Judging from the insurance threshold, children's mutual fund is lower than children's commercial insurance. This is because the children's mutual aid fund has no requirements for the current health status of the insured, even children who are diagnosed with major diseases such as leukemia and malignant tumors can join. However, insurance companies have strict requirements on the health of the insured.
In terms of expenses and reimbursement standards, it often costs hundreds or even thousands of dollars to buy a comprehensive commercial medical insurance plan for children every year, while the annual cost of children's mutual fund is only RMB. The corresponding payment standard of commercial insurance is the hospital's diagnosis certificate, that is, payment after diagnosis. Some types of insurance can be paid, and the reimbursement procedures for commercial insurance are more convenient and fast, while the reimbursement for children's mutual funds needs to be approved at different levels.
From the perspective of coverage, commercial insurance is more comprehensive than children's mutual funds. Take a child insurance of an insurance company as an example. Parents can get10,000 USD for accidental death, burn and disability protection,10,000 USD for accidental medical compensation and10,000 USD for monthly accidental disability payment.
In summary, children's mutual funds and commercial children's insurance are not mutually exclusive. On the basis of participating in mutual funds, parents can purchase other commercial insurance according to their own economic situation and their children's future plans to achieve more comprehensive protection.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.