Can the principal be returned if the critical illness insurance is insured for life?

Critical illness insurance. There is a type of insurance that can return money, which can return the principal or choose to return the sum insured.

But it is not recommended to choose, there are three main reasons:

Return-back insurance** is expensive

The reason why the return insurance can promise to return the money at maturity is because the money is originally given by you.

Let's give an example to compare:

One is the more recommended consumer-based critical illness - Darwin.

Number 5 Glory Edition.

One is a certain return-type insurance.

The same is 500,000 yuan of insurance, paid for 30 years, and Darwin No. 5 Glory Edition is guaranteed for life, with an annual payment of 5,740 yuan.

Return-type critical illness insurance is insured until the age of 80, and the annual payment is 11,150 yuan.

The annual difference is 5,410 yuan, which is 162,300 yuan for 30 years, and if a family of three buys it, it is 486,900 yuan.

And the protection, this return type is not as good as the glory version, there is no mild to moderate disease, no additional compensation, and the protection period is short.

The amount returned is not high

The Glory Edition is not returned, but it has the money that is underpaid, which can be used to invest.

So the following situation arises:

Return-type critical illness insurance, by the age of 70, you can get all the money paid 334,500 yuan.

And the money that the glory version pays less, as long as there is a compound interest income, it can exceed 334,500 yuan.

And compound interest, you can buy annuity insurance.

and incremental whole life insurance.

Realization, friends who know how to invest, can also choose ****, and the income may be higher.

After the accident, it was not returned

Critical illness insurance cannot be combined with the death benefit. If you lose money for critical illness, you can't pay for death, and if you lose death, you won't pay for critical illness.

The same is true for partial return-based insurance, if you unfortunately suffer from critical illness before the agreed return time, you will not be able to return the money, and compared with consumer-based critical illness insurance, the extra part of the money will not be refunded, that is, you have paid so much money in vain.

If you're lucky enough to make it to the time to get the money, don't be happy, because after the money is given to you, the contract is terminated, that is, the guarantee is gone.

It was about seventy or eighty years, and it was the time when the disease was high. Without security, it's just you who suffers.

The primary purpose of critical illness insurance is protection, and the choice of return-based critical illness insurance is actually a bit of putting the cart before the horse, and it is recommended to give priority to protection as a decision-making factor.

If you are sure that the critical illness insurance will cover you for life, then I can be 100% sure of you. You can't get your principal back.

Because no matter what the name of the insurance is, his insurance liability is almost the same, such as the multiple insurance of Xinhua Insurance Company. The essential oil life of Pacific Insurance Company and the Ping An Fu of Ping An Insurance Company are actually basically the same. All of them are a whole life insurance with additional critical illnesses and some other one-year short-term insurance according to individual circumstances.

Therefore, buying insurance should be purchased according to the individual's financial situation. If you can't say it's good, I'll buy it, because it may not be suitable for you.

I don't know what you mean by returning the principal, but you can surrender the policy. That is, you terminate the contractual relationship with the insurance company, but if there is no problem agreed in the contract, when you are older, it is naturally more necessary to be protected, and at this time to surrender the policy. It's not suitable.

Specifically, you can call your insurance company, and there will be customer service staff to ask you questions.

Ping An Lukfook can return the premiums paid, and the critical illness compensation will be paid six times, and the group compensation will be paid, and the first claim will come with a waiver. The remaining five are covered up to the age of 80. If there is cash value in the account at the age of 80, you can withdraw the money and the contract will be terminated.

If it doesn't happen, you will receive a survival pension at the age of 80, and the guarantee will be maintained for life, and the sum insured will be inherited. From 6000.

Guardian Millions can also return the premiums paid, and the contract will be terminated after the payment of critical illness once. Do not occur optional sixty, seventy, seven.

Ten. 5. Eighty to receive a survival benefit, you can only choose once, and after receiving the critical illness protection for life, the sum insured will be inherited from 3,500.

Of course, there are also those that do not return the principal.

It depends on the terms of the policy, if there is an additional insurance liability, you can return the premium paid when you reach a certain age.

Now there are such products, and they can be returned for life.

Whether you can get a refund of the premium you have paid depends on what kind of insurance you have purchased.

If you purchase a lifelong critical illness insurance without death benefit, which is a consumption-based critical illness insurance, if the insurance occurs within the protection period, the claim will be made if the conditions are met, and the contract will be terminated before the expiration of the insurance period, and the premium paid will not be refunded.

