Worry-free Health B is a critical illness insurance introduced by Xinhua Life Insurance Company about two or three years ago. Worry-free health B is slightly different from the critical illness insurance in the market because it has a return function, that is, the premiums paid in these years will be returned to the insured after the expiration of the protection period. The reason why the premium can be refunded is because it is essentially composed of an old-age security and a critical illness insurance. To put it bluntly, Worry-Free Health B is a combined insurance. Old-age security has the function of returning dividends, and critical illness insurance is responsible for protecting the health of the insured.
Worry-free health B-type critical illness insurance coverage 15 minor diseases and 60 major diseases. The minor illness is paid first, and 20% of the insured amount is paid, and the total insured amount is not affected. In case of serious illness, as long as it is diagnosed and within the scope of the contract, you can get full insurance coverage. If the insured does not suffer from illness or other risks during the guarantee period, the full premium can be returned at the expiration of the guarantee period.
There are three different payment periods when applying for insurance: 5 years, 10 years and 20 years. For men aged 44 and above, the payment period is only 5 years and 10 years respectively. Women will not encounter this situation until they are over 50 years old. This is because at this age, people will enter a period of high incidence of diseases, and insurance companies will bear huge economic risks. For the insured, the shorter the payment period, the higher the annual fee.
In terms of guarantee period, Worry-Free Health B provides customers with two different choices. You can choose to protect it for 20 or 30 years, or you can choose to protect it until you are 70 or 80 years old.