Sycamore Insurance Brokers recently launched Versailles PLUS Critical Illness Insurance (Internet exclusive), is a major illness insurance product underwritten by Tongfang Global Life Insurance Company, Which is a Sino-foreign joint venture with more than 240 years of insurance service experience, and there are many supporters in the market.
As a product of a large company, Versailles PLUS not only guarantees excellent content and affordable price, but also has a particularly loose underwriting scale, and there is a very "material" soul under the interesting name! Next, let's take a specific look at the protection content of Versailles No. 1:
The basic form of the product
Critical Illness Coverage
Versailles PLUS' critical illness benefits have two highlights:
1. Before the age of 60, the first diagnosis of additional compensation of 80% of the basic sum insured, if you buy 500,000, you can lose 900,000 before the age of 60, which is absolutely amazing!
Before the age of 60 is a critical period in life, when the family responsibilities on the body are heavier, Versailles PLUS has the opportunity to lose an additional 80% of the basic sum insured, looking at the entire market, it is also a very dazzling existence.
2, 60 (inclusive) - under 65 years old, confirmed can lose 130% of the basic sum insured, that is to say, buy 500,000, up to 650,000 can lose, really good.
Delaying retirement is almost a foregone conclusion, and in the future, after the age of 60, we may continue to shine in the workplace, or the family's labor force, so it also needs strong protection, versailles PLUS will extend the additional compensation for serious illness to 65 years old, which is very beneficial for us.
And most of the products on the market are currently extra compensation before the age of 60, like Versailles PLUS, 60-65 years old can also lose extra compensation, not many, it can be seen that it is really very Versailles!
Mild to moderate illness coverage
Versailles PLUS's Mild and Moderate Illness Benefit is very flexible, it can be paid a total of 5 times, and there is no limit on how to pay, such as 3 times of mild illness + 2 times of moderate illness, or 1 time of mild illness + 4 times of moderate illness, or even 5 times of mild illness, or 5 times of moderate illness.
None of us can predict what the future will be, so Versailles PLUS has fewer constraints and more humane than the mild/moderate illness limit of the same type of product, which increases the likelihood of claims.
Its mild/moderate illness protection is also remarkable: a total of 25 medium symptoms are covered, with 50% of the basic sum insured each time, and 40 mild diseases are covered, and 30% of the basic sum insured is paid each time.
For the 28 major diseases corresponding to the high incidence of mild/moderate diseases, Versailles PLUS performed well, all of which were covered, and there were also many diseases that belonged to the medium disease, which meant that more claims could be paid.
And it is worth mentioning that if before the age of 60, the first diagnosis of mild/moderate symptoms agreed in the contract can also be compensated with an additional 15% of the basic sum insured. That is to say, before the age of 60, the maximum compensation for the first mild illness is 45% of the basic sum insured, or the maximum compensation for the first moderate illness is 75% of the basic sum insured, which is really very good.
Cancer pays 3 times
Cancer has always been the "number one killer" of human beings, and cancer has always been at the top of the list in the claim data of major insurance companies.
Versailles PLUS directly upgrades the cancer protection to 3 times, the payment ratio is as high as 380%, if you buy 500,000 sum insured, you can lose up to 1.9 million, this design is really very intimate!
Let's look at a piece of data:
This is a real thing released by the China Anti-Cancer Association, some people have been fighting cancer for 22 years, 30 years, and some people have cancer 3 times in 30 years, which shows that cancer is a protracted battle, and getting cancer several times is not a thing. Therefore, cancer can be paid multiple times, the stronger the role, which is also one of the advantages of Versailles PLUS.
Underwriting is loose
In addition to the excellent protection of Versailles PLUS, there is also a very powerful point, that is, the underwriting policy is very relaxed.
*The specific circumstances are subject to the final underwriting conclusion of the insurance company
It can be seen that many diseases such as epilepsy, myasthenia gravis, and large three yangs that are easy to be denied insurance have the opportunity to be insured, covered or excluded in Versailles PLUS.
In addition, the health information of Versailles PLUS is very friendly, and it does not involve women's fertility and specific diseases, which means that even if there are some minor gynecological problems, they have the opportunity to be insured. Especially for women who are pregnant or post-pregnant, there are more opportunities to configure a full range of protection!
The child's health information is relaxed
The vast majority of major illness insurance is "not allowed to be insured for children who weigh less than 2.5 kg at birth and whose gestational age is less than 37 weeks". But Versailles PLUS expanded this range so that children who "weigh more than 2.0 kilograms at birth and have a gestation span of more than 35 weeks" can also be guaranteed. So if the baby is low-weight or premature, then Versailles PLUS is the best choice.
There is no BMI limit
General critical illness insurance will have BMI restrictions, after all, people with substandard BMI are in worse health. Versailles PLUS did not inquire about the BMI in the health notice, if it meets the health notification requirements, even if the BMI exceeds the standard, it can be insured normally and obtain protection.
Tongfang Global Life Insurance Co., Ltd. is formed by the Dutch Global Life Insurance Group (Aegon) and Tongfang Co., Ltd. (THTF) each with a registered capital of 2.4 billion yuan, the company officially obtained a business license in May 2003 to carry out life insurance business in China, the company is headquartered in Shanghai.
Many small partners are more concerned about the strength and stability of insurance companies, to see how strong an insurance company is, we need to pay attention to its solvency. The CBIRC stipulates the solvency of insurance companies, and only those who meet the following criteria can be considered compliant:
Core solvency adequacy ratio≥50%
Consolidated solvency adequacy ratio≥ 100%
Tongfang Global Life's core solvency adequacy ratio for the first quarter of 2021: 214% and the comprehensive solvency adequacy ratio: 225%, both of which meet regulatory requirements.
In addition, Tongfang Global Life's comprehensive risk rating in the second quarter of 2020 was A, which was better than the minimum requirement B of the CBIRC. It can be seen that the overall strength of the company is still very strong and worthy of our trust.
Summary
Overall, Versailles PLUS has too many highlights:
1. Before the age of 60, the maximum compensation for serious illness is 180% of the basic sum insured, and the protection of the critical period of life is strengthened
2. 60 (inclusive) - 65 years old, the maximum compensation for serious illness is 130% of the basic sum insured, which extends the additional payment time
3. Mild/moderate high incidence coverage is comprehensive, with a maximum of 5 times of compensation and free combination
4. 3 times of cancer compensation, strengthen the protection of high-incidence serious diseases (optional)
5. The underwriting is loose and very friendly to non-standard people
Write at the end
Versailles PLUS has a high proportion of additional benefits for serious illness, a long protection time, a high incidence of mild and moderate illness, additional benefits, comprehensive cancer protection, and a large number of payments. Health advice is relaxed, very friendly to non-standard people, and the price is affordable, the insurance threshold is low, and it is indeed a very "Versailles" serious illness insurance product!