Ruihua Health Insurance has launched a new lifelong care insurance, Yiyue Worry-Free (Collector's Edition), which is favored by consumers due to its long-term IRR of 2.97%.
In recent years, due to the increasing number of disabled people, people have begun to worry about the problem of disability in old age, and they have also paid more attention to long-term care insurance that can provide financial compensation for disability.
So how is Ruihua Yiyue Worry-free Lifetime Care Insurance (Collector's Edition) protected? What are the advantages? Today, let's analyze whether this product is worth choosing.
The main contents of this article are as follows:
What does Ruihua Yiyue Worry-Free Lifetime Care Insurance (Collector's Edition) cover?
What are the advantages of Ruihua Yiyue Lifetime Care Insurance (Collector's Edition)?
Write at the end
1. What does Ruihua Yiyue Lifetime Care Insurance (Collector's Edition) cover?
Underwritten by Ruihua Health Insurance Company, Yiyue Worry-Free Lifetime Care Insurance (Collector's Edition) is a product that provides lifelong care protection and death benefit due to illness, and is suitable for people aged 28 days to 65 years old.
The main protection content is nursing care insurance and illness death insurance, but only one of the two is compensated.
Nursing care benefit: refers to the loss of daily living ability of the insured due to accidental injury or non-accidental reasons after the waiting period and continues until the end of the observation period (if the insured is under the age of 6 at the end of the observation period, it must continue until the date when the insured reaches the age of 6), and the nursing care insurance benefit shall be paid in a lump sum.
How is the loss of the ability to live in daily life, how long is the observation period, and how is the compensation paid?
There are six basic daily living skills, which are dressing, moving, moving, toileting, eating, and bathing.
The loss of daily living capacity stipulated in this contract refers to the loss of the ability of the insured to independently perform three or more of the six basic daily living activities as determined by an appraisal agency recognized by the insurance company (not applicable to 0-3 years old).
The observation period is 90 days, which is the 90-day period from the date of diagnosis of the eligible loss of ability to perform daily living. Compared with other products, which have an observation period of 180 days, this product has a shorter observation period and faster payouts.
It is related to the premium, cash value, and effective sum insured of this product, as shown in the chart description and the following cases.
Death of Illness Benefit: It refers to the death of illness due to illness, and the death benefit of illness is paid in a lump sum, whichever is greater, according to the premium paid and the cash value.
In addition, this product supports cash value reduction and policy loans, and the use of funds is more flexible.
2. What are the advantages of Ruihua Yiyue Lifetime Care Insurance (Collector's Edition)?
1. The policy benefits are sufficient, and the long-term IRR is as high as 2.97%
Policy benefits are the focus of everyone's attention, and we illustrate them with examples.
Apply for Yiyue Worry-free Lifetime Care Insurance (Collector's Edition) for a 0-year-old male treasure, with an annual payment of 100,000 yuan for 5 years and a total premium of 500,000 yuan
In the 5th policy year, the cash value begins to exceed the premium, reaching 500,000+;
In the 29th policy year, the cash value reached $1,025,000 and the premium was doubled;
In the 55th policy year, the cash value is about 2.272 million, 4.5 times the premium, and the IRR reaches 2.9%;
By the 79th policy year, the cash value is as high as 4.748 million, 9 times the premium, and the IRR is also as high as 2.97%!
The data shows that the policy benefits of this product are very good, and the long-term IRR can reach up to 2.97%, which is a stable market leader!
2. The value-added rate is fast, and the cash value exceeds the premium in 4 years at the earliest
The value-added speed of this product is very fast, taking a 30-year-old man with an annual payment of 100,000 yuan as an example, a single payment and a 3-year payment only need 4 years The current price exceeds the premium, and the value-added rate is very fast. 5 years is the 5th year, 10 years is the 9th year, 15 years is the 12th year, and 20 years is the 14th year.
For example, a 0-year-old male treasure is insured, with an annual payment of 100,000 for 20 years, with a total premium of 2 million, and after the cash value exceeds the premium in the 14th policy year, the cash value has reached more than 2.56 million by the expiration of the payment period in the 20th year, with an increase of 560,000+, and the increase in value is very fast.
3. Abundant protection, both disability and death
During the term of the contract, the insured person has a lifelong nursing benefit and a death benefit due to illness, and can pay money for disability and death due to illness (only one of the two will be paid).
Taking a 35-year-old man as an example, the annual payment is 200,000 yuan for 3 years, the cumulative premium is 600,000 yuan, and the basic insurance amount is 569,200 yuan.
After the policy is in force and the waiting period has expired, the insured will be 36 years old, with a nursing benefit of 320,000 yuan, which is 1.6 times of the premium paid, and a death benefit of 200,000 yuan.
The insured is 38 years old, and after the expiration of the payment period, he has 960,000 yuan of nursing care benefit and 600,000 yuan of death benefit due to illness.
65-year-old nursing benefit of 1.346 million, illness death benefit of 1.346 million, 2.7 times of the premium;
80-year-old nursing allowance of 2.118 million, disease death benefit of 2.118 million, more than 4 times the premium;
The 95-year-old nursing benefit is 3.301 million yuan, and the death benefit for illness is 3.301 million yuan, which is 6.6 times the premium.
(Among them, only one of the nursing care benefits and the death benefit of illness will be compensated)
The product protection is abundant, and the disability that meets the terms can be compensated, and the death due to illness can also be compensated, which is both offensive and defensive.
4. The use of funds is flexible, which is suitable for education and pension planning
This product supports policy reduction, policy loans, and when you are in good physical condition, you can reduce your insurance to support your daily capital needs.
For example, for the 0-year-old male treasure, the annual payment is 200,000 yuan for 5 years, the total premium is 1 million, and the basic insurance amount is 934,200 yuan.
Children aged 18-23 will be reduced by 60,000 yuan per year, and help children complete bachelor's and master's higher education, with a cumulative reduction of 360,000 yuan;
After graduating from college at the age of 24, the insurance was reduced by 300,000 yuan to support the child's work or entrepreneurship, with a cumulative reduction of 660,000 yuan;
At the age of 30, the insurance is reduced by 300,000 yuan as the child's wedding payment, and the new beginning of life is reduced by a total of 960,000 yuan;
When he retires at the age of 60, he still has 2.618 million as a pension supplement for a good old age.
This product is flexible in the use of funds and is suitable for long-term planning such as education funds and pensions.
3. Write at the end
After the analysis, this Ruihua Health Yiyue Worry-free Lifetime Care Insurance (Collector's Edition) policy has sufficient benefits, with a long-term IRR of up to 2.97%, which is the first echelon in the market, which can not only provide lifelong care and death protection for illness, but also reduce the insurance to meet daily capital needs when the body is in good condition, which is a very recommended product at present.
Long-term financial planning is important for every family. This long-term care insurance provides both protection and financial flexibility, as well as protection against disability in old age. You can consider this long-term care insurance more.