The difference between Million Medical Insurance and Critical Illness Insurance

Million medical insurance and critical illness insurance are both health insurance, which are insurance products for people to avoid the risk of disease.

Million medical insurance is a reimbursement type of insurance, there is a deductible, more than the deductible, reimbursement, pay first, get the invoice, and then reimburse, the advantage of million medical insurance is that it is cheap, the coverage is wide, Baibaojun recommends that everyone have one.

Critical illness insurance is a benefit-based insurance that is payable once the conditions for payment are met. The amount of the sum insured that is paid in a lump sum. You can decide how much you want to spend. In addition, critical illness insurance can be claimed repeatedly.

From the perspective of the protection period, critical illness insurance has short-term, long-term, and lifelong-term. The most important difference between short-term critical illness insurance and long-term critical illness insurance is that the premium payment method is different.

Million Medical Insurance is a one-year policy, and the biggest problem is that it does not guarantee lifetime renewal. Therefore, when buying million medical insurance, in addition to looking at the protection clauses, exemption clauses, etc., pay special attention to the renewal clauses.

I sincerely hope that this answer can help you with your questions, and I also hope that in the future you can be smooth sailing, in the life and career of steady progress, impartiality, to find your own life, "long wind and waves will be sometimes, only hang the clouds and sail the sea", as long as perseverance, will be able to succeed.

1. The payment method is different, critical illness insurance is a fixed amount of insurance, once the diagnosis meets the requirements of the contract, a one-time compensation of insurance money, and how much money is spent. Million medical insurance is a reimbursement type of compensation, and the reimbursement amount will not exceed the total expenses incurred due to illness or accident. Only the actual cost can be reimbursed, and the first expense needs to be paid by yourself first and then reimbursed by the insurance company on the basis of the first cost, and under normal circumstances, the reimbursement will not exceed the actual ** cost.

The payouts of the Million Medical Insurance and Critical Illness Insurance are not affected by each other. [Click to get a free 1-to-1 insurance consulting service].

2. The protection period is different, and most of the protection period of critical illness insurance is long-term protection, which can be guaranteed for a certain period of time or for life. Most of the coverage period of medical insurance is mainly one year.

3. The content of protection is different, and critical illness insurance covers diseases, which are mainly divided into mild, medium and severe diseases, and there will be corresponding provisions for diseases in the contract. Medical insurance is a reimbursement of expenses incurred due to illness or accident.

The original intention of Camel Planning is to let more ordinary families get neutral and objective insurance consulting services, plan every cent of the user's premium, build an "iron wall" for users to prevent risks, and make the insurance plan no longer the exclusive property of a few people. <>

The difference between critical illness insurance and million medical insurance is mainly due to the different insurance contents, different payment conditions and different protection periods.

1. The content of insurance is different: critical illness insurance is insurance that protects critical illnesses, while million medical insurance is insurance that provides reimbursement of medical expenses.

2. Different payment conditions: critical illness insurance is a benefit-type insurance, and compensation can be obtained in the event of a critical illness agreed in the contract; The Million Medical Insurance is a compensatory insurance, and the medical expenses are reimbursed.

3. Different protection periods: The protection period of critical illness insurance is relatively flexible, ranging from one-year to life-long products; The million medical insurance usually covers a period of 1 year, with a maximum of 20 years.

1. Claim settlement. Critical illness insurance is a fixed amount of compensation, if the insured is diagnosed with a disease agreed in the contract, the insurance company will pay the corresponding amount of insurance, which can be used to cover ** expenses, ** expenses or make up for loss of income.

The total amount of reimbursement does not exceed the actual medical expenses of the insured.

2. Guarantee period.

Critical illness insurance usually covers a longer period of time, such as 20 years or 30 years, up to a certain age, or for life.

Million Medical Insurance is usually a 1-year term of protection, which needs to be renewed regularly, and there is a risk that the product will be discontinued.

3. Premiums. The premium of critical illness insurance is based on the calculation at the time of application, and the premium paid in each installment is fixed.

Premiums for Million Medical Insurance will fluctuate with age, and insurance companies may adjust product rates at any time.

4. Scope of coverage.

Critical illness insurance only covers the illnesses specified in the contract, and does not cover illnesses that are not covered by the contract.

Million Medical Insurance covers a wide range of illnesses, including but not limited to critical illnesses, mild illnesses, etc., and usually has additional benefits for cancer.

1.The nature is different: million medical insurance is a reimbursement type of insurance; Critical illness insurance is a fixed-benefit type of insurance;

2.The content of the insurance is different: the million medical insurance is to reimburse the medical expenses that have been incurred by the insured; Critical illness insurance can directly pay a sum of insurance benefits after the insured suffers from malignant tumors, sequelae of severe cerebral hemorrhage or other diseases agreed in the insurance contract and meets the conditions for claims.

3.There are differences in deductibles: there is a deductible limit for million medical insurance reimbursements, which is generally around 10,000; There is no deductible for critical illness insurance;

4.There are differences in reimbursement ratios: there is a limit on the reimbursement ratio of millions of medical insurance, for example, 100% reimbursement for a million medical insurance can be reimbursed by social security, and 80% can be reimbursed without social security; Critical illness insurance does not have a limit on the reimbursement ratio, but pays directly according to the insured amount agreed in the insurance contract.

