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In June 2020, the most cost-effective way to teach you to match the 1 million insurance amount for children's regular major illness comes from the Chief Expedition Officer 00:0013:36
Almost all critical illness insurance coverage was once lifetime and bundled with death liability, which led to the following problems:
Premiums can be expensive
Children have to buy 500,000 insurance amounts, even if the payment period is extended to 30 years, it will cost three or four thousand per year. Then add the essential medical insurance and accident insurance, and the premium is easy to 5,000;
2. Consider that inflation coverage will slowly become insufficient
According to the average cost of buying half a million insurance, after a few years to buy half a million insurance, buy enough one million insurance, a child will spend ten thousand, what if there are two children in the family? Coupled with the insurance of adults, just buying insurance is a huge expense;
3. Serious illness insurance that binds death liability means little to children
The first is because the general insurance clause clearly stipulates that the sum insured will be paid after the age of 18. The second reason is that the regulatory authorities have made strict restrictions on the amount of death insurance for minors in consideration of moral hazard.
Because of the above three factors, many insurance companies have launched regular consumption-oriented serious diseases suitable for children on the Internet. This kind of product can be said to cater to the needs of the younger generation of parents to pursue pure protection products, which can provide children with higher risk protection and cheap price. In today's article, we will first introduce you to several online hot selling children's regular serious illness.
Regular high policy coverage --- Centennial Life Hornets Minor Critical Illness No. 2
The distinctive feature of this product is that the sum insured is increased:
The sum insured is increased by 5% compound interest per year, and the sum insured amount is x1.05 of the previous year's sum insured for 10 consecutive years, and the sum insured in the 11th year and beyond is 162% of the basic sum insured. Taking the sum insured of 800,000 yuan as an example, the sum insured is 840,000 in the second year, 880,000 in the third year, and the sum insured for major illnesses remains at 1.3 million in the 11th year and beyond until the contract is terminated.
Children's specific serious illness is an important indicator of the selection of children's serious illness, this product provides an additional 120% of the sum insured for 12 specific serious illnesses of children. Specific pediatric serious illnesses of this product include:
Leukemia, severe hand-foot-and-mouth disease, systemic juvenile rheumatoid arthritis, autologous hematopoietic stem cell transplantation, severe polio, severe primary cardiomyopathy, severe aplastic anemia, severe third-degree burns, severe brain damage, myelofibrosis, severe myelodysplastic syndrome, progressive spinal muscular atrophy in young children.
Taking the insurance amount of 800,000 yuan, 30 years of insurance and 20 years, with additional minor illness liability as an example, 0-year-old boys 984 yuan / year, girls 1048 yuan / year.
Reasons for recommendation
merit
This product is not the cheapest of its kind, but the medical clearance insurance amount is currently the highest - 800,000, and the annual compound interest of 5% is increased, and after the 11th year, it has a major illness sum insured of up to 1.3 million, which can basically cope with the depreciation of the insurance amount caused by inflation.
shortcoming
1. 12 kinds of specific serious diseases of children are only insured until the age of 18;
2. The increase in the amount of insurance is only applicable to serious diseases, and the amount of insurance for minor diseases and specific diseases of children will not increase;
3. The waiting period clause is relatively strict: during the waiting period, the insured has already occurred the disease, symptoms or pathological changes and continues to suffer from one or more major diseases, children's specific diseases, minor diseases agreed in this contract after the waiting period, and does not bear the insurance liability and the contract is terminated.
The more reasonable way to deal with insurance during the waiting period is to have a mild illness during the waiting period, but the disease is not covered and the insurance contract continues to be valid.
4. Without the rights and interests of loyal customers, in case the health of the insured person deteriorates in the future, there is a possibility that it will not be possible to re-insure serious illness.
The most comprehensive protection --- revive the joint mommy baby
1. The guarantee period is very flexible, as short as 20 years, the responsibility is guaranteed to 70, and the long to lifetime are optional;
2. The basic responsibility covers light - medium - heavy, but also can be attached to the secondary serious disease and children's specific diseases that are not grouped;
3. Children's specific serious illness is relatively more comprehensive, and there is no limit to the age of claim (the protection period of the same main insurance);
4. Loyalty to the rights and interests of customers, to dispel the concern that parents may not be able to renew the insurance on a regular basis: If the insurance period is 20/25/30 years, you can skip the waiting period and waive the health notice to switch to Fosun and other adult serious diseases within 60 days after the expiration of the period.
5. Minor or moderate illnesses during the waiting period will only terminate the insurance liability of the disease, and other diseases will not be affected.
Compared with Centennial Life's Hornet No. 2, Mommy Baby's children's specific disease coverage is more comprehensive, and there is no limit on the coverage period for specific diseases and rare diseases, that is to say, it is equal to the coverage period of the main insurance:
Taking a 0-year-old baby as an example, the price of different schemes purchased by Mommy Baby is as follows:
As a serious illness of children, this product is very flexible, from the basic package of more than 400 yuan, to the more comprehensive lifelong guarantee of the early 3,000s, basically every family can choose a suitable program. The theme of this issue is the recommendation of regular serious illness, so the Chief Expedition Officer recommends that you choose option two in the above plan, which is supplemented with plans for specific diseases and rare diseases in children. During the insurance period, if you are unfortunate enough to suffer from 18 specific diseases in children, you will be paid twice the sum insured and 5 rare diseases will be paid 3 times the sum insured.
Theoretically, the probability of developing a second different major illness before the age of 30 is extremely low, so we recommend that a second major illness be added to it when choosing to live to 70 or for life.
