What is the difference between Million Medical Insurance and Critical Illness Insurance?

Critical illness insurance and million medical insurance are both commercial insurance, and both are health insurance, and their differences are mainly as follows:

1. The payment method is different.

Million medical insurance is mainly in the form of reimbursement to compensate the insured, so that the insured spends on hospitalization expenses and pays proportionally. Critical illness insurance is paid according to the agreed sum insured, so that the amount of compensation may be greater than the medical expenses of the insured.

2. The form of payment is different.

Million medical insurance is generally paid in a single payment, with a payment period of one year and a protection period of one year. Critical illness insurance can be paid in a single payment or in a fixed period, and the payment period can be 10 years, 20 years, 30 years, etc., and the protection period is regular or lifelong.

3. The risk situation is different.

There are two main risks when people are seriously ill, on the one hand, the cost of ** expense, and on the other hand, the ** cost of later life. The former is reimbursed by medical insurance, while the latter is the risk category targeted by critical illness insurance, and late**, loss of income, living expenses, and critical illness insurance can all be compensated.

The difference between million medical insurance and critical illness insurance is that million medical insurance, which can be insured in a wide range, while critical illness insurance, which is limited to critical illnesses.

Baotong Insurance**: Million Medical Insurance: Whether it is a general illness, a critical illness, such as cancer, or an accidental injury, a series of medical expenses incurred in hospitalization can be reimbursed.

But it cannot be compensated: loss of income from work, ** nutrition expenses, nursing fees, etc.

Critical illness insurance is a one-time payment of a sum of money for a serious illness in the contract to solve problems such as living expenses, children's tuition fees, and elderly support.

Critical illness insurance claims are free to use and can be spent however you want.

That's two different coverages.

The most asked question is how to buy medical insurance, here is a comparison table of the latest domestic medical insurance products, after reading you will know which one is good:"2020 Domestic Hot Million Medical Insurance Points".

In general, it is advisable to purchase medical insurance before purchasing commercial medical insurance. Medical insurance is the most basic protection, there are no special insurance restrictions, almost everyone can buy it, and it is also very cheap. Commercial medical insurance is a supplement to medical insurance, which includes some items that are not covered by medical insurance, such as imported drugs, high-end ** fees, examination fees, etc.

There are many types of medical insurance, and the common ones are three types: million medical insurance, hospitalization medical insurance, and cancer prevention medical insurance.

Let's talk about the differences between these 3 in detail:

1. Million medical insurance

Most people can buy millions of medical insurance, it is not only cheap, the reimbursement amount is also very high, and there is no limit on the reimbursement of diseases, the annual premium is only a few hundred yuan, but you can get millions of reimbursements, which is really cost-effective. In addition, it also has a very comprehensive insurance content, such as bed fees, nursing fees, surgery fees, drug costs, material costs, etc., which can be reimbursed.

Next, let's give you an analysis of several popular million-dollar medical insurance:

We can understand by **.

(1) Good medical insurance:Very few million medical insurance plans are guaranteed to be renewed for 6 years. During the 6-year period, whether it is a claim, a deterioration in health or the suspension of insurance products, you can continue to apply for insurance.

(2) Exclusive e-life:Added post-operative home care, oncology specialty services, and increased family sharing deductible options.

(3) Micro-medical insurance:The value-added service that includes the second international diagnosis and treatment is the feature of this one.

As you can see from the above, each product has its own product features, and you can choose to buy it according to your protection needs.

In addition to the millions of medical insurance mentioned above, there are many cost-effective products to choose from, you can take a look at the original article of this review:"Top 10 Popular Million Medical Insurance Plants for You! 》

2. Hospitalization medical insurance

This type of medical insurance is characterized by low deductibles and low coverage. This kind of insurance is mainly used to reimburse outpatient clinics, and young babies or older people buy more. Because the resistance of children and the elderly is relatively weak, the probability of getting sick is relatively large, relatively speaking, this insurance plays a greater role in them.

3. Cancer prevention medical insurance

At present, the maximum age of insurance for millions of medical insurance is about 60 years old, and the older ones cannot be insured, and they can be insured for cancer prevention medical insurance.

