Ping An Fu 2018, Taikang 100%.
To put it simply, it is a critical illness insurance with an insured amount of RMB 500,000. If you live to the age of 90 without getting sick, you will receive a compensation of RMB 500,000 even if you die of natural causes.
There are currently many traditional whole-life critical illness insurance products, such as the common Ping An Fu, Taikang 100%, Pacific Jinyou Life, China Life Kangning, PICC Fu, etc.
Ping An Fu 2018: whole life insurance + additional Ping An Fu early payment critical illness insurance.
Taikang 100%: Products such as Health 100% C critical illness insurance can obtain 100% of the insured amount no matter what, so the prices of these products are not cheap.
For a 30-year-old male, the insured amount is RMB 500,000 for life, and the annual premium is between RMB 11,000 and 16,000.
In addition, there is also a product that does not include death liability, focuses only on disease protection, and has no life insurance liability. We can call this type of product "consumer pure critical illness insurance."
This type of product removes the protection of life insurance, and you can also choose to only insure for a certain period of time, such as only until the age of 70 or 80, so the annual premium can be very, very low.
For a 30-year-old male, the insured amount is RMB 500,000, and the premium is paid for 30 years until the age of 70. The annual premium is about 3,000-4,000 yuan, which is less than traditional products.
Common products include: Hongkang Health Life A, Centenary Health Insurance, Fuxing United Health Life Insurance, Sunshine i Insurance, etc.
So you can choose traditional critical illness insurance according to your budget and preferences, or you can choose consumer critical illness insurance that is more flexible and has lower premiums. There is no right or wrong distinction between these two types of products. Everyone needs to look at them based on their own needs and choose according to their needs.