Introduction to Chinese life insurance varieties

As a long-established insurance company, Chinese Life's insurance products include critical illness insurance, medical insurance, accident insurance, life insurance and so on. If you have friends who want to understand the strength of Chinese Life Insurance Company, then this article should not be missed: How is Chinese Life, what products are there, and is it good?

Next, the senior sister will take the Huixiang Lifetime A 2022 Critical Illness Insurance as an example to see if the quality of this company's products is passable. Without further ado, let's go straight to the picture:

It can be seen that the age range of the 2022 critical illness insurance of Huixiang Lifetime A is more than 28 days old (inclusive) and under 65 years old (inclusive).

1. The payment period is diverse.

The payment period of Huixiang Lifetime A 2022 Critical Illness Insurance is very flexible, in addition to the single payment, this product can also choose 2 3 4 5 10 15 20 years payment, you can choose freely according to the actual economic situation.

If you are a person with less funds and want to reduce the pressure of payment, you can choose a longer payment period as much as possible.

2. The guarantee content is simple.

It can also be seen from the figure that the protection of the Lifetime Type A 2022 Critical Illness Insurance only includes critical illness benefit and death benefit, and the protection responsibility is relatively simple.

However, in the critical illness insurance market, most products have complete basic protection, that is, mild, moderate and critical illnesses are all covered. In this way, even if the insured unfortunately suffers from a more serious illness but does not reach the level of critical illness, there is still a chance to get a claim.

In contrast, the coverage of Benefit Lifetime Type A 2022 Critical Illness Insurance is too small, and there is still room for further improvement.

The current types of insurance sold by Chinese Life include critical illness insurance, medical insurance and accident insurance that most of us have to buy, as well as whole life insurance, annuity insurance and other types of insurance suitable for financial management, and the types of insurance involved are still relatively wide. Chinese Life itself is a very good insurance company, according to the latest solvency data, China Life's core solvency adequacy ratio in the third quarter of 2022 is a comprehensive solvency adequacy ratio, and the comprehensive risk rating results in the first two quarters of the year are AAA. These figures are not only up to standard, but also among the best insurance companies in the mainland.

Friends who are interested in Chinese Life and its products can take a look at this article first:How is Chinese life, what products are there, and is it good?

Senior sister will give you an example to talk about the product performance of China Life. China Life Jiayou Lifetime Critical Illness Insurance is a critical illness insurance product with multiple claims for critical illness, and the protection content is relatively rich, including critical illness insurance, the first type of specific disease insurance, the second type of specific disease insurance, the first critical illness additional insurance benefit, the children's specific critical illness insurance benefit, the second "malignant tumor-severe" insurance benefit, the critical illness waiver insurance premium and death insurance benefit. However, this critical illness insurance is insufficient in terms of the coverage of mild to moderate illness corresponding to high-incidence critical illness, and a good critical illness insurance should not only cover the protection of mild to moderate illness corresponding to high-incidence critical illness, but also the proportion of mild to moderate illness protection should reach 30% and 60% of the basic sum assured.

If you are an insurance novice, then you must not miss this knowledge collection before applying for insurance:Before buying insurance, you must first understand these key knowledge points!

In addition to critical illness insurance, million medical insurance and accident insurance are also insurance products that we should equip. Million medical insurance mainly solves the problem of reimbursement of part of the expenses that are not reimbursed by social medical insurance, while accident insurance needs to focus on whether the coverage covers accidental medical treatment and sudden death protection. If you want to apply for financial insurance, you must first confirm that you have fully configured the protection insurance before considering financial management.

If you are not sure what type of insurance you should buy, let's take a look at the insurance advice customized for you by the senior sister:With so many types of insurance, which one should I buy first? Hope.

The insurance products under the Chinese Life Insurance Company include critical illness insurance, medical insurance, accident insurance, life insurance, annuity insurance and so on. There are many types of insurance, and the content of each insurance protection and the suitable group of people are different, so we should be clear about what our protection needs are before buying and choose the right insurance for ourselves.

So how should we configure insurance? Depending on the age, the scheme that needs to be configured is different, please see this article for details:How to buy insurance for different age groups?

Everyone should have their own plan

Under the condition that we can cover our own protection needs, the purchase of Chinese life insurance is reliable and can be purchased with confidence. Senior sister has also evaluated the insurance company Chinese Life before, and if you want to know more about this insurance company, you can take a look:How is Chinese life, what products are there, and is it good?

So, with so many types of insurance, what is the focus of each coverage? Then let's talk about the role and coverage of common critical illness insurance, medical insurance, accident insurance and life insurance.

As the name suggests, critical illness insurance covers critical illness, and when you unfortunately suffer from a critical illness and meet the requirements of the insurance contract, you can get compensation. The insurance benefits paid by critical illness insurance can transfer the financial risk caused by critical illness.

Medical insurance can reimburse the reasonable expenses incurred in seeing a doctor, reducing our expenses incurred by seeing a doctor.

Accident insurance can transfer the financial risk of an accident. When we encounter an accident and meet the provisions of the insurance contract, we can get a claim.

Life insurance is different from the above three types of insurance, life insurance actually protects the insured's family, when the insured unfortunately dies and meets the provisions of the insurance contract, the beneficiary will receive an insurance payment, which can be used to solve family living expenses, and even to repay debts, so it is very suitable for family financial support.

If you are not sure what the difference is between the above insurance, continue to look here:What is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance? Will there be a conflict when making a claim? Hope.

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1.Financial insurance. Such as China Life Xinyu Mantang Annuity Insurance (dividend), China Life Wealth Heirloom Whole Life Insurance (dividend), China Life Xinxiang Jinsheng Annuity Insurance (paragraph B), etc.

2.Pension insurance. For example, China Life personal tax deferred pension insurance (2018 version) and so on.

3.Health insurance. For example, China Life Corning Whole Life Critical Illness Insurance (2019 Edition) Insurance Product Portfolio, China Life Furui Ankang Insurance Product Portfolio (Premium Edition), etc.

4.Children's insurance. Such as China Life Xinyu Children's Annuity Insurance (Dividend), Children's China Life Welfare (Ultimate Edition) Insurance Product Portfolio, Children's China Life Welfare (Supreme Edition) Insurance Product Portfolio, etc.

5.Term life insurance. Such as China Life Xiangtai Term Life Insurance, etc.

6.Whole life insurance. Such as China Life Shengshi heirloom whole life insurance, etc.