The Difference Between Health Insurance, Medical Insurance and Critical Illness Insurance

Medical insurance and critical illness insurance are two categories that belong to health insurance, in addition to disability insurance and nursing care insurance. For more information on the difference between medical insurance and critical illness insurance, please refer to the article "The Difference Between Million Dollar Medical Insurance and Critical Illness Insurance, Which One Should I Buy?

1. Medical insurance

It is also commonly referred to as medical insurance, such as million-dollar medical insurance, cancer medical insurance and high-end medical insurance.

It is an insurance that provides coverage for the medical expenses incurred during the period of the insured person's introduction to the medical treatment by paying for the occurrence of the medical acts agreed upon in the insurance contract.

2. Sickness insurance

Sickness insurance generally refers to major disease insurance, mainly for some specific major diseases and insurance designed. When the insured person suffers from some specific diseases, he/she can get a one-time high compensation from the insurance company.

3. Incapacity insurance

The insurance that provides protection for the insured against reduction or interruption of income for a certain period of time under the condition that the insurance benefit is paid for the loss of the ability to work due to an agreed disease or accidental injury.

4. Nursing care insurance

Nursing care insurance refers to the insurance that provides coverage for the insured's nursing care expenses under the condition of paying benefits for nursing care arising from an agreed impairment of the ability to perform daily life.