Although the million medical insurance is comprehensive, it is medical insurance after all, and the guarantee period is limited; In order to meet the needs of more consumers, there are also many millions of medical insurance policies in the market that guarantee renewal. So what does it mean to guarantee millions of medical insurance for 20 years? Will the million-dollar medical insurance guaranteed to be renewed for 20 years be paid after one year?
1. What do you mean by "one million medical insurance" that guarantees renewal for 20 years?
A million-dollar medical insurance that guarantees renewal for 20 years means that after consumers apply for this policy, they can guarantee renewal within 20 years without going through regular renewal audit, and the insured can guarantee normal renewal within the specified number of years.
One-million medical insurance policy pays one year, and the regular policy is to re-examine the applicant's situation when renewing the insurance, such as whether the age is within the scope of insurance, whether there are obvious abnormalities in physical health, and so on; Compared with the policy that does not guarantee renewal, the biggest advantage of the policy that guarantees renewal is that it ensures the stability of policy protection and can give the insured a long-term protection.
Second, can you still pay for the million-dollar medical insurance that has been insured for 20 years after one year?
It is usually possible;
There is no limit on the number of claims in the million medical insurance itself. When the relevant conditions meet the claim requirements during the guarantee period, you can apply for reimbursement.
However, it should be noted that some policies that guarantee renewal have an upper limit on the total amount of claims. For example, the upper limit of claims is 6 million, which means that during the guarantee renewal period, after the insured applies for more than 6 million claims, the insurance company will no longer pay. This is a way for insurance companies to avoid risks. You should look carefully when you apply for insurance.
Third, to ensure that the renewal of millions of medical insurance for 20 years can be stopped?
Yes;
The renewal of million medical insurance only means that the insured does not need to undergo strict examination during the renewal period, and does not mean that the insurance needs to be renewed for 20 years.
Even if it is a million-dollar medical insurance with a guaranteed renewal for 20 years, its essence is to pay one year after another. During the guarantee renewal period, the insured can renew the insurance if there is demand, and can not renew the insurance if there is no demand, and there is no need to go through the formalities of stopping the insurance separately.
It should be noted that after the renewal policy is suspended, if you want to get the relevant protection again, you often need to re-insure and re-examine, so I suggest you make a decision after careful consideration.
The above is about the meaning of the million medical insurance that guarantees the renewal of insurance for 20 years and the explanation of the relevant insurance policies; Whether it is a million-dollar medical insurance that guarantees renewal or not, there will be certain advantages and disadvantages. How to choose depends on which aspect of protection everyone pays more attention to.