Recently, Waterdrop Insurance Brokers launched the "Waterdrop Million Medical Insurance (Family Edition)", which supports multiple family members to buy together, the price is more favorable, and members can also share deductibles.
It is understood that the recent research report released by the Waterdrop Insurance User Research Center shows that "worrying about their illness / accident becoming a family burden" is the first motivation for users to buy insurance, and all segments of the population have shown the attitude of giving priority to buying insurance for their children. This shows that users have a strong need to "protect for the family". Waterdrop Insurance Brokers launched the "Waterdrop Million Medical Insurance (Home Edition)" this time, hoping to use more cost-effective products to meet the needs of users to protect families.
Up to $6 million guarantee Family members can share the deductible
The maximum sum insured of Waterdrop Million Medical Insurance (Family Edition) can reach 6 million yuan, which has multiple advantages: on the one hand, there is a deductible for major diseases and 120 major diseases can be protected. On the other hand, family insurance supports members to share deductibles and share sum insured, that is, family members share 15,000 yuan of general medical expenses (including illness and accident) deductible. For users with family insurance needs, the product is more cost-effective and can effectively prevent the treatment of serious diseases from causing families to fall into economic difficulties.
Specifically, the scope of protection includes three categories:
The first is the general medical insurance premium of 3 million yuan, and four types of expenses within the scope of protection, such as "general inpatient medical expenses, special outpatient medical expenses, outpatient surgical medical expenses, and outpatient emergency treatment costs before and after hospitalization", can be applied for compensation.
The second category, the medical insurance for major diseases is 3 million yuan, which can protect 120 major diseases. Claims can be made for "inpatient medical expenses, special outpatient expenses, outpatient surgical medical expenses, and outpatient emergency expenses before and after hospitalization" arising from critical illnesses.
The third category, proton heavy ion insurance premium of 6 million yuan. The insured person who is "malignant tumor - severe" within the scope of the initial diagnosis coverage and receives proton heavy ion therapy at a designated medical institution can apply for this benefit.
Better purchases for families Easier policy management
In terms of the age limit for insurance, Waterdrop Million Medical Insurance (Family Edition) has also made a breakthrough. It is understood that the maximum insurance age of millions of medical insurance products on the market is mostly 60 years old, while the upper limit threshold of Waterdrop Million Medical Insurance (Family Edition) is 65 years old, and the maximum renewal age is 100 years old, so that more middle-aged and elderly people with protection needs can also buy medical insurance.
According to the product introduction page, natural people who are between the ages of 30 days and 65 years old (including 30 days and 65 years old) and can work normally and live can be insured. If the family is insured, the product requires that the number of insured people is not less than 2 people, including themselves, spouses, children and parents, and cannot be insured on behalf of others.
Waterdrop Million Medical Insurance (Home Edition) is a "small investment, high sum insured" ultra-cost-effective product, the price is as low as 12 yuan per person per month. The total price of a family buying a family version of the product is more favorable than buying separately, and a family with multiple people buying a larger discount than a single purchase.
Suppose the user insures the product for a family of 5, including 1 child aged 0-4, 2 users aged 31-35, and 2 users aged 61-65. In the case of social security and annual payment, a family buying a family version of the insurance policy is more than the total price of a single purchase superimposed, with an annual discount of 966 yuan, and no social security 2625 yuan per year.
With the formation of families after the 80s and 90s, the "421 family", that is, the family structure of four elderly people, a couple and a child, has become the mainstream, and "insurance for the family" has gradually become their main demand for insurance. In response to this common demand, Waterdrop Insurance Brokers provides users with a "family protection plan". From the aspects of insurance product supply, dynamic planning of family insurance schemes, and family dimension policy management, the "family" is used as a unit to provide comprehensive protection solutions for the whole life cycle.
In addition, Waterdrop Insurance Brokers has launched the "Family Policy Management" function, which allows users to complete the sharing of policy information in the family dimension, which is convenient for the preservation, management, sharing and traceability of family members' policies. At the same time, this function also supports services such as payment reminders and agent claim applications to avoid losses such as the interruption of insurance protection due to delayed payment, or the forgotten claim caused by the unshared insurance policy information of family members.
It is understood that Waterdrop Insurance Broker is an Internet insurance brokerage platform under Waterdrop Corporation (NYSE: WDH). As of June 2021, Waterdrop Insurance Brokers has accumulated 102.1 million insurance users and 24.9 million paid insurance users. Based on the scale of the first year's premium, Waterdrop Insurance Brokers has become the largest independent insurtech platform in China. At present, Waterdrop Insurance Brokers has reached cooperation with more than 60 insurance companies in China and launched 275 kinds of cost-effective insurance products, covering various types of personal health insurance such as medical, serious illness, accident, life insurance, annuity, etc., providing a full range of protection and services for adults, children, the elderly and chronic diseases.