Regularly updated every month, the list of the most cost-effective insurance products on the whole network, please click on the favorites to collect good! Configuration of commercial insurance, every adult with family responsibilities can consider four basic types of insurance: critical illness insurance + medical insurance + accident insurance + term life insurance. What are some good recommendations for critical illness insurance, I just happened to organize the relevant content, I hope it will help you: the latest list! Ranking of popular critical illness insurance policies from national insurance companies!
If you want to know the latest product introduction, you can refer to:
Deep Blue Insurance: Adult Critical Illness Insurance Ranking, updated in real time every month! Deep Blue Insurance: Children's Critical Illness Insurance Ranking List, updated in real time every month! DeepBlue：Million medical insurance, small medical insurance ranking list, monthly real-time update! DeepBlue: Top accident insurance policies for adults, children and seniors, updated monthly! Shamrock: Term life insurance ranking list, updated in real time every month!But teaching a man to fish is better than teaching him to fish, and this article will also teach you the basics of each type of insurance and how to choose.
The article is long and will introduce the major types of insurance in turn; at the end of each type of insurance, there will be the most complete, more in-depth interpretation of the 10,000-word popular science article.
Make sure you bookmark this article, so you can turn to it anytime, anywhere to learn, and no longer be an insurance buff!
If you want professional advice that is more suitable for you, you can directly approach me for free consultation; I will give you the most suitable practical advice based on your actual situation with my many years of experience: I. Critical Illness Insurance
The principle of Critical Illness Insurance is that when you suffer from a contractually agreed disease, the insurance company pays out a large sum of money.
The essence of this is "loss of income insurance", which is more useful in making up for the financial losses during the period of illness, such as living expenses and rehabilitation costs.
But critical illness insurance is so complex that nine times out of ten the average person gets it wrong!
The next step is to teach you how to choose a critical illness insurance policy in five steps.
The first step is: does it cover death?
Based on whether or not it covers death, critical illness insurance can simply be categorized into "savings-type critical illness" and "consumer-type critical illness".
Savings-based Critical Illness: A life insurance policy with a death benefit. For example, if you have a 500,000 dollar policy, even if you don't suffer from a serious illness in your life, you can still get 500,000 dollars in compensation after your natural death.
People will die, this type of product will get 100% of the sum insured no matter what, so it can be simply understood as a savings type, the premiums are not spent, and ultimately the savings appreciate.
Because of this, these products will be very expensive, such as the common Ping An Fu, Guoshuifu and so on.
Consumer Critical Illness: There is no death liability, but simply a disease protection function.
If we don't suffer from a serious illness in our lifetime, the premiums we pay will be equivalent to consumption.
This type of product will be very cheap because of the removal of life insurance coverage.
Summary: Personally, I think that consumer-type critical illness is cheap and very cost-effective, suitable for more than 90% of ordinary families.
Buying insurance is a kind of consumer behavior, since the enjoyment of the protection, paying premiums is a matter of course.
It's like when you hire a bodyguard, you can't stop paying because the bodyguard doesn't have a chance to stop bullets for you.
Of course, there's no good or bad right or wrong in these two categories, so you can choose as needed based on your budget and preferences.
Step 2: What does critical illness insurance cover?Through the first step, we know roughly the type of insurance we want to choose;
either it is the "death + critical illness" savings-type critical illness insurance, or it is the consumer-type critical illness.
What does critical illness insurance cover, other than death?
Critical illness insurance is mainly divided into two categories: "critical illness" and "minor illness", and some products also have moderate illness.
Critical illnesses: life-threatening illnesses that cost a lot of money to treatMinor illnesses: not life-threatening illnesses that don't cost a lot of money
In 2007, the Insurance Industry Association (IIA) standardized the use of definitions of illnesses for critical illness insurance.
So whether it's 80 types of critical illnesses or 100 types of critical illnesses, the definition of the first 25 types of illnesses is the same for all insurance companies.
These statutory 25 critical illnesses account for about 95 percent of all critical illness insurance claims, and can be considered the core of the core.
So it's not a simple matter of understanding that the more types of illnesses covered by a critical illness insurance policy, the better.
But unlike Critical Illness, there is no standardized coverage for minor ailments, which can vary greatly from company to company.
So be sure to focus on whether it contains a high incidence of minor illnesses, especially mild stroke and atypical myocardial infarction.
