The track of children's critical illness insurance has always been very volatile! Several popular products on the market are generally very cost-effective.
And in terms of protection content, a variety of products also have their own characteristics.
For example, Xiaoqinglong No. 3 innovates autism protection, with rich and practical value-added services;
Bumblebee No. 10 (Ultimate Edition) has high additional claims for special diseases/rare diseases, and the protection is more powerful;
Qingyunwei No. 3 has multiple critical illnesses/multiple cancers, and can be stacked to make claims more flexible......
Without further ado, Daddy has prepared a detailed evaluation for you, please see below.
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01
Popular children's critical illness insurance
There are 5 recommendations:
- Beijing Life Bumblebee No. 10 (All-round Version)
- Dingcheng Life Insurance Little Naughty No. 2
- China Merchants Ren and Qingyunwei No. 3
- Fosun Prudential Hornet No. 10 (Ultimate Edition)
- Junlong Life Insurance Xiaoqinglong No. 3
Let's take a look at the product information first:
You can see:
All 5 products are insured under the age of 17, and the waiting period is 180 days.
From the perspective of the warranty period, except for Bumblebee No. 10 (flagship version), the remaining 4 products have a variety of options:
They are guaranteed for 30 years, up to the age of 70 and for life, with more options and more flexibility.
Xiaoqinglong No. 3, Qingyunwei No. 3, Bumblebee No. 10 (all-round version) and Bumblebee No. 10 (flagship version) have the best payment period, and they can choose to pay in 35 years.
Effectively reduce the pressure of payment and extend the guarantee leverage.
The protection content of several products is relatively comprehensive, but the focus is different.
The cost performance is very high, and the optional responsibilities are also different, which can meet the needs of different groups of people.
Let's take a look at the differences between the benefits:
1. Coverage
1) Mild to moderate illness protection: Naughty No. 2, Bumblebee No. 10 (all-round version), Bumblebee No. 10 (flagship version)
These 3 products are all after nearly 1 critical illness claim, and mild to moderate illness can be repaid.
However, there is no time limit for Naughty 2, and there is a time limit of 1 year between Hornet 10 (all-rounder) and Hornet 10 (Ultimate).
Compared with Qingyunwei No. 3 and Xiaoqinglong No. 3, these three continue to be effective after the first compensation for mild and moderate diseases.
The gold content of the protection is higher and the protection period is longer.
In addition to the above basic benefits, all 5 products also come with an insured waiver: in case the child suffers from a mild, moderate or critical illness, the subsequent premiums will not be paid.
2) Children's Special Disease Protection: All 5 products have additional claims for rare diseases, and all of them can pay corresponding compensation for 20 rare diseases
Among them, Xiaonaughty No. 2, Xiaoqinglong No. 3 and Qingyunwei No. 3 rare diseases will pay an additional 200% of the sum insured, and the number of diseases is at the forefront of the market.
If you choose Bumblebee No. 10 (all-round version) or Bumblebee No. 10 (ultimate version), there are 3 claims for special diseases and rare diseases, and the corresponding amount has also changed.
- 60% of the basic sum assured in the first year of special illness, 120% of the basic sum assured in the second year, and 150% of the basic sum assured in the third year and onwards
- 100% of the basic sum assured in the first year of rare diseases, 200% of the basic sum assured in the second year, and 220% of the basic sum assured in the third year and onwards
For the 2nd to 4th critical illness diagnosis, the contract stipulates that the special disease/rare disease will be paid at the same time as the critical illness multiple insurance benefits.
An additional 100% of the basic sum assured will be paid once, for the same child-specific disease/rare disease.
Compared with other products, the protection is also more complete, and the compensation is also stronger.
2. Coverage of high-incidence diseases
Next, let's take a look at the coverage of severe, moderate, and high-incidence diseases to see if it is comprehensive:
1) Coverage of high-incidence critical illnesses
It can be seen that among them, Xiaoqinglong No. 3, Bumblebee No. 10 (all-round version) and Bumblebee No. 10 (flagship version) have very complete coverage of children's high-incidence critical illnesses, and there is no lack of diseases.
