The critical illness insurance market is really updating and iterating very quickly. In March, the Super Mario Critical Illness Insurance IP, which has launched 10 or 20 products, was upgraded to Super Mario 10, which has been a popular hit since its launch.
In April, Darwin's big IP, which is known for its high cost performance like Super Mario, was also upgraded to No. 9.
Super Mario 10 and Darwin 9 are the market leaders in terms of insurance liability and premiums, so which one is better and more worth buying?
1. The difference between the insurance liability of Super Mario 10 and Darwin 9
After overnight research and sorting, I will write down the guarantee content of these two products in detail in the following table.
The protection of the two products is very comprehensive, and many responsibilities are also similar. Let's jump right into the main point and see where they differ.
Let's take a look at the insurance rules first:
1. Super Mario 10 can only be guaranteed to 70 years old during the support period, and Darwin 9 can only be guaranteed for life for the time being.
2. Super Mario 10 underwriting is more lenient
Super Mario 10 supports the functions of smart core fee increase and human core fee increase, and many diseases that are denied insurance can be covered through the premium increase. For example, lung nodules of 6-8mm, which are easily denied insurance, are covered by Super Mario 10 supporters, and the insurance is more lenient.
Darwin 9 has no additional coverage, and many illnesses are either excluded or denied.
Let's look at the insurance liability:
1. Basic critical illness
They are all 100% of the basic sum assured, but Super Mario No. 10 has 110 types of critical illness protection, which is 2 more than Darwin No. 9. Darwin 9 lacks progressive multifocal leukoencephalopathy, subacute sclerosing panencephalitis, and does not include severe type I diabetes mellitus, which is a high-incidence severe disease.
2. Critical illness recovery fund/multiple claims
Super Mario No. 10 can also be compensated for the same kind of critical illness, and it can be combined with malignant tumor allowance/multiple claims and malignant tumor expansion fund, which is better for consumer rights.
Darwin No. 9 Multiple Critical Illness Insurance Benefit, the trigger period has been extended by 5 years (before the age of 65), but the premium is more expensive, and the same critical illness cannot be compensated, and it cannot be combined with the additional insurance benefit for malignant tumors and the specific cardiovascular and cerebrovascular insurance benefits.
3. Malignant tumor allowance/extension payment
Super Mario No. 10 has a shorter payment interval, cancer - > cancer (not limited to cancer recurrence, metastasis, continuous treatment), the compensation interval is 365 days, and the 10th can also choose unlimited cancer compensation (guaranteed initial odds, only 1 year interval each time, and you can also choose unlimited compensation, 50% every 3 years).
Darwin Cancer No. 9 - > Cancer is paid at an interval of 3 years, and 120% is paid after 3 years, and if it is treated early, this money will not be paid.
In contrast, Super Mario 10 is more available and more practical.
4. Miscellaneous
Super Mario 10 Exclusive:
Cancer Expansion Fund Liability: For the first diagnosis of carcinoma-in-situ and mild cancer, and then the diagnosis of malignant tumor - severe, an additional 50% of the basic sum assured will be paid, and the cancer protection will be strengthened.
It can be attached to the policyholder exemption to support husband and wife to invest in each other, and the responsibility is more humane. Darwin 9 does not support policyholder exemptions.
Darwin 9 Exclusive:
Hospitalization allowance: If there is no critical illness before the age of 60, 0.1% of the basic sum insured will be paid for each day of hospitalization after the age of 60. However, if the sum insured of the main insurance is occupied, it needs to be deducted when the final claim is made for critical illness/death/total disability, and a separate hospitalization allowance can be purchased for the same expense.
Critical Illness Premium Compensation Premium: If a critical illness occurs during the payment period of the insured, the premium paid will be refunded. It seems to be innovative, but it is actually a regular critical illness with insurance term = payment period, and the premium is more expensive.
The Sickness Care Benefit is an additional 20% of the basic sum insured for the first minor illness before the age of 60.
