Many people are concerned about the million medical, that the million medical insurance is not only high coverage, but also unlimited types of diseases, a few hundred dollars a year, do not need to buy a critical illness insurance, but medical insurance and critical illness insurance belong to the health insurance in the two categories, although there is some overlap, but on the scope of coverage and the way to claim is still different.
One of the different attributes of the protection of critical illness insurance and medical insurance is to protect the health of people, but the two are still different, medical insurance is the cost of medical expenses incurred to reimbursement, while the critical illness insurance is aimed at critical illnesses, once the diagnosis of the insurance company will be a fixed amount of money, do not need to take a single document to the reimbursement.
Second, the coverage period is different medical insurance is generally short-term insurance, pay a year's premiums to protect a year, halfway if you are sick, the next year may not be able to successfully insured, there will be the possibility of the insurance company refuses to insure. Critical illness insurance can choose the coverage period, generally have years, years or even life-long critical illness insurance. The longer the period, the more stable the protection, do not have to worry about the insurance company refused to cover, if you suffer from minor illnesses can also be exempted from the premiums, the latter premiums borne by the insurance company.
Three, the value of life is different, whether it is medical insurance or medical insurance, are based on the treatment of the cost of compensation, there is no value of life, that is to say, there is no life insurance protection. But the critical illness insurance whether it is an early payment of critical illness insurance will include the responsibility of the death, a separate attached to the life insurance of the critical illness will also compensate for the death, is a more comprehensive protection. Million Medical is not a substitute for critical illness insurance, the two are complementary to each other, only with the purchase of a more comprehensive protection for themselves.
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