For those who want to know more, you can refer to my article:
Deep Blue Insurance: The Latest Critical Illness Insurance Diseases Detailed Explanation, Why Covering 100 Types of Diseases is Not Necessarily Better Than 80 Types of Diseases?
The third step: how to pay for critical illness insurance?
Critical illness insurance can be said to be one of the most widely circulated sales misinformation in the insurance industry.
Critical illness insurance is not a matter of confirming the diagnosis of a serious illness, but of meeting the contractual requirements!
The previous 25 kinds of critical illnesses can be analyzed, basically can be divided into 3 categories:
Diagnosed that is compensated: 3 kinds of implementation of a certain kind of surgery in order to pay: 5 kinds of a certain kind of state in order to pay: 17 kinds of the fourth step: to return to the capital or not?Many friends in the purchase of critical illness insurance, will simply think to the return of premium insurance will be better.
The reason is very simple, the insurance company to give money for nothing, only brain dead do not want ....
Below I take Tian An love guardian as an example, to see the additional return and no return in the end what is the difference:
You can see, choose to return at different ages, the premium difference is very big.
If you want to return at age 66, you'll have to pay $6,550 more in annual premiums than if you don't, which translates to a 52 percent increase.
Simply calculated, the annual investment of 6,550 yuan, a **** invested 20 years, 36 years after the principal and interest and 380,000, the average annual rate of return is about 4%.
There is no free lunch under the sky, the essence of return type critical illness insurance is:
We pay a large amount of extra premiums, and then the insurance company takes it and invests it, and then returns some of it to us after a few decades, and the return is not high.
So I would recommend consumer critical illness insurance. For young people, you can get 500,000 dollars of coverage for only three or four thousand, which will help us resist the financial risk that a major illness brings to the family.
Step 5: How much coverage to choose?I've always emphasized the idea that buying critical illness insurance is all about the amount of coverage.
Because the essence of critical illness insurance is income compensation, it simply doesn't make sense to have too low a sum assured.
Here are the claims data released by some insurance companies in the first half of 2019:
Imagine what is the point of buying more than 100,000 yuan of critical illness insurance in today's soaring prices.
I would suggest that a critical illness insurance policy start at 300,000 dollars, 500,000 dollars standard, 1 million dollars not much.
If you don't have enough budget and feel pressured to buy a higher coverage, there are several ways to do it:
Consumer Critical Illness Insurance: Consumer Critical Illness Insurance does not have the responsibility of life insurance, etc., and the premiums will be very lowShortening the period of coverage: You can choose to insure up to 60 or 70 years old, so the premiums will be substantially reduced; Increasing the number of years of payment: Extend the number of years of payment, and the pressure every year will be less; Choosing a one year Critical Illness InsuranceThe amount of coverage for critical illness insurance is very important, so don't sacrifice coverage for the pursuit of large companies, multiple payouts, and premium refunds.
If you want to know more about critical illness insurance, I recommend you to read another article of mine. This is the most complete science of critical illness insurance I spent half a month to write down, almost all of your questions about critical illness insurance are written in it! I've compiled all the highly praised highlights of critical illness insurance that I've answered in Zhihu, to help you build a systematic understanding of critical illness insurance.
Deep Blue Insurance: After answering thousands of questions, I've summarized the most comprehensive coverage of critical illness insurance on the web!If you want to know what specific critical illness insurance products are worth buying, you can also click on the link below, I have selected a cost-effective products, critical illness additional benefits 60% of the sum insured, the total number of claims up to 9 times, the price is as low as one or two hundred dollars / month:
Second, medical insuranceMedical insurance has a national health insurance and commercial medical insurance.
The national health insurance is recommended for everyone, and the wool given by the government must be gripped.
But only by the national health insurance is not enough, if a certain medical cost is an inverted triangle.
With the following chart, we can clearly see the inadequacy of the national health insurance:
Medicare not only has a starting line (less than a certain amount will not be reported), but also a reimbursement ceiling (annual reimbursement limit exists);
What's more, for a lot of life-saving potent and imported medicines medicare can not be reimbursed.
This is due to the nature of the health insurance program as a "broad coverage, low protection" program, and there is no way around it.
If you are suffering from a disease, you may have the following three needs:
Can reimburse the national health insurance can not be reimbursed part of the hope to get a better special wards, specialist surgery social security is not in the local area, can not be carried out on the other side of the medical treatmentThis time, commercial medical insurance is the right choice.
