People who are new parents are thinking about buying insurance for their children. Search for "children's insurance" online, and all kinds of videos/articles are dazzling; "Baby insurance is right to buy like this", "Baby insurance more than 1,000 yuan is a pit"
Parents look at it with relish, thinking that if they exceed this price, they will lose, but if we think about it, there seems to be another problem: if 1,000 yuan is enough, then why are there so many products on the market? Is their existence justified?
Yesterday, a friend sent me this picture, and a soul torture came: Is this plan real?
Less than 1,000 yuan, with comprehensive protection, it is really attractive to watch, if I have no insurance experience, I want to buy it.
These products are real, buy it is no problem!
But after buying, will you think that "this is the best cost-effective, the most suitable for me", "can rest easy", "buy this is enough" If you think so, that is the biggest "pit"! Let's take a closer look at this plan, whether it is good or not!
First of all, let's look at medical treatment, according to medical insurance data statistics, hospitalization fees below 10,000 yuan accounted for 90%, and the "* medical insurance" in the plan has a claim threshold of 10,000 yuan, so 90% of people can't use it.
Of course, the picture says "reimbursement of expenses incurred by serious illness", and this product is worth buying!
But is this product suitable for everyone?
Obviously not, for most parents, we prefer to be reimbursed regardless of major and minor illnesses; Do big with little money, and use limited expenses to obtain better medical resources and medical environment.
So can this "* medical insurance" be satisfied, obviously not. So that's why on the market, there are mid-end medical treatment, high-end medical treatment, although the price is several hundred yuan more expensive, but no matter major or minor illness, hospitalization can be reimbursed, and you can also enjoy better medical services.
Look at major diseases, 530 yuan to guarantee 500,000, how to look at it is cost-effective!
Did you know that you can only stay until you are 30 years old? Some parents will say, "Let the child buy it after the age of 30"!
However, to buy critical illness insurance, you must meet the health requirements of the insurance company! We can't predict what will happen when your child grows up for 30 years, but if for some reason your child can't buy critical illness insurance after the age of 30, will you blame yourself for not thinking about the longer term in the first place?
In addition, 530 yuan for critical illnesses does not include the protection of cancer recurrence and multiple compensation for multiple major diseases!
Simply put, with the advancement of medical standards, many major diseases will become "curable and controllable money-consuming chronic diseases", such as leukemia, which is highly common in children, and the current treatment methods have significant effects. The treatment fee is about 400,000 yuan, and according to this plan, it can be compensated to 500,000 yuan, which can help the family, but the insurance policy is terminated. According to statistics, the recurrence rate of leukemia is about 50%, if it recurs after 5 years, this plan cannot be compensated, if you spend a few hundred yuan more, increase some protection, and relapse will be at least 500,000 more. I guess parents who can afford it must be willing to spend this money!
So how exactly do you configure insurance for your child?!
Basic Essentials 1 - Children's Medical Insurance
Children's health insurance
- It must be done;
- Apply within three months of birth (within 28 days in some areas);
- About 300 yuan/year;
Local policies are different, please call the local street and community for details; Or call 12333 for more information.
Basic Essentials 2 – Accident Insurance
01
Accidental medical expenses – expenses incurred for treatment due to accidental injuries; For example, cat scratches, dog bites, bumps and falls
- Choose accident insurance that includes [Accidental Medical] coverage;
- Choose those that include [reimbursable expenses outside social security],
02
Accidental death – Accidental death resulting in a death, leaving a sum of money to the family
03
Accidental disability - Accidental disability caused by an accident, used for personal treatment, functional recovery, living expenses
The China Banking and Insurance Regulatory Commission stipulates that the risk limit of death under the age of 10 is 200,000, and the risk limit of death for 10-18 years old is 500,000
Basic Essentials 3 – Medical Insurance
01
Million Medical
- Scope of reimbursement: General departments of secondary and above public hospitals
- 10,000 deductible: that is, at least 10,000 out of pocket per year
- Reimbursement of hospitalization expenses, regardless of social security catalogue or disease type
The budget is insufficient, does not require medical examinations, and only pursues the risk of covering large medical expenses.
02
Mid-range medical insurance
- Scope of reimbursement: general department + special needs department of secondary and above public hospitals
- 0 deductible: how much you pay out of pocket and how much you reimburse
- Reimbursement of hospitalization expenses, regardless of social security catalogue or disease type
Budget-oriented, more comfortable and less waiting time
03
High-end medical insurance
- Reimbursement coverage: Public and private hospitals
- 0 deductible: how much you pay out of pocket and how much you reimburse
- Reimbursement of inpatient and outpatient expenses, regardless of the type of hospital, social security directory, or type of disease
Special needs departments such as: Union International Department, International Department of Sixth People's Hospital, Huaxi Jinka Department, etc
The budget is very sufficient, and there is a high pursuit of medical resources and medical experience
Basic Essentials 4 – Critical Illness Insurance
01
Children's critical illness insurance function
- Payment-type insurance: Once the agreed disease is diagnosed, a lump sum payment is made
- Compensate for the loss of income of the parents: When the child is sick, one party must take full care of it
- Solve "expenses that don't appear on invoices": new technologies, cutting-edge drugs, hidden treatment fees, etc
The budget is insufficient, does not require medical examinations, and only pursues the risk of covering large medical expenses.
02
How to buy
- Fixed-term type: 20/30 years of protection, extremely high leverage, small money to do big things, low price to buy high insurance amount
- Lifelong type: one-step, comprehensive in place, multiple compensation, directly solve the child's critical illness protection after adulthood
Recommended sum insured: 3-5 times the annual income of one parent
Combine the budget, reasonable combination of regular and lifetime type. When the insured amount is large and the budget is insufficient, you can choose the term type.
Basic Essentials 5 – Education Grant
01
The role of education funds
- Education funds are not necessarily all used for education, in fact, they include various expenses that children will use in the future
- Compulsory savings: Deposit a little money every year and put it in a dedicated account for rollover.
Before the reserve of education funds, the protection of adults must be comprehensive and sufficient, otherwise there will be problems with the cash flow of adults, and there is no way to talk about education fund reserves.
The middle class or above, education savings must be done, and it is recommended to do it in advance.
Summary: This set of more than 900 plans is good, but only suitable for families with limited annual budgets. The key to evaluating the quality of a plan is whether it is suitable for you!
If you need a broker to tailor a plan for your child? You can contact me.
I'm not an insurance seller, I'm the one who helps you buy the right insurance!
Insurance is no small matter, we'll see you in the next issue.