1. General medical insurance
General medical insurance provides the insured with general medical expenses related to the treatment of illnesses. It mainly covers outpatient expenses, medicine and examination costs. This type of insurance has a lower premium cost and is more applicable to the general public. Because of the difficulty in controlling expenditures for medicine and examination costs, this type of policy generally has a deductible and cost-sharing provision, whereby the insurer pays a certain percentage of the portion above the deductible, and the cost of insurance is set once a year. The insurer is no longer responsible for expenses incurred for each illness that cumulatively exceed the insured amount.
2. Hospitalization Insurance
Hospitalization expenses are covered as a separate insurance policy since the costs incurred for hospitalization are often high. The main cost items covered by hospitalization insurance are daily hospital fees (bed charges), the cost of utilizing hospital equipment, surgical fees, and medical fees. The length of the hospitalization period will have a direct impact on its cost, so the amount of this insurance should be based on the patient's average hospitalization cost. In order to control unnecessarily long hospitalization, hospitalization insurance generally stipulates that the insurer is only responsible for a certain percentage of all costs, not all of them.
3. Surgical insurance
This type of insurance provides for all costs incurred by a patient who needs to undergo a necessary surgery.
4. Comprehensive medical insurance
Comprehensive medical insurance is a comprehensive medical expense insurance provided by the insurer for the insured, which covers all expenses incurred for medical treatment and hospitalization, surgery etc. This type of policy has a higher premium. A low deductible is generally established along with an appropriate sharing ratio.
5. Specialty Disease Insurance
Certain specialty diseases often bring catastrophic cost payments to the patient, which are difficult for the average residential family to bear. Examples include cancer, heart disease, etc. Therefore, people usually require such policies to have a relatively large sum insured to be sufficient to cover the various expenses incurred by them. The major diseases for which coverage is provided to policyholders can be single, such as malignant tumors, or even certain types of cancers among malignant tumors; or multiple, listing several agreed major diseases, such as malignant tumors, myocardial infarction, uremic poisoning, vital organ transplantation, tetraplegia, cerebral stroke and coronary artery bypass grafting surgery, and so on. Once the insured person is diagnosed with the major diseases stipulated in the policy by a certain level of hospital after 180 days from the effective date of the policy, he/she can apply to the insurance company for a full payment of the insured amount, and the insurance responsibility will be terminated immediately.
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