Because of the "refusal of 1.6 million sum insured due to the failure to truthfully inform", Fosun United recently lowered the policy maximum, and the maximum sum insured for 0-5 years old can only be insured for 500,000 yuan, and 6-17 years old can be insured for 600,000 sum insured. In the past, we could do enough children's major illness insurance through this product, but now I am afraid that we can do it through the combination of two products.
You don't have to panic about this product, and the denial of compensation is a very rare case, because it is not truthfully informed. Last year, the same product successfully claimed 800,000 sum insured, and the cause of the claim was "medulloblastoma". Remind everyone to read the health notice carefully when applying for insurance, and if you have any questions, you can consult the Chief Adventure Officer as soon as possible.
The cheapest --- Rite-Hite Hornet Time Machine
1. The premium of the same sum insured is the cheapest;
2. Covering light- medium - heavy, children's specific diseases additional compensation has been and serious illness secondary liability.
3. Loyalty customer rights: There is no claim during the insurance period, and you can be exempted from health notification within 60 days after the expiration of the insurance.
Compared with the 18 specific diseases of the Bumblebee Time Machine and Mommy Baby, the red letters indicate different disease species, and the rest are the same. The chief expedition officer believes that the child-specific disease settings of these two products are more reasonable, and if you find it difficult to choose, the best way is to insure both products at the same time. For example, your goal is 800,000 major illness insurance, which can be insured for Mommy Baby 400,000 and Bumblebee Time Machine 400,000 respectively, which is more scientific and reasonable than insuring a single product.
We only recommend two options for this product, the first is to choose only the basic responsibility, and the second is to choose the additional specific disease. Choose the basic responsibility, the 0-year-old baby buys 600,000 yuan of insurance per year to pay no more than 400 yuan, and then combines another major illness insurance, the annual premium of 1,000 yuan can easily increase the insurance amount of the major illness insurance to 1 million yuan.
1. The protection time can only be selected until 30 years old.
Note that it is insured until the insured is 30 years old, not 30 years, such as 6-year-old children insured, insurance to 30 years old means that the actual protection period is only 24 years, so when the older baby is insured, you will find that the rate is very cheap, the reason is that in fact, its protection period is also shortened accordingly. This is both a disadvantage and an advantage, a while ago, I added insurance to my 7-year-old daughter to this product, choosing the basic liability of 600,000 insurance amount, as long as 324 yuan per year. If you are giving your child a guarantee in the middle of the way and want to spend as little money as possible, this product is very suitable.
2. The shortcomings of secondary serious diseases are obvious.
This product can only choose to be insured until the age of 30, the second major illness is insured until the age of 70 or lifetime, if the first serious illness occurs after the age of 30, and then the second serious illness can only pay one-third of the sum insured, we do not recommend checking this liability.
Recommend a "strong combination" portfolio
At present, there are many regular serious diseases on the market, such as Rite-Hite Life's "Sunny Day Insurance" and "Sunny Day Insurance Super Edition", Love Life's "Happy Little Baby", Hengqin Life's "Hornet No. 3 Plus", Hengqin Life's "Jiabei Bao" and so on, and the homogenization between products is more serious. If your goal is to buy your child a one-time major illness sum insured of $1 million, how to buy it cost-effectively and comprehensively? Today I will give you a set of "combination punches":
With the most comprehensive children's serious illness mommy baby + the cheapest children's serious illness Bumblebee time machine + cancer multiple claims of Sino-Dutch life plus insurance, such a combination can get the benefits include:
1. Basic serious illness 1.1 million insurance amount + 550,000 moderate illness + 330,000 mild diseases, insured for 30 years;
2. 1.6 million insurance for 18 kinds of children's specific diseases, 1.5 million insurance for 5 rare diseases, and 30 years;
3. If you suffer from cancer for the first time, no matter whether the cancer is new, metastasized or recurs after 3 years, you will lose 500,000 yuan again, and the cancer can be compensated up to 2 times. This liability is guaranteed for life.
Combination of reasons: Product 1 and Product 2 are both term insurance, in the event of a claim during the insurance period, even if there is a loyal customer interest, there is still a large protection vacuum. Considering the higher the incidence of cancer at an older age and the higher the five-year survival rate, with a cancer multiple-pay life insurance, you can take into account the lifelong cancer protection while mainly choosing regular protection. Most critically, it's really cheap.
Write at the end:
The best order to buy critical illness insurance for your child is:
Lifetime non-group multiple pay-off type critical illness > lifetime group multiple-pay type > lifetime single-time pay-off major illness > regular major illness
The reason is very simple, the incidence of serious diseases is absolutely positively correlated with the increase in age, and the reason why children's serious diseases are cheap is that the incidence of serious diseases in children is much lower than that of adults.
But the incidence is low, the cost is higher, and the survival rate is higher. Children with serious illnesses who seek help in the news can cost millions or more. If there is enough funding, the child has a better chance of surviving overseas treatment, what will you choose? I believe that parents will save their children's lives at all costs.
Since buying enough sum insured is the first priority, in the case of not much money, the last resort is to sacrifice the guarantee period.
When choosing a regular serious illness, we must also learn to "grasp the big and let go of the small", give priority to meeting the basic sum insured for serious illness, and then consider additional liabilities such as "specific disease", "secondary serious illness", "insured exemption" and so on. While doing addition, you must also learn to do subtraction.
Also, medical reimbursement should not expect two or three hundred yuan to buy "ten thousand yuan household" type of products, be sure to buy a high insurance amount for children, relatively stable renewal, can expand the reimbursement of self-payment items of medical insurance. High-sum insured medical insurance for out-of-pocket projects + high-sum insured major illness insurance, at critical moments, only they can save a family.
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