Cancer medical insurance covers cancer, and this insurance covers a wide range of age groups and health requirements are not so demanding. It is very suitable for people who are old or have some minor physical problems.

This kind of ** is greatly affected by physical fitness and age, I have sorted out some cost-effective cancer prevention medical insurance, friends in need can collect:"Cost-effective! Top 10 Cancer Prevention Medical Insurance Inventory Worth Buying! 》

1. The purpose of insurance is different.

Million Medical Insurance is mainly to solve the problem of medical expenses, including accidental hospitalization and hospitalization for common diseases.

Critical illness insurance is primarily designed to address the loss of income due to illness.

2. The nature of reimbursement is different.

Million medical insurance is a reimbursement type, and the insurance company reimburses medical expenses according to a certain percentage;

Critical illness insurance is a fixed-amount payment type, and the agreed amount of insurance will be paid immediately after diagnosis.

3. The deductible is different.

The deductible of million medical insurance is generally 10,000 yuan;

There is no deductible for critical illness insurance.

4. The duration of the insurance is different.

The coverage period of the Million Medical Insurance is 1 year and must be renewed every year;

Critical illness insurance generally covers up to age 70 or for life.

5. Premiums are different.

The premium of the million medical insurance is low, and the natural rate is used, and the annual premium will be adjusted;

Critical illness insurance uses a balanced rate that pays the same amount of money every year, but the annual premium is higher.

There are the following differences: First, the coverage is different. Critical illness insurance only covers critical illnesses as agreed in the contract, while medical insurance does not limit the types of diseases and has a wider range of coverage.

Secondly, the way of making claims is different. Medical insurance is reimbursement after the fact, and critical illness insurance is paid in advance. Then, the duration of the coverage is not the same.

Medical insurance is short-term insurance, generally for one year, and critical illness insurance can cover long-term or.

Critical illness insurance, that is, once the insured has the agreed illness and meets the conditions for claims, he can get a compensationLet's say 500,000. This money can be arranged freely, whether it is used for medical expenses or spicy food.

Millions of medical insurance, you need to be sick and hospitalized, and after social security reimbursement, you usually pay more than 10,000 yuan out of pocket to find an insurance company for reimbursement, with a maximum reimbursement of 100%.

Although critical illness insurance and million medical insurance are both types of insurance that cover diseases, the roles of the two are very different, and this article will explain it in detailWhat is the difference between critical illness insurance and medical insurance? Will there be a conflict when making a claim?

Overall,The role of million medical insurance and critical illness insurance is different, and only by cooperating with each other can we solve big problems:

Critical illness insurance, long-term stability makes up for the risk of instability in medical insuranceIt can not only make up for medical expenses, but also the main cost of **after**. At the same time, it can also make up for the loss of income after being unable to work after illness.

Millions of medical insurance, which can be reimbursed for millions, has a large leverage, which makes up for the relatively low leverage (hundreds of thousands) of critical illness insurance. It can be used as a powerful supplement to social security, not limited to diseases, and to protect self-financed drugs and imported drugs that cannot be reimbursed by social security, so as to treat diseases for everyone!

Here is a list of friends who are afraid of buying the wrong product and being pittedTop 10 Critical Illness Insurance Points Worth Buying!

2020 cost-effective million medical insurance collection

Hello this friend, critical illness insurance and million medical insurance are the two major types of insurance we need to have, both of which are related to illness and medical treatment.

There are always friends who ask my dad that if you buy a million medical insurance for 400 yuan, you will have an insurance amount of 2 million, and what should you do with a critical illness insurance with an insurance amount of 500,000 yuan for 1,000 yuan? Of course, judging from the leverage of ** and the sum insured, we may feel that millions of medical care is a big bargain! But you can't just look at the surface, the difference between the two is very big.

Let's let Daddy slowly analyze it for you:

Deductible of 10,000

Million Medical generally has a deductible of 10,000 yuan, that is, after social security reimbursement, 10,000 yuan will be deducted, and the remaining part can be reimbursed. The deductible of 10,000 yuan filters out small claims below tens of thousands, so it can make ** so low.

