What's the difference between critical illness insurance and medical insurance?
1, different payment methods
Medical insurance is a kind of expense compensation insurance, which is paid by reimbursement, and the amount of compensation will not exceed the actual expenses.
Critical illness insurance is a kind of fixed compensation insurance, and the insured amount is the compensation amount, which has nothing to do with the actual medical expenses.
2. Different premiums
The price of medical insurance is relatively cheap, and you can get millions of medical insurance if you spend millions.
The price of critical illness insurance is relatively expensive, and it takes thousands or even tens of thousands of yuan to buy hundreds of thousands of critical illness insurance every year.
3. The warranty period is different
The term of critical illness insurance is generally 1 year, 20 years, 70 years old or life. You can choose flexibly according to your own needs.
Most medical insurance is short-term insurance with one-year coverage.
4, the scope of protection is different
For the serious illness and mild illness identified in the critical illness insurance contract, some products provide medium illness protection, and only when the diseases agreed in the contract are diagnosed can compensation be obtained.
The coverage of medical insurance is relatively wide, and the responsibility is not limited to diseases. Usually there is no distinction between accidents and diseases, and it is not limited to social security drugs. As long as you meet the terms, you can apply for a claim. Many products can be reimbursed for self-funded drugs, imported drugs and bed fees.
5. The renewal conditions are different
If you are insured with long-term or lifelong critical illness insurance, you can renew your insurance every year as long as you don't get out of danger.
Medical insurance is a one-year product, and there is no guarantee of renewal. If the medical record appears in the one-year guarantee period, it may not be renewed in the future.
Second, medical insurance VS critical illness insurance, which one to buy first?
1, with critical illness insurance as the main body and medical insurance as the supplement.
To sum up, medical insurance and critical illness insurance do not conflict, but complement each other. Medical insurance can solve the money for medical treatment, critical illness insurance is responsible for the money for illness and the money for life. Moreover, the diseases covered by critical illness insurance are limited, and the diseases covered by medical insurance are more and complement each other.
2. Medical insurance is the first choice when you are young.
When you are in good health, medical insurance is given priority, with high minimum premium and low economic pressure. Short-term consumption can be considered for critical illness insurance, but after the family economy is sufficient, you must supplement the purchase of long-term or lifelong critical illness insurance. The insurance proposal is = medical expenses for critical illness+two years' income.
3. Older people over 60 choose medical insurance.
After the age of 40, the incidence of cancer rises rapidly, and the high risk determines that the premium of critical illness insurance is high, and the premium expenditure may be greater than the compensation amount, which is not cost-effective. At this time, it is more appropriate to apply for medical insurance, provided that the health notice is met!
Comment on insurance category:
Medical insurance and critical illness insurance have different functions, and there is no conflict in compensation. If the economy permits, the two can be purchased together, and the protection is more comprehensive!