See here, is not wondering what are the good products on the market? I have selected a few cost-effective, comprehensive coverage of millions of medical insurance, interested friends can click to understand:
First step: medical insurance, what are insured?There is a wide variety of medical insurance on the market, and before you take out a policy, you must know what medical insurance will cover.
1, insurance what hospital:
Each medical insurance to their own hospitals have a strict definition:
Public hospitals: most of the ordinary people to go to the hospital, is set up by the state, supervised by the Ministry of Health;
Special needs department / International Department: although in public hospitals, but you can enjoy a better service, the price is very high;
Private hospitals: many private hospitals are also popular, such as pediatric private hospitals.
So when you buy insurance, be clear about what type of hospital you can be reimbursed at.
In China, the vast majority of general medical insurance policies can only reimburse public hospitals;
Only mid-range and high-end medical insurance policies can reimburse the Special Needs or International Departments, as well as expensive private hospitals.
2, what is insured:
There are only two kinds of hospital visits: outpatient and inpatient.
Outpatient liability: outpatient costs are generally not too high, and the chances of use;
So outpatient medical insurance is relatively small, and not very meaningful.
Hospitalization liability: Compared to outpatient, huge hospitalization expenses are what we are concerned about;
So it is very important to buy a hospitalization medical insurance that suits your needs!
Step 2: Medical insurance, how much can you claim?Above we know how medical insurance reimbursement, here we look at the question of how much money can be reported:
I sorted out, with the money related to the following items:
1, the amount of coverage
The amount of coverage is very easy to understand, that is, the maximum amount of money that can be reimbursed.
In fact, in public hospitals, even if it is a serious illness a year, the highest treatment cost is about a million;
The amount of insurance is even higher, perhaps only for marketing purposes, the actual meaning is not great.
So you can't simply assume that the higher the coverage, the better.
2. Deductibles
The average person only looks at the amount of coverage, but the deductible is actually the focus of the insurance company.
The lower the deductible, the easier it is to claim, which is very practical.
But products with low deductibles tend to have more expensive premiums; they are also highly unstable and have a high chance of being discontinued.
And the current market popularity of million medical insurance, it is because of the 10,000 deductible, can filter out most of the claims;
So people only need to spend a few hundred dollars in premiums, you can buy a few million dollars of coverage.
So you can't simply assume that the lower the deductible is necessarily better, you have to look at it in the context of the specifics of the product.
3, reimbursement
Like medical insurance, there are two types of reimbursement for commercial medical insurance:
Medical insurance catalog scope: only in the medical insurance catalog of the cost can be reimbursed;
Not limited to medical insurance catalog: even if it is not in the scope of the medical insurance, you can be reimbursed;
4, reimbursement rate
This is also important, some products can only be partially reimbursed, some can only be partially reimbursed. Some products can only be partially reimbursed, and some can be reimbursed 100%.
Taking the following product as an example, you can see that the reimbursement is not limited to inside and outside the social security, the reimbursement rate of 100%.
Summary: When selecting a product, we need to pay attention to the amount of coverage, deductible, reimbursement scope, reimbursement ratio;
These four points are directly related to how much we can report, but also the key information of a product.
Step 3: What do you need?After understanding the principles of insurance, before taking out a policy, you must ask yourself the question, what problem do I want to solve through health insurance?
Medical insurance generally has the following three categories:
Classification 1: low coverage, low deductible
Product features: this type of product coverage is relatively low, usually just a few tens of thousands; but the deductible is also low, outpatient or hospitalization basically reimbursement. Applicable people: this kind of product claim probability is very high, can buy a year is a year; only is the medical insurance supplement, solve the problem of small medical risk.Classification 2: high coverage, high deductible
Product features: This is a popular high-cost hospitalization medical insurance in the market, the general coverage is a million to start with; but the deductible is often thousands of tens of thousands. Applicable people: High coverage is a lifesaver when we suffer from serious illnesses, so it's suitable for everyone.Category 3: other medical insurance
High-end medical insurance: if you want to go to the special needs department of public hospitals and private hospitals, you can choose high-end medical insurance; overseas medical insurance: the cost of overseas medical treatment can also be reimbursed; tax-incentivized health insurance: even if you have a serious illness now, you can buy, the government jointly with the insurance company to launch the welfare productsSummary:
Medical insurance varies. We should not be confused by the details of the various, there must be trade-offs, learn to seize the key , in order to solve their own problems.
