Long-term health insurance refers to the health insurance that the insurance period exceeds one year or the insurance period does not exceed one year, but contains the guarantee renewal clause. The guarantee renewal clause refers to the contractual agreement that the insurance company must continue to underwrite the insurance according to the original clause and the agreed rate before the expiration of the previous insurance period. The insurance period of long-term care insurance shall not be less than 5 years.
Short-term health insurance refers to health insurance with a term of one year or less and no guarantee renewal clause.
Health insurance refers to the insurance paid by insurance companies to the insured for health reasons or medical behaviors, mainly including medical insurance, sickness insurance, disability income loss insurance, nursing insurance and medical accident insurance.
Medical insurance refers to the insurance that provides protection for the medical treatment and rehabilitation of the insured according to the insurance contract. The general insurance period of this kind of insurance products is one year, usually five years is a guarantee renewal period.
Sickness insurance refers to the insurance that provides protection for the insured in the event of diseases agreed in the insurance contract. There are one-year and long-term insurance products, such as one-year critical illness insurance, lifelong critical illness insurance, or a certain number of years of critical illness insurance (guaranteed to 70 or 80 years old).
Disability income loss insurance refers to the insurance that pays insurance benefits on the condition that the illness or accidental injury agreed in the insurance contract leads to the loss of labor ability, and provides protection for the insured's income reduction or interruption in a certain period of time.
Nursing insurance refers to the insurance that provides protection for the nursing needs caused by the loss of daily living ability of the insured according to the insurance contract. This kind of insurance is generally a long-term health insurance product.
Medical accident injury insurance refers to the insurance that provides protection for the insured in the event of medical damage that cannot be attributed to medical institutions and medical personnel according to the insurance contract. This kind of insurance is generally a short-term health insurance product.