You must read the insurance policy carefully, because different insurance companies provide different kinds of major illness protection. Some diseases usually covered include:
cancer
stroke
heart disease
renal failure
Major organ transplantation
multiple sclerosis
Do you need critical illness insurance?
When considering whether you need critical illness insurance, you should consider many factors, such as:
If you have one of the insurance diseases, can you support yourself or your dependents?
Does your employee welfare plan provide protection for work due to illness?
If you are already suffering from a serious illness, it is meaningless to buy critical illness insurance, because the diseases you have already suffered before insurance will not be guaranteed. If you seek medical treatment for a health problem that later becomes serious, or if you have received a disease test, you may be denied insurance. Therefore, when you apply for critical illness insurance, you must disclose relevant information in detail and accurately.
Matters needing attention
Before purchasing critical illness insurance, remember:
Critical illness insurance only covers certain diseases. No monetary compensation will be given to those who lose their ability to work due to other diseases.
Because the coverage of serious illness is different, you must read the insurance policy carefully, carefully check the exclusions, and pay attention to some diseases that are no longer covered after a certain age.
The coverage period of critical illness insurance is usually longer, generally more than 10 years. Insurance companies can charge a uniform premium rate during the whole payment period, but they also have the right to review and adjust the premium rate from time to time.
The coverage period of critical illness insurance is usually longer, generally more than 10 years. Insurance companies can charge a uniform premium rate during the whole payment period, but they also have the right to review and adjust the premium rate from time to time.
Although most critical illness insurance policies cover cancer and heart disease, you will not automatically get compensation for each cancer or heart disease. Compensation in this respect depends on the definition of various dangerous diseases in the policy. Please check with the insurance company to ensure that you understand the coverage and exclusions.
In addition to one-time cash compensation, some insurance companies also provide alternative critical illness insurance, which directly pays medical providers the treatment expenses of the insured diseases, including the expenses of specialties and medical procedures, according to the limit of each course of treatment stipulated in the policy. Please check with the insurance company whether the insurance policy you are interested in buying provides this alternative form of insurance.