Independent main insurance type: this kind of critical illness insurance includes two parts: death and major illness liability, which are independent of each other and have a single coverage. If the insured suffers from a serious illness, the insurance company will pay the critical illness insurance premium, and the death insurance premium will be zero. If the insured does not suffer from serious diseases, he shall pay death insurance money. For example, the insured purchased this independent main insurance type of critical illness insurance at a price of 6,543,800 yuan. In case of serious illness, the insurance premium for serious illness is 654.38+10,000 yuan; in case of no serious illness, the insurance premium for death is 654.38+10,000 yuan.
From the actuarial point of view, this kind of seriously ill products is easier to price, because only the incidence and mortality of major diseases need to be considered. But the judgment of major diseases should be more accurate. At the request of the China Insurance Regulatory Commission, the independent return critical illness insurance stopped selling at the end of 2006, and was replaced by a bundled combination plan with additional life insurance critical illness liability. Therefore, the independent main insurance critical illness insurance we see in the market belongs to consumer critical illness insurance, and the guarantee time is short. Generally 60 to 70 years old, the longer the time, the higher the corresponding premium will be. Mainly for young people with average economic conditions or policyholders who want low premiums and high security.
Proportional compensation type: this kind of critical illness insurance is mainly designed for the types of major diseases. For major diseases that occur frequently and cost a lot, the proportion of compensation is relatively high, such as 80%. The treatment cost of this disease is generally expensive, such as the average cost of malignant tumor can reach 80,000 ~ 65,438+10,000 yuan, the average treatment cost of stroke can reach more than 60,000 yuan, and other diseases such as paralysis, diabetes, blindness and liver disease.
For diseases with high cure rate or not very serious threat to life, the major diseases with less expenses pay relatively less, such as 20%. Major diseases such as heart valve replacement. Mainly consider the incidence, mortality and treatment cost of a major disease. Death protection remains unchanged. For example, if the insured buys this type of critical illness insurance, he will pay 80,000 yuan for serious illness (high incidence and high treatment cost) and 20,000 yuan for serious illness (low incidence and low treatment cost). If you are very healthy and don't receive any serious illness insurance, you will pay 654.38+ million death insurance.
In fact, this kind of critical illness insurance is basically the same as the independent main insurance. Some companies divide the critical illness insurance into three groups to make claims respectively, and the decisive factor depends on the economic strength and degree of protection of the insured.
Additional payment type: this kind of product is usually attached to life insurance, and the insurance liability also includes major illness and high disability. Its main feature is that such products have a definite life span, which refers to a period of time from the insured suffering from a major disease within the scope of protection to a certain moment determined by the insurer, usually 30 days, 60 days, 90 days, etc. If the insured dies or is disabled, the insured will pay the insurance money. If the insured suffers from a serious illness and dies before his death, the insurer pays death insurance money; If the insured suffers from a serious illness and survives beyond his life, the insurer will pay the serious illness insurance money, and then pay the death insurance money when the insured dies. The advantage of this product is that death protection has always existed and will not be reduced because of the payment of major illness protection.
This kind of critical illness insurance is characterized by its own insurance coverage and will not occupy the insurance coverage of life insurance. For example, the insured has purchased this kind of critical illness insurance, with life insurance coverage of 654.38+million and additional critical illness of 1.5 million; If the insured suffers from a serious illness, he will pay 6.5438+0.5 million, while the death insurance amount of life insurance remains unchanged, which is still 6.5438+0.5 million. If you are healthy, you will still pay 65,438+10,000 when you die. At present, the older the additional risk of critical illness insurance on the market, the higher the risk of critical illness insurance and the more the premium. And generally can only last until 65 years old, and some can last until 70 years old, but the price is quite high. Therefore, it is difficult for this kind of insurance to achieve the effect of lifelong protection, mainly to meet the requirements of low premium and high demand.
Advance payment type: the insurance liability of this kind of products includes serious illness, death or high disability, and the total insurance amount is death insurance, but it includes two parts: major illness and death insurance. If the insured suffers from a major disease listed in the policy, the insured can pay a certain percentage of death insurance money in advance for medical or surgical expenses. If the beneficiary dies, he will receive the remaining death insurance money. If the insured is not seriously ill, all the insurance money will be used as death protection.
It is a change to meet the needs of the insured to pay in advance for serious illness. In the history of health insurance development, critical illness insurance appeared relatively late. In the past, the insured bought life insurance, and life insurance only paid the insured amount when he died or was highly disabled. However, if the insured has a serious illness and the treatment technology is improving day by day, it does not necessarily mean death, and the cost of treatment for serious illness is also high. What does the insured need to do urgently? In order to solve this problem, insurance companies require the insured to pay a little premium on the basis of purchasing the main insurance, which makes life insurance include the risk of serious illness on the basis of protecting death and high disability. Then, the insured can get the insurance money in time when the serious illness is diagnosed and the money is most needed. Therefore, the "advance payment" of the additional advance payment for critical illness insurance is paid from the insured amount of the main insurance. If you are seriously ill and don't die, paying the insured in advance is called "paying in advance". It is precisely because it has no insurance coverage, so it uses the insurance coverage of the main insurance life insurance. Therefore, paying the premium for serious illness in advance is lower.
Compared with other critical illness insurance on the market at present, early payment of critical illness insurance is the mainstream form of critical illness insurance, with long guarantee time and flexible use of critical illness insurance coverage. But its disadvantage is that it may lose the insurance coverage of life insurance, which may make some parents who want to leave some legacy to the next generation unable to realize their wishes. So I suggest buying some life insurance as a supplement. For other policyholders, when there is a high incidence of diseases in their forties and fifties, life insurance can also be used to increase the protection of serious diseases in the form of additional serious diseases.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.