evaluated last time were no longer sold, and there were no new recommendations.

One-year critical illness insurance is very unstable, and the product you bought last year is very likely to be unable to buy this year, and if you want to buy something else, you need to re-inform your health.

For example, when Xiaolan was 30 years old, she bought a one-year critical illness, and the thyroid nodule was detected when the unit organized a physical examination, and when she wanted to renew the policy in the second year, she found that the product was no longer on sale, and then looked at other products and found that the thyroid nodule either could not be bought, or it was excluded from coverage (no thyroid-related critical illness).

To sum up, a one-year critical illness looks good, but it can't be bought with peace of mind, so if you have just worked for a short time and don't have much savings, you can buy a one-year transition first, and when your income is stable, it is still recommended to buy a long-term critical illness insurance; Or if you have already bought long-term critical illness insurance and want to increase the sum insured, that one-year product is also a good choice.

2. Long-term consumption-based critical illness insurance.

I have expressed my love for long-term consumption-based critical illness insurance more than once, and I have bought a lot of such products, and I think salaried people with insufficient budgets, or those who want to spend less money and get higher critical illness protection, can be considered.

To summarize a few of its features:

Flexible insurance period: you can choose to insure for 20 years, 30 years, up to the age of 70, 80, or for life;

Fixed premiums: Long-term critical illness insurance uses balanced rates, which means that the premiums are fixed at the moment you apply for insurance, and they will not change in the future;

Low premium pressure: Fixed-term protection, no death liability, and the premium is about half cheaper than that of savings critical illness insurance.

It needs to be emphasized here that when some people see critical illness insurance with cheap premiums, their first reaction is that the protection is poor? Of course not, the reason why the premium of consumer-based critical illness insurance is low is not because of poor protection, but because it simplifies the complex, has no additional additional responsibilities, pays more attention to disease protection, and spends less money to get a larger amount of protection.

It's good to buy critical illness insurance for your parents and choose critical illness insurance with loose health notices, but you should be clear about the characteristics of excellent critical illness insurance:

The content of the guarantee is complete and abundant.

Additional benefits can be made with the Critical Illness Sum Insured.

There should be multiple claims for cancer.

Many people always give priority to critical illness insurance when buying insurance for their parents, in fact, this is a very serious misunderstanding, people over 50 years old, the premium of critical illness insurance is too expensive, the amount of insurance is too low, and they can only pay tens of thousands of dollars if they have a serious illness, we buy insurance for our parents mainly because they are worried that they have a serious illness and cannot afford to reimburse high medical expenses, which actually belongs to the scope of medical insurance, and you can buy a medical insurance with millions of insurance for your parents every year, no matter what disease can be reimbursed, the cost performance is very high, and finally don't forget, Spend one or two hundred a year to buy an accident insurance for your parents, the elderly are inconvenient for their legs and feet, with accident insurance, falls and slips, fractures can be reimbursed, in fact, it is particularly practical, so buying insurance for parents is not as expensive as you think.

It is recommended that you can purchase cancer insurance for your parents, first of all, the coverage of cancer insurance covers the big risk of cancer, you must know that the incidence rate of cancer is very high in the elderly group, and the health notice of cancer insurance is relatively relaxed, even if the parents are not in good health, you can choose the right product, and the premium of cancer insurance is relatively cheap.

If you want to buy insurance for your family, any type of critical illness insurance is good The current critical illness insurance is issued after the new regulations of the Insurance Regulatory Commission The content is similar, and it is calculated by an actuary Now Minsheng Insurance has an attractive critical illness insurance, which can be exempted from paying premiums for one year.

Considering the age of the parents, it is no longer cost-effective to buy critical illness insurance at this time, but if the budget is sufficient, you can also consider buying it. If the budget is not large and the physical condition allows, you can provide appropriate protection for your parents through a combination of medical insurance, cancer insurance and accident insurance. In addition, it is recommended not to pay too much attention to the insurance company, but to focus on the product itself.

As the elderly grow older, their body's ability to resist risks is getting weaker and weaker, and in this case, it is necessary to give the elderly more care and purchase appropriate health critical illness insurance for the elderly is the right choice.

To purchase critical illness insurance, under normal circumstances, you do not need a physical examination, as long as you fill in the insurance policy, complete the health notice, confirm the payment, and submit identity materials (the materials that need to be submitted by different insurance companies will be slightly different).

If you meet the requirements of financial or medical underwriting, you need to provide financial certificates or physical examination certificates, and whether you need to submit them depends on the underwriting requirements of different companies and different products.