Benefits of Critical Illness Insurance and Million Dollar Medical Insurance

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.

Million medical insurance is a reimbursement type of medical insurance, with the invoice of hospitalization medical expenses according to the scope of the insurance contract for reimbursement, the current million medical insurance protection responsibility is wide, the amount of insurance is high, the premium is low; After reimbursement of medical insurance, the compensation ratio can reach 100%, which can cover self-financed drugs, imported drugs, etc., which effectively supplements the lack of medical insurance reimbursement.

Critical illness insurance is a benefit-type insurance, which is based on the physical health of the insured, when the insured reaches the specific critical illness or disease severity agreed in the insurance terms or performs the agreed surgery, the critical illness claim is paid according to the insured amount of illness insurance, which protects the insured's critical illness ** and ** expenses, supplements the loss caused by illness and cannot work, and reduces the impact on family life.

The two types of insurance can complement each other, and the million medical insurance can solve the cost of hospitalization after the insured's critical illness, reduce the economic pressure, and effectively supplement the lack of medical insurance, so that the insured can get better medical expenses and solve the worries of medical expenses. Critical illness insurance claims can be used as the insured's later expenses, nutrition expenses, and living expenses when the insured needs to suspend work due to critical illness and cannot obtain income, so that the insured can rest and recuperate with more peace of mind and recover his health as soon as possible. Critical illness not only has a large cost, but also has a greater impact on physical health, which usually requires a longer period of time and better nutritional supplements, and the claims of critical illness insurance can meet the needs of critical illness expenses.

Critical illness insurance and medical insurance are both essential insurance products in life.

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Critical illness insurance and million medical insurance are both health insurance, the two types of insurance can complement each other, if the economic conditions allow, if the configuration together, the advantage is that the protection of personal health is more comprehensive, can effectively reduce the financial burden when sick. This article introduces the role and difference of the two types of insurance in detail, you can click to view it and learn more about it: after reading these contents of medical insurance, you will know why you should buy critical illness insurance.

Million medical insurance is usually a reimbursement type insurance, mainly for the reimbursement of reasonable medical expenses incurred when sick and hospitalized, generally how much reasonable medical expenses are spent, million medical insurance will be reimbursed according to the agreed reimbursement ratio of medical expenses.

Critical illness insurance is generally a payment type of insurance, diagnosed with the disease specified in the contract, as long as it meets the claim requirements, you can get the insurance money, this money can be used at will, can be used to make up for the economic loss caused by the illness, as well as for the patient's later expenses, etc., it can be seen that critical illness insurance can more effectively solve the problem of economic loss caused by illness. If you want to apply for critical illness insurance, then don't miss this list of excellent critical illness insurance: Top 10 popular critical illness insurance points worth buying!

If the economic budget is sufficient, in addition to the configuration of critical illness insurance and million medical insurance, for adults, they also need to have life insurance and accident insurance.

Life insurance is to provide death or total disability protection, the main role is to transfer the financial risk caused to the family due to the death or total disability of the family's breadwinner, suitable for adults who have to bear the financial responsibility of the family.

Accident insurance can pay compensation when the insured suffers accidental injury and disability, mainly providing protection for accidental death, accidental disability, and accidental medical treatment.

The functions of these four types of insurance are different, and you don't have to worry about conflicts when making claims, on the contrary, personal protection is more comprehensive. This article also introduces the functions of these four types of insurance in detail, if you still don't understand anything, you can click to view and understand: What is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance?

Will there be a conflict when making a claim?

Summary. Hello, Million Medical Insurance is even more important. 1.

Because the million medical insurance covers all diseases, no matter what disease you suffer, as long as the cost exceeds the deductible, the insurance company can reimburse it. 2.In critical illness insurance, the insurance company can only make a claim if the insured suffers from a specific critical illness as agreed in the contract, and if the insured suffers from a disease that is not agreed in the contract, the claim will not be made, and the scope of protection is narrower.

