Similarities:
Critical illness insurance and medical insurance belong to health insurance, both of which are used to treat diseases and can be used to cover medical expenses.
Difference:
1. Payment time is different.
Critical illness insurance once he is diagnosed with a serious illness, he can get compensation; Medical insurance should be reimbursed according to the list of treatment expenses and other supporting materials.
2. The compensation amount is different
Critical illness insurance is paid according to the amount of insurance you buy, which has nothing to do with the actual medical expenses. Suppose you buy a critical illness insurance, the insured amount is 654.38+0 million, and when a critical illness occurs, you will pay 654.38+0 million. As for where you spend your money, it has nothing to do with the insurance company;
Medical insurance is based on the actual cost of your treatment in the hospital. Special reminder, social insurance and expenses below the "deductible" are not insured. Every medical insurance has a deductible, generally including 0 yuan, 1 1,000 yuan, etc. At the same time, medical insurance has strict insurance regulations, and our reimbursement expenses cannot exceed the total actual treatment expenses.
3. The guarantee time is different
Major disease products in the insurance market are mostly long-term insurance products, while medical insurance is mostly short-term insurance products with a term of 1 year. Long-term major disease products are generally guaranteed for 20 years, 30 years, 50 years or even life, and short-term medical insurance products are guaranteed 1 year.
4. Different premiums
Long-term critical illness insurance products are paid on time, and the value remains unchanged, and the premium will not increase with the increase of your payment period; Short-term medical insurance products usually grow with age. Most short-term medical insurance products are non-renewal products, that is, after one year of purchase, they may not be renewed in the second year. For the same two products, if one of them promises to renew the warranty, the product that promises to renew the warranty will have higher premium and higher deductible than the product that does not promise to renew the warranty.
After reading the similarities and differences above, I have a general understanding of the difference between critical illness insurance and medical insurance. Judging from the probability of risks, medical insurance has a higher probability than major diseases. However, with the rejuvenation of major diseases, the probability of major diseases increases year by year, and critical illness insurance cannot be ignored.
Major diseases apply to everyone, and medical insurance actually applies to everyone, but medical insurance is more suitable for people with specific needs, such as dental diseases and gynecological diseases, so it is more cost-effective to buy on demand. Because critical illness insurance is a long-term insurance, protection is a risk that our health may face in the future, which is more important to everyone.