In other words, the children's critical illness insurance market is really very volatile, and several popular products are very cost-effective, and the protection content is explosive one by one!
No, the Bumblebee series of critical illness insurance IP has ushered in a new upgrade, Bumblebee No. 9 upgraded to Bumblebee No. 10 (all-round version), the protection content has made a new breakthrough, not only the number of claims for specific diseases in children has been upgraded from one to many times, but also the cancer medical allowance has been upgraded to unlimited claims, which is a very rare responsibility in the market! The point is that the price of this product is very advantageous in several popular products of the same kind! If this is the case, the cost performance of Bumblebee No. 10 (all-round version) is very good.
Many friends expressed interest in Hornet 10 (all-round version). Today, I will give you a detailed evaluation to see if the Hornet 10 (all-round version) is really so good.
The main contents of this article are:
Detailed evaluation of Bumblebee No. 10 Children's Critical Illness Insurance (All-round Version) Insurance Liability
How cost-effective is Bumblebee 10 (all-round version)?
Write at the end
1. Detailed evaluation of the insurance liability of Bumblebee No. 10 Children's Critical Illness Insurance (All-round Version).
Bumblebee No. 10 (all-round version) and Bumblebee No. 9 are from the same source, both of which are underwritten by Beijing Life. Here's what it covers.
The insurance requirements of Hornet No. 10 (all-round version) are basically the same as those of No. 9, and you can see the table for details, which is not detailed here.
The content of the insurance is quite rich, there are mandatory and optional responsibilities, a total of 11 items.
1. Mandatory responsibility
The basic liability insurance is very comprehensive, including mild, medium and severe diseases, children's special diseases, rare diseases, and new malignant tumors-severe expansion benefits and leukemia bone marrow transplant insurance benefits.
Serious illness:
There are 125 kinds of insurance, 4 times without grouping, and a one-time payment will be made for the diagnosis of a critical illness that meets the terms, with 100% of the basic sum insured for the first time, and 120%/120%/150% of the basic sum insured for the second, third and fourth times respectively, with an interval of 1 year each time, and no interval if it is a critical illness caused by an accident. Critical illness protection is sufficient.
Mild and moderate symptoms:
The two are shared 6 times, no grouping and no interval, and each time 30%/60% of the basic sum assured is paid.
90 days after the latest critical illness claim, if the claim for moderate to moderate illness is less than 6 times, the claim for mild to moderate illness in the same group can continue to be paid.
The terms of the mild to moderate illness benefit are very good.
Child-specific diseases:
If the first child is diagnosed with a special illness, an additional 60% of the basic sum assured will be paid in the first year of the policy, an additional 120% of the basic sum assured will be paid in the second year of diagnosis, and an additional 150% of the basic sum assured will be paid in the third year of the policy and thereafter.
With the addition of critical illness insurance, the maximum compensation for children's special illness is 250%!
In addition, the general product of children's special diseases is only insured 1 time, but this product can be insured 4 times!
For the second, third and fourth diagnoses of pediatric special diseases (severe diseases in line with the contract), an additional 100% of the basic sum insured will be paid.
(Only 1 time will be paid for the same special disease).
There are 20 types of specific diseases for children, including leukemia, brain malignant tumors, lymphoma, severe hand, foot and mouth disease and other high-incidence critical illnesses in children, as well as severe aplastic anemia, severe myocarditis and other high-incidence critical diseases, and the maximum coverage period is lifelong. Compared with general products, children's special diseases are only insured until the age of 18 or 25, and the terms of children's special diseases of this product are excellent in terms of disease, coverage period and compensation ratio!
Rare Diseases in Children:
As with children's special diseases, up to 4 times can be paid (1 time for the same rare disease)
For the first diagnosis of a rare disease in children, an additional 100% of the basic sum assured will be paid in the first year of the policy, an additional 200% of the basic sum assured will be paid in the second year, and an additional 220% of the basic sum assured will be paid in the third year of the policy and beyond.
With the addition of critical illness insurance benefits, children's rare diseases can be claimed up to 320% of the basic sum insured!
For the second, third and fourth rare disease diagnoses, an additional 100% of the basic sum assured will be paid.
In short, the compensation ratio for children's special diseases and rare diseases is higher than that of general products, and the protection is stronger.
Malignancy - severe extension gold:
This is an additional liability:
Carcinoma-in-situ or malignant tumor - mild diagnosis and minor illness insurance benefit is paid, if the first diagnosis of critical illness is malignant tumor - severe, an additional 50% of the basic sum assured will be paid.
If you have mild cancer, you will waive the unpaid premium after the claim, and if you get severe cancer later, you can pay 50% more!
It is also a high-quality clause to enhance cancer protection.