Hello, Million Medical Insurance is even more important. 1.Because the medical insurance is to cover all diseases, no matter what disease you suffer, as long as the cost exceeds the deductible, the insurance company can reimburse you.

2.The insurance company can only make a claim if the insured suffers from a specific critical illness as agreed in the contract, and if he suffers from a disease that is not agreed in the contract, the claim will not be made, and the scope of protection is narrower.

If only returning to the mold is to hope for a delay and be able to have a disease protection, then the million-dollar medical hardship treatment insurance is more practical than the major illness insurance. No matter what kind of disease, as long as the medical expenses incurred exceed the deductible of the insurance company, millions of medical insurance can be reimbursed, and the maximum reimbursement amount reaches 1 million yuan, while critical illness insurance only protects dozens of major diseases.

Critical illness insurance is compensation for loss of income, while medical insurance is compensation for medical expenses. There is no absolute who is good and who is not good, the launch of an insurance product is also filed with the China Banking and Insurance Regulatory Commission, each product has its own unique characteristics, and it is not possible to one-sidedly evaluate who is more important. Insurance is just a tool, and different insurance solves different problems.

There is no comparison between critical illness insurance and million medical insurance, because the two are different in terms of coverage, time, and payout. For the protection of critical illness insurance, it is to cover the disease, that is, if there is a covered disease, the insurance company will reimburse it according to the proportion; The million medical insurance is a medical expense protection, that is, no matter what the hospitalization is, as long as it meets the medical expense reimbursement content, it can also be reimbursed for cancer. Whether it is to buy critical illness insurance or million medical insurance, although the protection responsibilities of the two are different, the protection is good.

Extended Information:1Critical illness insurance (critical illness insurance) refers to the commercial insurance behavior handled by the insurance company to cover specific critical illnesses such as malignant tumors, myocardial infarction, cerebral hemorrhage, etc., and when the insured suffers from the above-mentioned diseases, the insurance company will provide appropriate compensation for the medical expenses spent.

Applicable to critical illness insurance for adults (over 18 years of age). There has been a long history of controversy over critical illness insurance. At the end of 2005, an email titled "Don't buy critical illness insurance in China" was widely circulated on the Internet, triggering a critical illness insurance in the insurance industry.

Controversy and doubts are a good thing for the development of the industry and the improvement of insurance types, and the revision and improvement of critical illness insurance are in full swing.

2.Million medical insurance, as the name suggests, is a medical insurance product with an insurance amount of 1 million, which can generally cover general medical treatment or critical illness medical expenses, etc., with deductibles, mostly 5,000 yuan or 10,000 yuan, but the premium is cheap, simply put, you can get high insurance coverage with a lower premium. Million medical insurance is a medical insurance product that pays for one year and one year, and there is no million medical insurance that can be guaranteed for a long time.

For example, the health notice of a million medical insurance will ask whether the insured has abnormal health examination results or long-term medication in the past year, and whether he has been hospitalized or is being hospitalized in the past two years.

Million Medical Insurance.

1. **Different: Critical illness insurance pays tens of thousands of dollars a year, protects tens of thousands to hundreds of thousands, and the premium is constant, and the sum insured is the money that can be obtained. Million medical insurance** is cheap, with an annual payment of two or three hundred to one or two thousand.

Covers millions,** varies with age, is consumption-based, and the sum insured is the maximum reimbursement limit.

2. The scope of protection is different: critical illness insurance has disease restrictions, only covering the diseases agreed in the contract, and million medical insurance has no disease restrictions, only related to hospitalization medical expenses.

3. Different payment methods: Critical illness insurance is payout-type. In line with the contract, the agreed amount of one-time compensation for diseases agreed in the contract, buy more and pay more, medical insurance is reimbursement, and medical invoices are reimbursed.

It is compensatory and cannot be reimbursed repeatedly, that is to say, no matter how much you buy, you can only report the money on the medical invoice, and you can't overreport it.