2. Once a year, there is no guarantee of renewal

Million medical insurance is a short-term insurance that is paid once a year, and most of them cannot be guaranteed to be renewed. The loss rate of million medical insurance is very high, and it is very likely that you have just purchased it for one year, and it will be discontinued in the second year.

What's more, if there is a claim in the first year and the product is stopped in the second year, you will not be able to continue to apply for insurance, and you will not be able to buy other health insurance due to changes in your health status! Therefore, the million-dollar medical premium is cheap and not so stable, so it is only suitable as a supplement.

3. **Adjusted with age, cheap is only temporary

In addition to the issue of renewal, on the other hand, the risk of illness increases with age. So the premium of medical insurance increases with age, and the older you are, the higher the premium.

Let's use a chart to systematically distinguish between millions of medical insurance and critical illness insurance:

From the table, we can see that the essence of million medical insurance is a reimbursement type of insurance, although the amount of insurance is very high, but most diseases only need medical expenses below 500,000, and it is meaningless to have too high an insurance amount.

However, the role that critical illness insurance cannot replace is income compensation.

Once you get a serious illness, your income is basically interrupted, but you need money for food, clothing, housing, transportation, children's education, housing and car loans, etc. Medical insurance can only reimburse ** expenses, which cannot be taken into account, which is the role of critical illness insurance. If a critical illness is diagnosed, the critical illness insurance will pay a large sum of money in a lump sum, which can be used freely, both for treatment and recuperation, and for subsidizing the family.

So, don't covet the huge sum insured of millions of medical insurance, in fact, the role of critical illness insurance can be more prominent. Some friends will say that since critical illness insurance is so good, it is good to buy only one critical illness insurance. In fact, this way of thinking is to put the two types of insurance on the opposite side, and the relationship between million medical insurance and critical illness insurance is not to replace each other, but to complement each other.

Once you have a serious illness,Million Medical Insurance reimburses medical expenses, and critical illness insurance is used as a loss of income, which can better relieve the pressure of the family.

Hope it helps! Insurance knowledge integration

(1) The content of the guarantee is different.

Million Medical Insurance covers hospitalization and outpatient and emergency medical expenses, while Critical Illness Insurance only covers critical illness, mild illness and moderate illness as agreed in the contract.

2) Premiums are different.

Million medical insurance is measured at natural rates,** which grow with age. Critical illness insurance is a relatively long-term insurance with a balanced rate and the same premium every year.

3) The payout conditions are different.

Million dollar medical insurance is reimbursement, and the reimbursement will not exceed your total cost as much as you spend. Critical illness insurance is payout-based, with a lump sum payment for the corresponding sum insured.

4) The role is different.

Million Medical Insurance covers the medical expenses of a serious illness. Critical illness insurance can be used for many purposes, not only to cover medical expenses, ** expenses, but also to compensate for loss of income.

Critical illness insurance and million medical insurance are two different types of insurance, which need to be used together, and it is recommended to buy both. I have sorted out the million medical insurance products that are worth buying, and I need to poke: which one is worth buying? The latest list is here.

The differences are as follows:

1. The difference between the term of insurance and the renewal of insurance.

Critical illness insurance is usually a long-term insurance, and you can buy the kind that can cover you for decades, so you generally don't have to worry about whether you can buy it again in the next year.

Most medical insurance products are one-year products with no guarantee of renewal, and there may be risks such as increased premiums, refusal to renew, and discontinuation of products in the second year.

2. The difference in disease: medical insurance is slightly higher.

The types of diseases covered by critical illness insurance will be stipulated in the contract, and the CIRC stipulates that at least 25 types of critical illnesses are covered. These 25 critical illnesses have accounted for about 95% of the claims and morbidity rates. Insurance companies usually add some more diseases, but it is only the icing on the cake.

Medical insurance is indeed not limited to diseases, and only depends on whether the contracted hospitalization or outpatient treatment occurs. From this point of view, it is true that medical insurance is more lenient in terms of disease restrictions.

Insurance is a Chinese word, pinyin is bǎo xiǎn, English is insurance or insuraunce, the original meaning is safe and reliable protection; It is a tool used to plan life finances, a basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.

Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the responsibility of compensating the insurance money for the property loss caused by the occurrence of an accident that may occur as agreed in the contract, or when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.