If you purchase a lifelong critical illness insurance with death benefit, which is a savings critical illness insurance, the insured can get at least one of the claims if the insured is sick or dies without illness during the coverage period, and there is no need to worry about the situation of paying the premium in vain. If you don't understand the difference between consumption and savings insurance, you can read this article: What is the difference between consumption, savings and return insurance?

Which is the best deal?

If you want to have a life-long critical illness insurance policy with death, you can consider Versailles Plus Critical Illness Insurance. This product is available in two versions: Death Sum Assured or Death Benefit Premium. If you choose the Death Benefit Premium Version, then when the Insured does not die of illness, you can get a death benefit with a premium paid if you meet the claim conditions.

Versailles Plus Critical Illness Insurance, which not only provides complete coverage for mild and moderate illnesses, but also provides additional benefits for minor and moderate illnesses, premium waivers, etc., and can also choose other benefits, which is very good. If you are interested, you can read this article: Versailles Plus Critical Illness Insurance is back, an in-depth review must be seen before buying!

If you are worried about paying the premium in vain, Senior Sister recommends that you choose savings insurance, which has a higher certainty of compensation.

Secondly, the sooner you buy critical illness insurance, the cheaper the premium. In addition, we can choose to provide premium waiver protection for critical illness insurance, so that when the insured or policyholder meets the agreed conditions, the insurance company will waive the subsequent premiums payable, which may reduce the payment pressure of the policyholder. If you want to increase the probability of triggering the premium waiver, you can also choose a longer payment period, which not only reduces the pressure of each payment period, but also has the opportunity to trigger the premium waiver benefit.

If you don't know much about premium waiver, you can read this article: Is premium waiver good, and do you have to choose it when buying insurance?

1. There are two types of critical illness insurance, one is the return type and the other is the consumption type. If the return-type dies directly if you do not have a critical illness, then the sum insured will also be paid. If you don't have a serious illness, you won't have the money to get.

2. There is also a kind of insurance that is annuity insurance with critical illness insurance, which basically has no insurance protection function. You can take it out when it is full. 3. It is not recommended to buy return and annuity insurance, which cannot achieve the pension effect, and the overall annualized interest rate is generally difficult to exceed 3%, at most 4%, which is not as good as bank financial management.

Can't resist inflation and want to retire? It's better to save, you will only find that the more you save, the less money you save.

Hello, if you buy a critical illness insurance with both insurance, you can basically get back the principal after the expiration of the insurance, depending on the terms and conditions.

Critical illness insurance is divided into consumption type and return type, except for the kind that directly agrees on how much premium will be returned to you after the expiration of the guarantee, which can generally get back the principal.

However, the protection of this type of product is not sufficient, which is equivalent to reducing the protection with the return of premiums, and the father does not recommend buying.

Of course, there are some critical illness insurance policies on the market that come with death protection, regardless of whether the critical illness occurs, you can get a certain amount of compensation after your unfortunate death, and it is no problem to return the principal.

So how to choose between consumption-based critical illness insurance and savings-based critical illness insurance? A lot of people want to know, dad said.

First of all, the biggest difference between them is the difference in definition.

Consumer-based critical illness insurance:

Death liability is not included, only if you suffer from a critical illness as agreed in the contract, the premium will not be refunded if there is no insurance during the policy period.

Of course, there are also some products that will refund the accumulated premiums paid by consumers, or return the cash value, depending on how each product is agreed.

Savings Critical Illness Insurance:

When you purchase a lifetime guarantee, you will definitely be able to get compensation: 1. Get compensation for suffering from the agreed disease; 2. Compensation will be paid in death. (However, it should be noted that you cannot have both types of payouts).

This type of critical illness insurance is also often more popular, after all, after applying for insurance, it is equivalent to the consumer getting critical illness insurance protection at the same time, and the insurance company also helps save money.

In addition to the difference in definition, the two also have the following differences:

1) Premiums vary greatly.

Consumption-based critical illness insurance: protection-oriented, no savings function, usually** cheaper.

Savings critical illness insurance: Under the same protection conditions, the premium is generally 30%-40% more expensive.

2) The cash value is different.

Consumption-based critical illness insurance: There are two types of insurance, fixed-term and life-long.

