How to pay for critical illness insurance in the event of death

If the critical illness insurance includes death liability, the insurance company will pay the death benefit according to the death benefit agreed in the policy as long as the insured person's death meets the payment conditions of the insurance company. However, if the critical illness insurance does not cover the death liability, the insurance company will not pay out even if the insured dies.

Is it okay to buy insurance without death? Too naïve, right?

However, when we buy critical illness insurance, we should not only look at whether it will bring death, but also pay attention to some other aspects, as for which aspects? Senior sister, let's talk about it!

1.Returnable critical illness insurance.

Many friends think that after buying returnable critical illness insurance, they can take money to treat the disease when they suffer from it, even if the insurance expires, they will give you a refund, but in fact, this kind of critical illness insurance is boring.

Return-type insurance is expensive, poorly protected, and about 50% more expensive than non-refundable consumer-based critical illness insurance, which is equivalent to a consumer-based critical illness insurance of about 5,000 yuan, which will be sold for 10,000 yuan after becoming a return-type critical illness insurance.

In addition, the money that insurance companies promise to return after decades will become less and less valuable in the face of monetary inflation.

If something happens, there will be money to pay, and the money will be paid back to you if you have nothing to do - return insurance to understand!

2.Whether the critical illness is grouped.

For multi-claim critical illness insurance, it is best not to group critical illnesses, and if one critical illness is compensated, the others can continue to be paid. The critical illness insurance that groups the diseases will only pay for the same group of diseases once, and if you suffer from the same group of critical illnesses during the second illness, you will not be claimed!

Moreover, multi-claim critical illness insurance is usually more expensive, so you should choose according to your budget.

3.Combined with their own situation.

Many critical illness insurance plans have options for whole life and term insurance, with lifelong critical illness insurance being more expensive than term critical illness insurance.

Of course, it is definitely better to protect lifelong critical illness insurance, but if the budget is limited, you still have to choose critical illness insurance such as death and life.

Top 10 Popular Critical Illness Insurance Points Worth Buying!

If the critical illness insurance policy provides death benefit, the insurance company will pay a sum of money to the beneficiary according to the terms and conditions after the death of the insured.

The beneficiary can use the money to support himself or herself and use it for living expenses.

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Regardless of whether the critical illness insurance covers death liability or not.

If the insured suffers from a critical illness and is eligible for compensation, the insurance company will pay the compensation normally.

If the insured dies later, the insurance company will not pay the benefits.

Critical illness insurance covers death liability

If the insured suffers from a critical illness but does not meet the conditions for compensation, and later dies, the insurance company will pay the sum insured normally.

Critical illness insurance does not cover death liability:

If the insured suffers from a critical illness but is not eligible for compensation, and later dies, the insurance company will not pay the benefit.

It depends on what kind of critical illness insurance you are buying.

Some critical illness insurance policies do not provide death benefit, and death during the insurance period only returns the premium or cash value;

Some critical illness insurance includes death benefit, and if you die within the insurance period, if you have not paid the critical illness insurance benefit, then the death insurance benefit will be paid according to the insured amount.

It depends on what kind of critical illness insurance you buy.

Some critical illness insurance plans do not provide death benefit, and death during the policy period is only the premium or cash value.

the return of the ; Some critical illness insurance plans include death coverage. If you die while covered by insurance, if you do not pay critical illness insurance.

You will pay the death benefit according to the sum assured.

Critical illness insurance. It is an insurance product used to transfer the economic risk of a serious illness. If the death benefit liability is included, it means that the product itself has the attributes of life insurance. Based on this, we can divide the death liability products of critical illness insurance into two categories:

1.The main insurance products are life insurance with additional critical illness insurance. For example, we are familiar with Ping An Fu and China Life Fu are such products, which are called "critical illness insurance" by many companies with high brand awareness.

2. The main insurance product is critical illness insurance, and the death liability insurance is additional insurance or additional function. Most of these products are critical illness insurance products sold online.

Whether or not death liability is covered by critical illness insurance. The insured suffers from a critical illness.

If the compensation conditions are met, the insurance company will make normal compensation. The insurance company will not compensate for the death of the insured.

Critical illness insurance covers death liability: if the insured person becomes seriously ill but does not qualify for compensation and later dies, the insurance company will usually pay the sum insured.

