China Life Insurance is the latest critical illness insurance product of China Life Insurance. Once the product was listed, it became an important flagship product of China Life. As a celebration product of China Life's marketing for 20 years, China Life has been upgraded many times since its listing, guaranteeing 80 kinds of serious diseases +20 kinds of minor diseases+death+high disability+exemption, and has become a highly competitive product in the market. No matter from which angle, China Life will become the trump card product in the future market.
Second, China Life's upgraded product introduction
Who can guarantee: 0 -60 years old (Life Edition); 18 -60 years old (normal version); 28 days after birth-17 years old (children's edition)
How to guarantee: 10 years, 20 years payment.
How long is the guarantee: life; To 60/70/80 years old (regular version)
Waiting period: 180 days
Protect what:
1, 80 kinds of serious diseases: divided into 50 kinds of serious diseases +30 kinds of serious diseases. There are two ways of insurance and claim settlement.
(1) New customers: one contract covers 50 kinds of serious diseases and 30 kinds of minor diseases. Then, if 30 kinds of serious diseases are out of danger first and 50 kinds of serious diseases continue to be effective, you can get a maximum of 200% insurance compensation; If 50 kinds of serious diseases go out first, 30 kinds of serious diseases will be terminated as additional risks at the same time, and the insured amount of 100% will be paid.
(2) Old customers: 50 kinds of serious diseases are insured first, and then 30 kinds of serious diseases are additionally insured. Then 50 serious diseases and 30 serious diseases are the main risks respectively. No matter which one claims first, it will not affect the renewal and claim settlement of the other main insurance, with a maximum payment of 200%.
2.20 kinds of mild diseases: as above, it is divided into 10 kinds of mild diseases+10 kinds of mild diseases, and each claim is 20% of the insured amount (each claim is limited to 654.38+10,000 yuan), and the claim can be made twice at most.
3. Death:/kloc-return the paid premium under 0/8 years old,/kloc-loss over 0/8 years old 100% insured amount.
4. High disability: pay 100% of the insured amount.
5. 15 kinds of children-specific diseases: extra compensation 100% of the insured amount. (Guaranteed to be 30 years old)
6. Exemption of premium for children's diseases: If the insured suffers from 15 children's specific diseases, the remaining unpaid premium will be exempted, and other guarantees will continue to be effective. (children's edition)
7. The insured is exempt from paying the premium: during the payment period, if the insured dies, is seriously disabled or seriously ill, the remaining unpaid premium will be exempted and the guarantee will remain unchanged.
Third, the product advantage analysis:
1. There are more than 100 kinds of severe diseases and mild diseases: the combination of 80 kinds of severe diseases and 20 kinds of mild diseases. These diseases cover many real diseases, such as severe cardiomyopathy, severe rheumatoid arthritis, severe coronary heart disease and cancer in situ. In addition, 15 kinds of children-specific diseases are added for children, and the maximum guarantee is 1 15 kinds of diseases. The scope of protection is wide and the market is rare.
2. Serious illness and mild illness can be compensated up to 4 times, with 240% guarantee: 80 kinds of serious illness +20 kinds of mild illness consist of 50 kinds of serious illness+10 and 30 kinds of serious illness+10, and different insurance methods can compensate at least 120% guarantee and 240% guarantee.
3. Independent protection for minor illness and serious illness: paying for minor illness alone does not affect the protection of major illness and main insurance, and the independent protection is higher.
4. Extra payment for 15 kinds of children-specific diseases: If China Life Insurance Children's Edition is insured,15 kinds of children-specific diseases are extra payment. No matter which one claims first, it will not affect other claims. At least 220% of the insured amount can be paid, and the highest can be paid 340%.
5. Children's disease premium exemption: the product comes with children 15 kinds of children's specific disease premium exemption function.
6. Add premium exemption for the insured: When the insured and the insured are not the same person, the premium exemption function can be added for the insured's death, high disability and serious illness.
What is immunity? During the payment period, if the insured or the insured has an accident agreed in the contract, the remaining unpaid premium will be exempted, and the guarantee content of the contract will continue to be valid. If the father insured the baby with child insurance, plus the death exemption of the insured, the payment period is 20 years. After the second installment was paid, my father died unfortunately, so the remaining 18 premium was not paid, and the child's protection continued to be effective. This is the humanistic care clause of the insurance company.
7. The scale of the company is large: China Life ranked 54th among the Fortune Global 500 companies in 20 16, and ranked 12 among the top 500 Chinese enterprises, with branches and service outlets all over the country, providing fast and good claims settlement services.
Fourth, product disadvantage analysis:
1, long waiting period: Compared with the 90-day waiting period of many products on the market, the waiting period of China Life 180 days is not dominant.
(What is the waiting period? Critical illness insurance generally has a waiting period. After the contract comes into effect, only the premium is returned during the waiting period, and the insured amount is generally paid after the waiting period, so the shorter the waiting period, the better for consumers. )
2. No minor illness exemption: As mentioned above, premium exemption is a personal guarantee of insurance companies. Compared with the situation that "self-contained minor illness exemption" is common in the current market, China Life has no minor illness exemption clause for both the insured and the insured. However, you can ask for an additional slight exemption when you apply for insurance.
3. There is no premium exemption for the adult insured: China Life has only premium exemption for children's version of the insured, but the protection for the adult insured in this respect is lacking.
Tips for verbs (abbreviation for verb):
Customers can choose to use Ruyi to insure China Life Insurance and 30 men use Ruyi to insure China Life Insurance. There are 2 million aviation accidents, self-driving/traffic accidents1.20 thousand, general accidents 1.60 thousand, accidental hospitalization1.6 yuan/day, and death/high disability/illness will be returned upon expiration, which is guaranteed for 30 years.
China Life Insurance+wishful company, accident+serious illness, guaranteed upgrade, and greatly increased its value.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.