Little Naughty No. 2 has a lack of intellectual disability caused by an illness or accident.
However, it contains hemolytic uremic syndrome that does not have an age limit for diagnosis under 25 years of age and is more relaxed.
Qingyunwei 3 is missing the disease hemolytic uremic syndrome.
These products all list most of the high-incidence critical illnesses as special diseases for children, and if the claims are stacked, the protection is stronger.
These products are all for how long to buy and how long to insure, there is no age limit for claims.
If you choose the version with a lifetime guarantee, the additional benefit for special diseases will be valid for life.
This is very good, after all, some diseases are not only more common in childhood, but also have a chance to occur when they are older.
2) Coverage of high incidence and moderate disease
From the perspective of coverage, Qingyunwei No. 3 has the most complete coverage of high-incidence moderate disease, and only 2 diseases are classified as mild symptoms.
It also includes moderate Alzheimer's disease and moderate primary Parkinson's disease, which are classified as mild by other products.
The other 4 models have the same protection, and there is no distinction between them.
For example:
The case of Lao Lin insuring his child Xiaolin, with an insurance amount of 500,000,
At the age of 65, Kobayashi unfortunately contracted moderate Alzheimer's disease.
If you buy Qingyunwei No. 3, you can get 300,000 compensation;
If you buy Xiaoqinglong No. 3, you can get a compensation of 150,000 yuan.
3) High incidence of mild disease coverage
From the perspective of disease coverage, except for Bumblebee No. 10 (flagship version), the rest of the overall protection is very comprehensive, and there is no lack of high-incidence diseases.
Among them, Qingyunwei No. 3 contains two diseases, liver cirrhosis and early liver cirrhosis caused by viral hepatitis, which is more comprehensive than the other 4 models.
The other 4 models have upgraded many mild illnesses to moderate illness benefits.
In overall comparison, Qingyunwei No. 3 is slightly inferior in terms of security.
However, the standard and proportion of compensation for specific products are also different.
If you want to know more details about the comparison of terms, you can click here to book a free consultation.
3. Optional protection
1) Death/Total Disability Benefit: Naughty No. 2, Little Green Dragon No. 3, Bumblebee No. 10 (All-round Version)
5 products are covered by the basic sum insured at the age of 18 and onwards.
Among them, the death benefit of Qingyunwei No. 3 is a mandatory liability, and the rest of the products are optional liability, which is more flexible in insurance.
Among them, Little Naughty No. 2 has added a family care fund, and MAX (20% of the sum insured/sum insured) will be paid before the age of 18.
Age 18-30 basic sum assured, choose one of two types of death/total disability benefit.
For the Dragons 3 and Bumblebee 10 (all-rounders), MAX (premiums paid/cash value) will be paid before the age of 18, and the basic sum assured will be paid at the age of 18 and later.
In contrast, the latter three have more options and are more flexible.
2) Sickness Care Fund: Xiaoqinglong No. 3
Except for the 30-year version of Qingyunwei No. 3, which is a mandatory liability, the rest of the versions are optional as the other 4 models.
Among them, the additional compensation of Xiaoqinglong No. 3 is more prominent, compared with other products,
The additional benefit for critical illness can reach 100%, which is equivalent to double the payout.
However, there will be time limits for each version, so you can refer to the table yourself.
3) Additional compensation for critical illness: Little Naughty No. 2, Little Green Dragon No. 3, Bumblebee No. 10 (all-round version)
Little Naughty No. 2 can choose multiple claims for critical illness, up to 3 additional claims, with an interval of 365 days without grouping, and the proportion of one-time compensation is 120%;
Xiaoqinglong No. 3 takes multiple claims for critical illness as a mandatory protection, which can be paid up to 4 times, with an interval of 365 days without grouping, and 100%, 120%, 140%, and 160% of the sum insured are paid respectively;
Bumblebee No. 10 (all-round version) also takes multiple claims for critical illness as a mandatory protection, and you can choose to make multiple claims for critical illness 3 times.