Term of Insurance: The cash value will start to rise as the premiums paid increase and will become 0% in the maturity year of the benefit.

Guaranteed for life: increase first, reach the peak and then slowly fall, and there will be a part of the cash value in the later stage.

Endowment Critical Illness Insurance: Lasts from the effective date of the policy** and over time, the cash value will exceed the premiums paid, i.e. if the policy is surrendered at that time, more money will be returned than paid.

Consumption-based critical illness insurance and savings-based critical illness insurance have their own characteristics, and there is no good or bad difference.

Consumer-based critical illness insurance is economical, but it does not cover death, and most consumer-based critical illness insurance products will not refund the premium if there is no insurance during the policy period.

The advantage of savings critical illness insurance is that it can provide lifelong illness and death protection, and even if we do not suffer from the critical illness agreed in the contract, we can also get a sum of money after insurance, that is, the money will not be "wasted". But it's slightly more expensive.

There are still a lot of questions that can be talked about in critical illness insurance, if you need it, you can consult Daddy Insurance!

The principal can be returned after the expiration of critical illness insurance, but this long-term protection insurance does not recommend returning the principal, because the protection of critical illness insurance will stop after the principal is returned, and the purpose of purchasing insurance is to buy a protection.

Whether you can get the principal back after buying critical illness insurance depends on the type of product chosen by the policyholder. The details are as follows:

For consumer-oriented products, regardless of whether they are insured or not, the paid principal will not be returned; For returnable products, if there is no insurance, the premium or cash value paid will generally be refunded in accordance with the contract at the end of the insurance period. Under normal circumstances, critical illness insurance claims do not include the principal and are paid in accordance with the terms of the contract. When buying insurance, be sure to read the terms of the contract and the payment method of the insurance money.

Extended Information: Critical Illness Insurance

Critical illness insurance refers to the commercial insurance behavior handled by the insurance company to pay the insurance premium according to the insurance contract when the risk of specific critical illness, such as malignant tumor, myocardial infarction, cerebral hemorrhage, etc., occurs and the insured reaches the critical illness status agreed in the insurance clause.

Types of Critical Illness Insurance:

1. Term insurance.

Critical illness benefit is the main insurance, which is provided for a certain period of time, and generally adopts a balanced premium.

2. Whole life insurance.

Whole Life Critical Illness Insurance provides lifelong protection to the insured. There are two forms of lifetime protection, one is critical illness protection for the insured until the death of the insured; The other is that when the insured survives to the limit age agreed in the contract (such as 100 years old), the insurer pays the insurance money equal to the amount of critical illness insurance, and the insurance contract is terminated.

3. Additional benefit insurance.

It is necessary to purchase other main insurance at the same time, such as whole life insurance or endowment insurance at the same time, which is a type of consumption-based insurance, and the natural rate design is more common.

4. Pay insurance in advance.

It is necessary to purchase other main insurance at the same time, and most of them are limited to whole life insurance at the same time, which is a type of consumption-based insurance. The death benefit is also based on the sum insured of the main insurance.

5. Independent payment insurance.

Critical illness insurance with independent payment of primary insurance includes insurance liability for death and critical illness, and its liability is completely independent, and the two have separate sum insured.

6. Proportional payment insurance.

Proportional critical illness insurance is designed for the type of critical illness, mainly considering the incidence, mortality, cost and other factors of a critical illness to determine the proportion of payment in the total amount of critical illness insurance.

Only refundable critical illness insurance will refund a portion of the premium, while consumer-based critical illness insurance will not refund the premium. The returned principal is actually the overpaid premium, and the premium will be 50% higher than the non-refundable critical illness insurance compared to the non-refundable critical illness insurance. Therefore, it is not cost-effective to return the principal of critical illness, and for families with insufficient financial budget, critical illness insurance that does not return the principal is more cost-effective.

Critical illness insurance policies that cover a lifetime do not necessarily provide a refund of premiums paid.

If you want to get your premiums back, the best option is to buy critical illness insurance that can be returned at maturity. According to the provisions of the contract, if there is no insurance, the insurance company will pay the maturity insurance benefit after the agreed return period, and the return conditions are met.

If you don't know much about return-type critical illness insurance, you can also take a look at this: Treat the disease if you are sick, return if you are not sick, and the return-type critical illness insurance that everyone loves to buy is so popular!