Critical illness insurance does not cover liability for death: if the insured suffers from a critical illness but does not qualify for compensation, and subsequently dies, the insurance company will not pay compensation.

Extended information: For the payment of serious illness and death liability, we can divide it into four categories according to the different amounts of compensation:

1.Death Sum Insured.

Taking the above-mentioned Ping An Fu as an example, the essence of this product is life insurance aggravated illness insurance. The sum insured of the main insurance.

It will be higher than the sickness insurance, generally more than 10,000 yuan. It is a type of insurance that shares the amount of insurance, that is, if you have previously made a claim for a serious illness, the death liability of life insurance is only 10,000 yuan. Of course, if there is no insurance for critical illness liability, the basic amount of insurance is given directly.

2.The cash value returned upon death.

The cash value of critical illness insurance increases with the length of the policy. You can check them one by one according to the year on the first page of the contract. In general, if the cashback value is clearly stated in the contract, the amount is relatively small.

3.Refund of death premium.

This situation is mostly used in the death design of critical illness insurance for children before the age of 18, so that customers feel that there is no loss of principal and prevent moral hazard.

of occurrences. 4.The greater of the sum insured, the full premiums paid and the cash value.

This product design.

It is mostly used in participating life insurance products. Due to the dividend nature of the product, the cash value of the policy will be greater than the sum insured after a certain number of years.

How to pay out after the death of critical illness insurance depends first on whether the product provides death protection, and only if it is provided, will it be compensated; Secondly, the method and proportion of the death benefit also depend on how the contract stipulates. For example, Tongfang Global Life Versailles Plus Critical Illness Insurance has two versions, one is the version of the death benefit and the other is the version of the death rebate premium. If you are struggling to choose whether to choose death benefit or not to buy critical illness insurance, and what method to choose for death benefit, you can take a look at how this article analyzes:

Should I choose the Death Refund Amount for Whole Life Critical Illness Insurance?

If it is a critical illness insurance without death benefit, which is what we often call consumption-based critical illness insurance, the premium will be relatively cheaper, but it is slightly inferior to savings critical illness insurance (whole life critical illness insurance with death benefit) in terms of the certainty of compensation. As for the return-type critical illness insurance, the death benefit is mainly provided by the combination of both comprehensive insurance. However, return-based critical illness insurance tends to lack some necessary protection such as mild to moderate illness, and the premium is relatively expensive, and the insurance leverage is not as high as that of consumer-based critical illness insurance and savings-based critical illness insurance.

In addition to the death benefit, we also need to see whether the product covers the mild to moderate illness corresponding to the high-incidence critical illness, and the corresponding proportion of the mild to moderate illness benefit must reach at least 30% and 60% of the basic sum assured, so that the insured can have enough courage to face unknown economic risks. In addition, a good critical illness insurance will also provide additional compensation for critical illness, multiple claims for severe malignant tumors, etc. Because the probability of malignant tumors is relatively high, there is also a certain possibility that the disease will persist and metastasize.

If you want to buy a good critical illness insurance, this insurance strategy is recommended to collect it first: a good critical illness insurance looks like this! You've been lied to for so many years.

It depends on the specific provisions of the contract.

If you have purchased critical illness insurance with death liability, and the actual circumstances of the insured's death meet the conditions for compensation in the insurance contract (such as the cause of death), then the insurance company will pay according to the agreed death insurance benefit.

Summary. Dear hello, I'm honored to answer for you If you buy critical illness insurance, you can pay for accidental death, but how much you can pay depends on the actual situation: if it is a critical illness insurance with death protection, then if the insured dies due to an accident, the critical illness insurance can be paid, and the insurance money will be paid according to the insurance contract; In the case of critical illness insurance without death benefit, the insurance company can pay the cash value.

It should be noted that not all critical illness insurance policies come with death benefits, for example, some critical illness insurance policies also require the policyholder to attach a death benefit at the time of application.

How much can a person pay if they die after buying critical illness insurance.

