If it's life insurance, the order of purchase is critical illness insurance, medical insurance, accident insurance, life insurance, and financial insurance.
(Want to know the hidden lessons in the five major types of insurance?
Click: Which is good, how to buy cost-effective, hand to teach you to avoid these pits of insurance
?
Critical Illness Insurance: Critical Illness Insurance is a major illness insurance policy that covers a wide range of illnesses as long as they meet the conditions of the contract, such as malignant tumors, acute myocardial infarctions, and the aftermath of a stroke. The insurance company will pay out an indemnity. Critical illness insurance is essentially "loss of income insurance", and there is no limit to how much you can use the money to pay for treatment, mortgage repayments, children's education and so on.
Image source: Scholars Talk Insurance
Medical insurance: This refers to insurance that pays for agreed medical expenses. If you are sick and hospitalized, you can be reimbursed for outpatient, hospitalization, and surgical fees incurred in the hospitalization process.
There are two types: national health insurance and commercial health insurance.
The national health insurance is the basic welfare given to each of the country, it is recommended that everyone who wants to participate in a better and more comprehensive, or want to reimbursement of out-of-pocket expenses, imported drugs, you can supplement the commercial medical insurance, especially for the elderly and children, the risk of disease and accidents is higher, more attention should be paid to the medical care of the protection.
Accident insurance: refers to when the insured person suffered an accident, resulting in death, disability or incurring treatment costs, you can get an accident insurance to obtain a sum of compensation, reimbursement of medical expenses, hospitalization allowances, such as the annual premium of about 300, you can buy 1 million coverage. For the elderly and children to insure, focus on the accidental medical part, mainly including accidental outpatient, accidental hospitalization medical treatment.
Life insurance: Life insurance is very simple, death will be able to get a payout, including due to disease or accidental death, natural death, sudden death.
Family breadwinners are recommended to buy a term life insurance, spend very little money each year, you can pass the risk of loss of income due to death to the insurance company, for the average family, more suitable for the purchase of term life insurance.
Participating insurance, pension insurance, education fund are financial insurance, it is recommended to configure a good protection insurance, if there is still a remaining long-term idle funds, to consider financial insurance. Because of the financial insurance to return to the capital for a long time, while the disease and accident is uncontrollable, unfortunately, when you need money to cure the disease, may financial insurance has not returned to the capital.
It's not easy to knock on words, if it helps you, you can help to point to the adoption! Thanks.