Lifelong critical illness insurance provides lifelong protection for the insured. There are two forms of lifelong protection:
The first is to provide the insured with major illness protection until the insured dies.
The other is that when the insured lives to the limit age agreed in the contract (such as 100), the insurer pays the insurance premium equal to the critical illness insurance, and the insurance contract is terminated. General life-long critical illness insurance products will include death insurance liability, so the rate is relatively high because of the high risk.
Extended data:
The "critical illness" guaranteed by critical illness insurance usually has the following three basic characteristics:
First, "serious illness" will seriously affect the normal work and life of patients and their families for a long time;
Second, "the cost of treatment is huge". Such diseases need to be treated with more complicated drugs or surgery, and expensive medical expenses need to be paid.
Third, it is not easy to cure for a long time, or even permanently.
The insurance premium paid by critical illness insurance mainly has two purposes:
One is to pay high medical expenses for the insured due to illness, disease state or surgical treatment;
The second is to provide financial security for the insured after illness, and try to avoid the insured family from falling into financial difficulties.
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