Worry-free C 1 is a product of Xinhua Life Insurance, which has two versions: the youth version and the adult version. Let's briefly analyze the advantages and disadvantages of these two versions. For detailed and in-depth evaluation and analysis, please see: How about China Life? Do you have any insurance recommendations?
As usual, look at the guarantee content first: (see the picture below)
Let's start with the adult version.
The advantages of the adult version are as follows:
1. If you are unfortunately diagnosed with serious illness or death in the first 10 years of the coverage period, the insurance company will pay you an extra 20% of the basic coverage.
2. Those who unfortunately suffer from six specific diseases, such as brain cancer and pancreatic cancer, can get the basic guarantee of 120%.
Its disadvantages are:
1, low cost performance: general guarantee and high price. Even some serious illness insurance on the market that claims many times does not have such expensive premiums.
2. The amount of compensation for minor illness is too small. Most critical illness insurance can reach more than 30%. The minor illness compensation ratio of Health Care C 1 is only 20%, which is really low.
The following is the junior edition.
Its highlights are:
1, the protection is quite comprehensive, and specific critical illness protection has been added. If you are unfortunate enough to suffer from a specific serious illness, the compensation rate you get is 120%.
2. Increase the specific serious illness of teenagers: If you unfortunately suffer from a specific illness of teenagers before the age of 30, and the disease also meets the serious illness, then you can get 200% coverage.
Disadvantages are:
1, low leverage: the longest payment can only be 20 years. If there is a longer payment method, you can increase the insurance leverage.
2. The proportion of minor illness compensation is low: the average proportion of minor illness compensation in many critical illness insurance in the market is 30%, and this compensation is 20%, which is slightly lower.
Generally speaking, the protection of this product is still quite sufficient.
However, the price is really high. The adult version costs 1 tens of thousands, which is not affordable for all families. Children's version or even 0-year-old children buy 500 thousand insurance coverage and pay 6400 yuan every year.
If you like this brand very much, you can consider buying it. Friends with low budget can read my book: Compare More.