The premiums of million-dollar medical insurance are relatively cheap, generally ranging from a few hundred to thousands of dollars.

The premium of critical illness insurance is relatively expensive, one or two thousand cheaper, and tens of thousands of more expensive.

The above are a few of the differences between medical insurance and critical illness insurance, and then we can decide which one to buy according to our needs and budget.

If our budget is limited, then we can first configure a million medical insurance to get serious illness protection, a few hundred yuan per year, the pressure is not very great, but the protection cannot cover the loss of income and living expenses.

If the budget is okay, you can configure a critical illness insurance, if you unfortunately suffer from the agreed critical illness, we can get a free amount of money to make up for all aspects of economic losses.

If the budget is sufficient, then the million medical insurance and critical illness insurance can be combined at the same time to provide more comprehensive protection.

2) Claim Method.

Million Medical is a reimbursement type insurance, how much medical expenses are generated, the deductible will be deducted after the social security settlement, and finally reimbursed according to the proportion agreed in the contract. That is, how much you spend, how much you reimburse.

Critical illness insurance is a payment insurance, as long as the disease agreed in the contract is diagnosed, and the claim requirements are met, the insurance company will pay the insurance money in a lump sum, and the use of this money is up to you, which can be the expenses during the **period, or the compensation for economic losses during the **period, etc.

3) Duration of Coverage.

Million Medical is generally a one-year product, that is, pay one year for one year, if there is no agreement to guarantee the renewal time, the second year should consider whether to renew the insurance.

However, during this period of time, the guaranteed renewal of millions of medical insurance has been continuously launched, and the longest guaranteed renewal time is Ping An e-life insurance long-term medical insurance, which is guaranteed to be renewed for 20 years. 》

The biggest advantage of Million Medical is that you don't have to worry about renewal during the renewal period.

Critical illness insurance can be divided into one-year, term and whole life critical illness insurance according to the coverage period.

One-year critical illness insurance covers one year, term critical illness insurance generally covers 20 to 30 years or up to the age of 70, etc., and whole life critical illness insurance is guaranteed for life.

The above is the analysis of the difference between critical illness insurance and million medical care, and then Daddy will list two representative products to show you what the protection content of these two types of insurance products are.

The above is the analysis of the difference between critical illness insurance and million medical care, and then Daddy will list two representative products to show you what the protection content of these two types of insurance products are.

There is no unified conclusion on the question of who is important, critical illness insurance or million medical insurance, and it should be analyzed on a case-by-case basis. The differences between the two are as follows:

1. Different types of protection: critical illness insurance is mainly to protect the agreed diseases, and the insurance money agreed in the insurance contract can be paid after diagnosis, which is a compensation type; Million medical insurance is mainly to reimburse medical expenses within the limit, and only reimburse the medical expenses that are reasonably necessary, which is a reimbursement insurance product.

If you have a limited budget, you can buy million-dollar medical insurance first, and then purchase critical illness insurance when conditions allow.

If conditions permit, it is best to buy both insurances, the roles of the two do not conflict, they complement each other.

For more details, you can see here to understand: "The difference between million medical insurance and critical illness insurance, which one should I buy?" 》

Critical illness insurance is a benefit-type insurance, that is, after the accident, you will directly receive a sum of insurance compensation, and it is not directly aimed at the medical expenses of ** disease. Instead, it includes expenses such as **, the patient's follow-up living expenses and **medical expenses.

Million Medical Insurance mainly reimburses the medical expenses incurred by the insured due to illness**, following the principle of reimbursement compensation, reimbursing how much is spent, even if you buy multiple copies, it does not exceed the actual reimbursement expenses.

In this way, the focus of million medical insurance and critical illness insurance is different, and they are two types of insurance that complement each other, covering the two stages of critical illness and critical illness respectively. Therefore, the two are complementary and closely related to each other.