Summary: The above is the difference between the main responsibilities, and it can be seen that the two have their own advantages. However, relatively speaking, the second critical illness and malignant tumor secondary protection are more important: Super Mario 10 secondary critical illness can cover the same disease and has a wider coverage, while for malignant tumors, Super Mario 10 has a compensation interval of 365 days for malignant tumor recurrence, metastasis and continuous treatment, and Darwin 9 can only be paid after an interval of 3 years. You should pay more attention to these two items when choosing.
2. Super Mario 10 or Darwin 9, who has the lower rate?
1. First of all, from the perspective of insurance rules: the minimum insurance premium for some users of Super Mario 10 is lower, and the pressure on users is less
31-35 years old: Mary 10 can choose to pay for up to 35 years, and the annual premium payment pressure is less, and Darwin 9 can choose to pay for up to 30 years.
46-50 years old: 15 years for Mary 10 and 10 years for Darwin 9
For example, a 46-year-old man is insured for basic liability, with an insurance amount of 200,000 yuan and a lifetime insurance:
Darwin No. 9 is paid for 10 years, 7,522 yuan per year, and Super Mario 10 is paid for 15 years, 5,348 yuan per year, which is more than 2,000 yuan less per year, and the pressure is much less.
2. Look at the delivery time
Taking the basic liability of 30-year-old insurance as an example, the basic insurance amount is 500,000 yuan and the insurance is lifelong
10 years, 15 years: Super Mario 10 is lower than Darwin 9 in all respects, dozens of hundreds of dollars lower
20 years, 30 years: Darwin No. 9 is cheaper, and it is about tens of hundreds of dollars lower
35 years delivery: There is not much difference between the rates of the two products, Darwin 9 is slightly lower, and it is dozens of dollars lower.
It can be seen that the premium gap between the two models is not large, but the premium of Darwin No. 9, which is popular for 20 years and 30 years, is tens of hundreds of dollars lower. So is it really more advantageous to have a small premium of tens of hundreds of yuan? Actually, no, let's take a look at the mystery of low prices.
(1) Lack of high-incidence diseases or stricter requirements
(1) Darwin No. 9 does not contain severe type 1 diabetes
This serious disease has many complications, is difficult to cure, and requires long-term treatment, and is a relatively high-incidence disease. Super Mario 10 is containing this disease.
(2) Vegetative state, Darwin 9 does not contain alcohol and drug abuse, except Super Mario 10.
Friends who have learned about vegetative people know that this is a very money-burning disease, and no money means giving up.
(3) Severe asthma: Darwin No. 9, which needs to be diagnosed before the age of 25 to be compensated, Super Mario does not have this requirement.
Although it is generally considered a childhood disease, the prevalence of asthma increases with age.
(*Sourced from The Lancet)
(2) Less payout for some diseases
Bilateral testicle/ovarian removal, Super Mario 10 is moderately affected, Darwin 9 is mild, and Super Mario 10 pays 30% more than Da 9.
(3) Part of the liability costs a lot of money, but it is difficult to pay/there is no additional compensation
(1) Darwin No. 9 hospitalization allowance occupies the insured amount of the main insurance, and the final claim needs to deduct the hospitalization allowance paid. For the same cost, if you buy a separate hospitalization allowance, the protection is better.
(2) The liability of Super Mario 10 can be stacked, and Darwin 9 is not stacked
Super Mario 10's 2nd critical illness, cancer allowance, and cancer expansion insurance benefits can all be stacked, and the rights and interests of customers are better. Darwin9, Cancer Expansion Bonus and multiple critical illnesses cannot be compensated, and cardiovascular and cerebrovascular diseases cannot be compensated with multiple critical illnesses.
(3) Darwin 9's critical illness has three same clauses, while Super Mario 10 does not
For example, if you have leukemia and have a hematopoietic stem cell transplant, Super Mario 10 leukemia will be covered, but Darwin 9 will not.
(4) Minimally invasive cranial surgery for mild cases, Darwin 9 is a five-item recessive grouping, and it is also divided into "mild stroke sequelae", which is one of the three high-incidence mild diseases.
And Super Mario has only 4 items, and it is not in the same group as "mild stroke sequelae", and both have a chance to pay.