Dear hello, I'm honored to answer for you If you buy critical illness insurance, you can pay for accidental death, but how much you can pay depends on the actual situation: if it is a critical illness insurance with death protection, then if the insured dies due to an accident, the critical illness insurance can be paid, and the insurance money will be paid according to the insurance contract; In the case of critical illness insurance without death benefit, the insurance company can pay the cash value. It should be noted that not all critical illness insurance policies come with death benefits, for example, some critical illness insurance policies also require the policyholder to attach a death benefit at the time of application.

Critical illness insurance for natural death can generally be paid in the following ways:1Report the crime:

After the death of the insured, the deceased beneficiary needs to notify the insurance company in time and report the case; 2.Prepare claim materials: The death beneficiary needs to prepare the claim materials according to the requirements of the insurance company, generally speaking, the death insurance claim usually needs to prepare the medical SI death certificate, huohua, fishing ** certificate, public security organ account closure certificate, as well as household registration book, SFZ and YHK of the death beneficiary; 3.

Submission of materials: After preparing the claim materials, submit them to the insurance company;

Generally speaking, if the insured dies naturally, the critical illness insurance that covers the death usually has the maximum amount of coverage, and some are the largest of the compensable cash value, premiums paid and basic sum assured, depending on the insurance contract; In the case of critical illness insurance that does not cover death, the cash value is generally paid. It should be noted that critical illness and death in critical illness insurance can usually only compensate one of them, but if the critical illness insurance has life insurance recovery fund protection, the insurance company can still pay another death benefit if the insured dies naturally one year after the critical illness has passed; 5.Escalation:

The auditor of the insurance company shall report the audit results and plan, and the audit shall be signed and approved by a special person; 6.Claim: The insurance company will notify the deceased beneficiary to receive the claim payment, which can generally be credited to the deceased beneficiary's YHK account.

If the insured does not designate a beneficiary during his or her lifetime, the insurance company will pay the claim to the legal beneficiary, who is the legal heir of the insured. 7.Case closed: The claim is completed and the insurance company closes the case.

There are two types of payouts after death in critical illness insurance: Sum Insured and Cash Value. If there is a death benefit and the death meets the provisions of the contract, the insurance company needs to compensate the insured for the death, if there is no death benefit, and the death of the insured does not meet the specified coverage, then the compensation will not be paid.

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When applying for a critical illness death insurance claim, you need to pay attention to the following:

Insurance Liability. When purchasing critical illness death insurance, you need to read the insurance wording carefully to understand the scope and limitations of insurance liability. If the death of the insured person is not covered by the insurance, then the insurance company will not pay compensation.

Application Materials. When applying for a claim for critical illness death insurance, you need to prepare complete application materials, including the insured's death certificate, insurance policy and other relevant materials. If the application materials are incomplete or there are problems, it will affect the progress of the claim.

Statute of limitations. When applying for a claim under the death insurance of critical illness insurance, you need to pay attention to the statute of limitations. The timeliness for claims may vary from insurance company to insurance company, but claims are generally completed within 30 working days.

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How to pay for the death benefit of critical illness insurance depends on the terms and conditions, and the amount of compensation is generally different for different products. Some products pay the premium or cash value before the age of 18, and the basic sum assured is paid after the age of 18. Some critical illness policies do not have death benefit.

Different products have different payment plans, so the death benefit of critical illness insurance should be analyzed according to the specific product. Is it better to buy insurance with death or not to die without it? If you don't know the answer, you should take a good look at this article:

Is it okay to buy insurance without death? Too naïve, right?

In addition to death benefits, many excellent critical illness insurance policies on the market also have the characteristics of sufficient sum insured, large compensation ratio, additional compensation for specific diseases, multiple claims for mild to moderate diseases, and multiple claims for malignant tumors. As one of the four major types of insurance that we need to prioritize, it is important to choose a product with good protection. For more information about the evaluation criteria of excellent critical illness insurance, the senior sister has listed it for everyone, click to collect it:

A good critical illness insurance policy looks like this! You've been lied to for so many years.

After the above analysis, I believe you already know how to understand the death benefit of critical illness insurance and how to choose a good critical illness insurance. However, there are many critical illness insurance products, and there are various protection contents, and the terms are enough for everyone to look forward to it for a long time. In order to facilitate everyone to buy products that suit them efficiently, Senior Sister has taken stock of ten critical illness insurance companies worth buying for you to choose from:

Top 10 Popular Critical Illness Insurance Points Worth Buying!