120%, 120% and 150% of the sum insured will be paid respectively.
4) Multiple claims for cancer: Xiaoqinglong No. 3, Qingyunwei No. 3, Bumblebee No. 10 (all-round version), Bumblebee No. 10 (flagship version)
Xiaoqinglong No. 3, Qingyunwei No. 3, Bumblebee No. 10 (all-round version), and Bumblebee No. 10 (flagship version) cancer multiple claims are innovatively stacked, which can be superimposed with multiple claims for critical illness.
Among them, Bumblebee No. 10 (all-round version) has made a new breakthrough in the number of claims, reaching unlimited claims, paying 40%/50%/30% of the sum insured respectively;
Starting from the fourth time, 50% will be paid for every 3 years if the patient is still in the state of malignant tumor;
At present, most of the children's critical illness insurance on the market can only be paid by "choosing one of the two", and the buff is directly filled.
In addition, Bumblebee No. 10 (all-round version) lifetime version must be included in the payout for cancer.
If the insured suffers from carcinoma-in-situ or mild cancer during the benefit period, after paying the insurance benefit for mild illness,
If you suffer from critical cancer for the first time, you can pay an additional 50% of the basic sum assured, which is more protection.
In addition to the above four optional liabilities, Bumblebee 10 does not have optional hospitalization allowance coverage.
4. Premium comparison
After reading the coverage, we also have to compare their premiums:
1) Guaranteed for 30 years: Bumblebee 10 (Ultimate Edition) has the lowest price
In the case of death, the 0-year-old baby buys Bumblebee No. 10 (flagship version) is cost-effective, only 560-580 yuan a year;
2) Guaranteed to 70 years old: Little Naughty No. 2 and Qingyunwei No. 3 have the lowest prices
In the case of choosing the second death benefit plan, the 0-year-old baby girl of Qingyunwei No. 3 only needs 960 yuan a year;
The little naughty No. 2 0-year-old baby girl only needs 969.97 yuan a year.
3) Guaranteed for life: Little Naughty No. 2 has the lowest price
Including death benefit without other optional liabilities, the little naughty No. 2 0-year-old baby boy needs 1969 yuan a year, and the 0-year-old girl baby needs 1839 yuan.
If you add additional compensation for cancer, a 0-year-old boy needs 2,174 yuan a year, and a 0-year-old girl needs 2,133 yuan.
However, it should be noted that when we choose a product, we still have to make a corresponding choice based on the content of the guarantee.
If you are interested in the premium comparison of other insurance liabilities and the value-added services of each product, you can click here to book a free consultation.
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Daddy concluded
These products carefully selected by Daddy are very cost-effective.
And whether it is in terms of protection liability or pricing, each product has its own unique advantages.
The basic protection of Little Naughty No. 2 is very prominent, the premium is cheap, more than 1,000 per year, you can get a lifetime limit of 300,000, covering the protection of death,
It is suitable for friends who are looking at the design of heavy/moderate/mild insurance policies and pursuing ultra-high cost performance.
Bumblebee No. 10 (all-round version) and Bumblebee No. 10 (ultimate version) have solid coverage, rich coverage for rare diseases, large payouts, and flexible optional liabilities.
It is suitable for people who are looking for specific disease protection, solid basic protection, and flexible insurance;
Qingyunwei No. 3 has a lot of initial compensation amounts, large protection, flexible insurance, and is more suitable for people who pursue critical illness and cancer protection, and have excellent protection for mild and moderate diseases;
Xiaoqinglong No. 3 innovates autism protection, and the premium also has advantages, with strong disease protection and flexible insurance
It is more suitable for people who are looking for comprehensive protection and higher protection for critical illness and cancer.
In the end, parents still have to choose the right product according to their actual situation and protection needs.
If you need help, you can consult us here