5.There is a difference in the provisions of duplicate reimbursement: multiple million medical insurance cannot be reimbursed repeatedly, if one million medical insurance has been reimbursed, then when the second million medical insurance is used for reimbursement, only the part of the first million medical insurance that has not been reimbursed can be reimbursed; Multiple critical illness insurance policies can be claimed repeatedly, but when claiming the death insurance benefit of a minor, the sum of all critical illness insurance claims shall not exceed 200,000 yuan under the age of 10 and 500,000 yuan between the ages of 10 and 17;

6.The duration of the insurance is different: the coverage period of the Million Medical Insurance is one year, but there are also guaranteed renewals, such as guaranteed renewal for 6 years and guaranteed renewal for 20 years; Critical illness insurance is guaranteed for one year, for a limited period of time, and for life.

7.There are differences in the rules for the use of insurance premiums: the insurance benefits of the Million Medical Insurance can only be used to reimburse medical expenses; For the insurance money of critical illness insurance, the insurance company has no restrictions on how to use it, and the insured can use it for treatment or to make up for the family's economic losses.

Million Medicare. 1.The payouts are different:

Critical illness insurance is paid out in a way that as long as you get a contracted illness during the insurance period and meet the claim criteria, the insurance company will pay a sum of money directly, while medical insurance is a reimbursement-based product. You need to pay for the hospitalization first, and then the insurance company will reimburse you according to the contract.

2.The function is different: the money paid for critical illness insurance is free of charge, and can be used for ** recuperation, or for daily household expenses. However, the nature of medical insurance reimbursement determines that it can only be used for ** diseases and cannot be used for other purposes.

3.From the perspective of underwriting standards: according to physical conditions, the order of underwriting from strict to loose is no deductible medical insurance, million medical insurance, critical illness insurance, cancer prevention insurance, life insurance, and accident insurance.

Extended Information: Notes:

Buying insurance is buying protection, and protection always comes first. Medical insurance is more complex and covers outpatient, inpatient, surgical, advance payment, etc. , these should be considered in combination with needs.

Different million medical insurance and value-added services are different. For example, some support the purchase of drugs, some have proton heavy ions**, some can pay in advance, and some families share the deductible. As far as an advance payment is concerned, something is better than nothing.

Hello! There are several main differences between medical insurance and critical illness insurance:

1.The insurance attributes are different: social security, million medical insurance, Huimin Insurance is a reimbursement type of insurance, which can only solve the problem of medical expenses and does not cover other expenses.

Critical illness insurance is a payout type of insurance, when the insured is out of insurance, as long as the conditions agreed in the contract are met, the insurance company must pay the insurance money according to the amount agreed in the contract.

2.The coverage is different: Million Medical focuses on medical means and the use of drugs, such as hospitalization fees, drug expenses, etc. ** expenses (reasonable and necessary), and the total cost reimbursed by this type of insurance will not exceed the total cost actually spent.

Critical illness insurance is a one-time high compensation for the critical illness agreed in the contract, if the disease is not within the scope of the contract, the insurance company will not pay, after getting the claim, the amount can be used freely, and the use is not limited.

Critical illness insurance, on the other hand, is generally paid for a long period of time, with a balanced rate pricing method and a fixed annual premium.

4.The duration of the insurance is different: the million medical insurance is basically guaranteed for one year, and the critical illness insurance is basically long-term protection.

5.The definition of life value is different: million medical care is only a compensation for medical expenses, and there is no life value, that is, life insurance protection, while critical illness insurance is a payment type, as long as the content of the contract is met, you can directly get compensation.

All in all, the nature and role of the two are completely different, each has its own strengths, and cannot replace each other, but should complement each other.

Hope daddy's is helpful to you!

The difference between critical illness insurance and million medical insurance is that the insurance content is different, the payment conditions are different, and the protection period is different.

1. The content of the insurance is different.

Although both are medical types of insurance, one of them focuses on critical illness, which means that ordinary diseases are not very useful. Sensitive segments.

2. The payment conditions are different.

Critical illness insurance is a benefit-based insurance, which can be paid in the event of a critical illness as agreed in the contract; The million medical insurance is a compensatory insurance, and the medical expenses are reimbursed, and the former application process is relatively troublesome, but the compensation is also relatively high.

3. The duration of the guarantee is different.

The protection period of critical illness insurance is relatively flexible, ranging from one-year to lifelong products; The million medical insurance usually covers a period of 1 year, with a maximum of 20 years.

Advantages of Million Dollar Medical Insurance

1. Low premiums.

Don't look at the sum insured of million medical insurance, which can reach more than one million, but its premium is actually quite low. Most million-dollar health insurance plans have a three- to four-digit premium. In other words, people often need very little to get up to a million in coverage.

2. Wide range of protection.

The coverage of the Million Medical Insurance is very broad. It does not have disease restrictions like critical illness insurance, nor does it have restrictions on the scope, proportion, and amount of reimbursement like social security. Million medical insurance is reimbursed for both major and minor illnesses, and accidents can also be compensated.

Not only inpatient medical expenses, but also special outpatient medical expenses, outpatient surgery medical expenses, outpatient and emergency medical expenses before and after hospitalization, etc., can be reimbursed by millions of medical insurance.

3. Long renewal time.

Although the insurance period of many million medical insurance is not long, it can basically be renewed continuously, and many can be renewed until the age of 80, 90 or even higher.