(5) In the cancer of Darwin No. 9 for multiple times, the compensation for the mild carcinoma in situ or malignant tumor must be paid by different organs, and the requirements are strict.
(6) Cancer Medical Allowance/Cancer Extension Payment:
Super Mario 10 has a shorter payout interval of 365 days from cancer to > cancer, and unlimited claims for cancer, with new, recurrent or ongoing malignant tumors paid faster.
Darwin paid for cancer > cancer with an interval of 3 years, and only paid 120% after 3 years, and if he was treated early within 3 years, he would not get the money. In contrast, Super Mario 10 is more available.
(7) Darwin No. 9 restricts the number of cardiovascular and cerebrovascular diseases to 10, and Super Mario No. 10 can replace the specific cardiovascular and cerebrovascular liabilities of up to 9 with the second critical illness insurance benefit, with no disease type requirements and lower prices.
(4) Partial liability premiums are more expensive
(1) Critical illness premium compensation, which seems to be innovative, is actually a regular critical illness with insurance term = payment period, and the premium is more expensive.
For example, a 30-year-old woman pays premiums for 30 years for life, and after adding this liability, Darwin No. 9 needs to add an additional 295 yuan (4890 yuan for mandatory, 5185 yuan for mandatory + critical illness premium compensation), which is equivalent to 295 yuan per year to buy a term critical illness insurance with an insured amount of 5185 yuan. Very low value for money.
(2) Darwin No. 9 Multiple Critical Illness: Although the trigger period has been extended by 5 years (before the age of 65), the same critical illness cannot be compensated, and the premium is more expensive.
(5) Darwin No. 9 does not have the policyholder exempted from liability and cannot meet the mutual investment. Super Mario 10 optional policyholder waiver.
(6) Insurance companies
The insurance company is also a concern for many friends.
Darwin No. 9, from Ruihua Health Insurance Company. This company was approved by the former China Banking and Insurance Regulatory Commission in 2018 and has a registered capital of 500 million, making it a relatively young company.
Super Mario No. 10, from Junlong Life Insurance, many friends are more familiar with this company, and have launched many excellent products in the past two years. Junlong Life Insurance is a joint venture between Xiamen C&D Group, a Fortune Global 500 company, and Taiwan Life, which has more than 70 years of life insurance experience. Among them, Xiamen C&D Group is a wholly state-owned enterprise in Xiamen, with assets of more than 720 billion yuan in 2022, and has been listed in the "Fortune Global 500" for many years. All in all, a company with a strong background.
From the perspective of the strength of the insurance company, Junlong Life Insurance is obviously stronger.
3. How to choose two products
From the above analysis, we can roughly see the difference between the two. But everyone has their own advantages, and it's really hard to choose.
If you want to stay up to the age of 70, buy Super Mario 10;
There are many physical abnormalities, such as lung nodules of 6-8mm, Super Mario 10 has the opportunity to be underwritten, and Super Mario 10 supports intelligent surcharge and human nuclear surcharge underwriting, which is more beneficial for underwriting;
Only the basic liability of insurance, the premium of Darwin No. 9 is slightly lower, but there are more defects, and the protection of Super Mario No. 10 is more realistic, and everyone chooses according to their needs;
If you want to aggravate the illness compensation twice, malignant tumor allowance / multiple times, choose Super Mario No. 10, not only the premium is lower, but also the compensation is faster, the compensation is superimposed, and there is no three same terms;
I like hospitalization allowance and critical illness premium compensation, choose Darwin No. 9.
On the whole, if you choose one of the two, Super Mario 10 is undoubtedly more realistic.
Fourth, write at the end
In fact, Junlong Life Super Mario No. 10 Critical Illness Insurance and Ruihua Health Darwin No. 9 Critical Illness Insurance are both excellent products and have their own advantages. However, it is important to look at the key points when choosing, some products have a lot of responsibilities, but not all of them are practical.
If you want to choose one of these two products, we recommend Super Mario No. 10. Of course, the more important thing is to meet your own needs and actual situation.