But in the process of purchasing products, eager to buy protection for their children and lack of knowledge of the insurance of the parents will often encounter a lot of "pit", resulting in not only expensive premiums, the baby did not get a comprehensive protection.
How to buy the "right" insurance for your child? Today, we will have a good chat with all the parents about how to configure insurance for their children.
1, which insurance is necessary for children?
There are so many insurance policies out there, do you need to buy them for your child? Of course not.
On the types and order of insurance for children, you can see the following chart ↓
First of all, the first to buy social security, the child should go to the community as soon as possible after the birth of social security.
It is very simple, bring the birth certificate, family register, ID card to the community of social security services point (each area may be different procedures) to fill out the appropriate form, and then go to the Social Security Administration website to apply online, and then go to the bank to pay the fee, and then you can sit down and wait ah.
Some commercial medical insurance premiums are much cheaper than those for those without social security at the same age, so it is important to remember to get social security before allocating commercial insurance for your child.
Accident insurance | Small cost for big risks
Why buy?
Children are very curious, safety awareness is extremely weak, a little careless moths may be accidentally injured, may bring a small amount of medical expenses, if unfortunately suffered serious injuries such as disability, death, etc., the consequences are even more unimaginable. The first thing you need to do is to get a good deal of money to pay for the work you do.
On the one hand, accidental medical insurance can be reimbursed for the cost of medical treatment after an accident, and if you are unfortunate enough to be disabled accidental injury insurance (in line with the contractual insurance responsibility), you can get a lump sum payment for the subsequent life more protection.
How to choose?
When purchasing accident insurance for your child, it is important to remember not to exceed the maximum indemnity amount stipulated by the CBI.
For example, for children under the age of 10, the maximum amount of accident insurance coverage for death risk should not exceed 200,000 dollars.
Additionally, we should focus on whether the accidental medical coverage is sufficient, after all, the vast majority of cases, are small bumps and bruises. An accident requires outpatient emergency or hospitalization, and here you need accidental medical care to protect.
Some products are only covered by the social security system, while others are not limited to the scope of the social security medication catalog, so the latter is definitely better.
Medicare | Medical Reimbursement
Why buy?
After six months of life the child's resistance will continue to decline, often colds and fevers or even pneumonia, but also because of the gradual roll over and crawl within a year, accidental falls from the cot, and even some major illnesses hospitalized.
Medical insurance reimburses necessary and reasonable medical expenses incurred in the event of an accident or illness, and the most common types of medical insurance are Million Dollar Medical and Micro Medical.
Million-dollar medical insurance, which covers millions of dollars but usually reimburses more than $10,000, is mainly used to cope with high medical risks;
Micro-medical insurance has a low starting claim line, and the amount of coverage is usually around $10,000-$100,000, which can be used as a short-term transition when the budget is very small, or paired with million-dollar medical insurance, which can be used to fill a $10,000 deductible.
How to choose?
Multi-million dollar medical insurance, like multi-million dollar medical for adults, is all about product stability. This $10,000 deductible is a product that either can't be used, or if it is, it's a life saver.
Preferred unlimited reimbursement of the scope of the catalog of social security drugs, the formation of a strong expansion of health insurance; at the same time in the protection of the preferred general medical insurance + malignant tumors / specific critical illnesses of the amount of coverage;
PS: about special needs medical, you can pay attention to it. After all, the child is sick, on the one hand, you need parents to stay with the bed without leaving; on the other hand, the child's condition changes rapidly, and may not be able to afford to wait in line. Therefore, the special needs department has the expert resources, medical equipment, medical environment, are more suitable for children as a group.
Small medical insurance selection is relatively simple, mainly to see the hospitalization medical reimbursement conditions, prefer low deductible, high reimbursement rate, and social security coverage inside and outside the scope of the reimbursement of the product.
Critical Illness Insurance | Compensating for Critical Illnesses
Why Buy?
Critical illness insurance can make a diagnosis, the money can not only be used for the child's treatment, but also to pay for follow-up care costs, to make up for the financial loss caused by the parents' suspension of work, and so on, which can be considered a relief.
How to pick?
When choosing children's critical illness insurance, you mainly need to focus on the differences between it and adult critical illness insurance.
One is that children's high incidence of disease is different from that of adults; the other is that with a certain budget, adequate coverage is more important than the duration of coverage. So low budget or basic version, will be configured term critical illness insurance; adequate version, on top of this supplement whole life critical illness.
Insurance classroom notes:
Different age groups of children, the risks they face are actually still different, for example, before the age of 1 year old, almost every moment there is an adult to look after the child, the probability of accidents, such as pet bites, falls and other accidents is still relatively small, then the need for accident insurance is naturally not so strong.
Once a child learns to walk and has the ability to explore the world independently, and self-protection is still very much lacking, it's easy for them to get into all sorts of unexpected situations. For example, falls, cat and dog bites and so on. So, after this age, the priority of accident insurance is also raised.
Similar to accidents, the risk of illness can also be somewhat correlated with age.
For example, the highest prevalence of Kawasaki disease is in children from 6 months to 2 years old, 80% of patients are younger than 4 years old, and it's very rare to see them over 8 years old, and even less in adults.
So, when buying insurance for your child, it's especially important to look out for risks that are high at your child's current age and beyond.