In the process of choosing an insurance plan, we often encounter situations where we need to choose between the main insurance and the additional insurance.
Of course, the main insurance is necessary, but how to choose the additional insurance?
Is it that if you don't buy riders, the protection of the policy is not very good?
Let's find out.
What is Rider?
The so-called additional insurance is actually relative to the main insurance.
Primary insurance is an insurance product that can be purchased separately, and can also be called basic insurance.
The insurance products we usually buy, such as critical illness insurance, life insurance, million medical insurance, accident insurance, etc., are all main insurance.
The additional insurance is the insurance that must be attached to the main insurance, and cannot be insured separately.
Its role is to supplement the coverage of the primary or basic insurance, so as to provide more comprehensive coverage.
Since it is an additional insurance, it must also require a premium, but it is cheaper.
This means that we can use cheaper premiums to get more comprehensive protection and cover the risks that are not covered by the main insurance.
Moreover, if the primary coverage expires, lapses or the contract ends, the rider coverage will also be terminated.
(A mini program has been added here, please go to the Toutiao client to view)
What is the relationship between the main plan and the rider?
As we mentioned earlier, the rider is attached to the main risk.
For us, the main role of buying a master insurance is to transfer some of the more significant risks to the insurance company.
For example, if you apply for critical illness insurance and life insurance, you can get protection against the risk of critical illness and death.
The rider mainly protects relatively less important risks, such as critical illness risk and death risk, and the more minor risks are medical treatment, accidents, etc.
It can be seen that in most cases, it is long-term insurance that can have additional insurance.
For example, in life insurance products, the main insurance is a whole life insurance, and the additional insurance is critical illness insurance, accident insurance, and medical insurance.
Or the main insurance is a critical illness insurance, with an additional medical insurance and accident insurance.
Take critical illness insurance as an example, if you unfortunately suffer from a critical illness and pay it first, then the additional medical or accident insurance product will be discontinued.
In this way, if the product with a covered nature is used as an additional insurance, then the protection is likely not to be guaranteed.
Is it necessary to buy additional insurance?
In fact, this is also discussed on a case-by-case basis, and we can still use clauses to illustrate.
For example, critical illness insurance, the most common is to attach death liability, that is, to attach a life insurance.
Of course, the same is true for life insurance with critical illness liability.
In this case, critical illness insurance and life insurance share the sum insured.
(A mini program has been added here, please go to the Toutiao client to view)
If the sum insured is 500,000, if one party pays in advance, then the coverage will be reduced or even ended directly.
If the critical illness is paid first, such as 300,000 yuan, then the sum insured of the life insurance is only 200,000 yuan.
In this way, the protection is missing and not comprehensive.
And if it is attached to medical insurance, then you need to pay attention to the age of renewal.
For example, critical illness insurance and life insurance can be protected up to the age of 70.
For additional medical insurance, the age at which the policy may be renewed can only be up to 65 years old.
Therefore, if the additional protection is not consistent with the main insurance, then the overall protection will be somewhat lacking.
In general, the coverage of the rider can be complementary to the main insurance.
However, in fact, when we buy insurance, it is more recommended to buy it separately, so as to get more comprehensive and long-term protection.