Leukemia Bone Marrow Transplant Benefits:
Leukemia is the most common type of childhood cancer. In the past, leukemia was really "talking about cancer discoloration", but now the cure rate of leukemia is much higher, and acute lymphoblastic leukemia is common, with a 5-year survival rate of up to 90%. However, the cost of treatment is also very high, and it takes hundreds of thousands, and if you want to do a bone marrow transplant, the cost is about 600,000+. (The above data comes from the "National Health Education Reader for Preventing Critical Diseases" released by the Chinese Association of Actuaries in 2020)
It has been reported that 62.6% of children who need bone marrow transplantation forgo surgery because they cannot afford the high cost. (Survey Report on the Survival Status of Poor Leukemia Children in China)
Back to this responsibility:
Leukemia bone marrow transplant before the age of 18 is paid, with an additional 50% of the basic sum insured.
Then, if you are diagnosed with leukemia, you can pay the critical illness insurance + the additional insurance for children's special diseases, and you can get another 50% of the compensation after bone marrow transplantation!
The above is the basic responsibility of this product, to sum up, critical illness, children's special disease/rare disease, cancer is stronger, more compensation!
2. Optional Liability
Includes Malignant Tumor - Severe Medical Allowance, Sickness Care Benefit, Death & High Disability Benefit, and Insured Waiver. Let's focus on the first two.
Malignant Neoplasm - Severe Medical Allowance:
It is also a protection for cancer, and it can be said that the protection of Bumblebee 10 (all-round version) for cancer is really sufficient:
If the first diagnosis of malignant tumor is made, 40%/50%/30% of the basic sum assured will be paid if the insured is still in the state of malignant tumor every 1 year.
If the first non-malignant tumor is diagnosed with a malignant tumor after an interval of 180 days, 40% of the basic sum assured will be paid, and 50%/30% of the basic sum assured will be paid for every 1 year after which the malignant tumor is still in the state of malignant tumor.
In simple terms, from cancer to cancer, the interval is 1 year, and from non-cancer to cancer, the interval is 180 days!
The interval is short, and the loss is faster than the average product!
After every 3 years, if you are still in the state of malignant tumor, 50% of the basic sum insured will be paid, and there is no limit to the number of times.
The above malignant tumor status, including new/recurrent/continuous treatment/metastasis/spread, then in the future, if you are diagnosed with cancer (such as lung cancer, stomach cancer, etc., which is a high incidence in adults), you can continue to receive compensation!
In addition, if you choose this responsibility, 180 days after the latest 1 critical illness (no compensation for malignant tumor - severe) is paid, and malignant tumor - severe new onset can be paid on top of the critical illness insurance benefit, additional insurance benefit for specific diseases, and malignant tumor - severe medical allowance, with a maximum compensation of 340% of the basic sum insured!
Unlimited claims for cancer, and can also be combined with other liabilities, with a higher payout ratio!
In a word: this responsibility must be added if it is conditional!
Sickness Care Payment:
The 30-year version covers the first 10 years, the warranty until the age of 70 / the lifetime version until the age of 60, and the first diagnosis of critical illness/moderate disease/mild illness will pay an additional 80%/30%/10% of the basic sum assured!
There are no additional requirements, and you can get additional benefits for a diagnosis of an eligible illness up to the age of 60!
This kind of clause to increase the payout ratio must also be added if there are conditions!
To sum up the optional liability, that is, more compensation for cancer and more compensation for critical illness!
2. How cost-effective is Bumblebee No. 10 (all-round version)?
Liability is really great!
Insurance basic liability + malignant tumor - severe medical allowance, the basic insurance amount is 500,000 yuan, pay 30 years for life, 2490 yuan for male treasures, and 2420 yuan for women!
The premium is lower than the popular Qing*Wei, Xiao*Qi, and Xiao*Long!
And you can choose to pay in 35 years, so the pressure of paying the annual premium is lower!
The average monthly is less than 208 yuan, and the maximum compensation for children's special diseases is 4 times, and the maximum compensation is 250%, and the cancer can be paid for unlimited times!
3. Write at the end
This article mainly evaluates the insurance liability of Beijing Life Bumblebee No. 10 Children's Critical Illness Insurance (All-round Version) in detail:
Critical illness can be paid up to 4 times, and after the critical illness is paid, the insurance will continue to be insured for mild and moderate illnesses that are not in the same group!
Children's special diseases/rare diseases can be paid up to 4 times, and the compensation ratio is very high;
New cancer expansion fund, leukemia bone marrow transplant insurance benefit, and unlimited cancer compensation can be added;
The Sickness Care Benefit - Critical Illness Reimbursement Ratio is also up to an additional 80% of the Basic Sum Assured~
All these show that the focus of Bumblebee No. 10 (all-round version) is to strengthen the protection of high-incidence diseases - cancer, and increase the compensation ratio of high-incidence diseases!
Compared with so many popular children's critical illness insurance in the market, it can only be said that the protection and price of Bumblebee No. 10 (all-round version) are very good, and it is a leader in the market.