Of course, if you want a more in-depth understanding of health insurance, you can learn from my other 10,000-word article.
Deep blue insurance: medical insurance science: did not avoid these pits, I advise you to be careful to start medical insurancefirst on a dry catalog, let you see my sincerity of this article:
three, accident insurance 1, the role of accident insurance?Accident insurance seems simple, but there are other insurance can not replace the role, mainly reflected in the high leverage and disability protection two points:
High leverage barriers: a few hundred dollars will be able to get millions of the death of the protection, the leverage is super-high, its insurance can not be compared to; disability protection: accidental disability, but also according to the level of disability to obtain a different percentage of the payout, the unique features of the accident insurance.A standard accident insurance policy will usually include the following three protection responsibilities:
Accidental death: If a person passes away because of an accident, the insurance company will directly pay a sum of money. If you buy 500,000 dollars of coverage, you will pay 500,000 dollars; if you buy 1 million dollars, you will pay 1 million dollars. Accidental disability: If you are disabled because of an accident, you can get compensation according to the proportion. Disability is categorized into one to ten levels, the first level of disability is the most serious, it will pay 100% of the insured amount; the second level of disability, it will pay 90% of the insured amount, and so on. Accidental medical treatment: The insurance company can reimburse the medical expenses for injuries caused by accidents.These three points are the essential responsibility of accident insurance, if less than one of any one of the products are garbage, decisive black.
2, how to choose a suitable accident insurance?Next, we then around the protection of these three points, pick a suitable accident insurance.
1, accident insurance coverage to buy how much?
The most important feature of accident insurance is the high leverage, the price of two or three hundred, you can buy a million accident coverage.
Accidental coverage is directly related to how much money you can pay for accidental death and disability.
So for an adult, especially the pillar of the family, the sum insured must be as high as possible!
And the child's accidental death coverage, the state in order to prevent moral hazard, to protect the child, there are the following fixed:
0-9 years old: death benefit does not exceed 200,000, 10-17 years old: death benefit does not exceed 500,000So even if you buy a 1 million coverage for 0-9 years old child accident insurance, if the accidental death, can only pay 200,000; however, the child's accidental disability benefits are The first thing you need to do is to get your hands dirty.
Since children and the elderly have almost no family responsibilities, the amount of accidental death coverage is not the main point of selection, but should focus on accidental medical care.
2, accidental medical how to choose?
Relative to death, most accidents only result in injuries.
So accidental medical treatment will be more commonly used, and it is recommended that you focus on 3 aspects:
The scope of coverage is as broad as possible: some products only cover the cost of social security, and some products reimbursement of expenses not limited to inside and outside of the social security system; the latter's coverage will of course be better. Deductibles are as low as possible: a product with a 0 deductible is certainly better than one with a 100 deductible, and the lower the deductible, the better. The higher the reimbursement rate, the better: 100% reimbursement is definitely better than 80% reimbursement.Additionally, some products have other benefits, such as hospitalization allowance, vaccine liability, ambulance, etc.
These are just the icing on the cake, and it's certainly better to have them.
In short, picking an accident insurance policy is not difficult.
We understand our own needs, and weigh a few dimensions, such as premium, coverage, accident medical, etc., to pick the right product.
Want to be more suitable for their own family situation of the proposal, you can also directly consult me, I will do my best to help you ~ 3, the purchase of accident insurance, these pits to pay attention to!The following are the most common misunderstandings of the ordinary people to buy accident insurance, can not be prevented:
1, the special agreement and insurance instructions:
We are picking the accident insurance, we must pay attention to the special agreement part of this product to a certain product as an example:
This means:
If hiking and traveling accidentally accidental loss of footfall and fall, then a penny can't be get a payout; swimming and drowning resulting in death, only half of the sum insured can be paid out;So be sure to pay attention to the instructions when taking out an accident insurance policy.
2. When will the accident take effect after purchase?
Accident insurance is usually effective the next day after purchase. However, there are some products that are more special:
Warm tips: the effective date for the earliest 7 days after the success of the policy at 00:00If you want to get the protection immediately, such products are not very suitable.
3, accident insurance without health information, anyone can buy?
While there is basically no health notification for accident insurance, there is usually a similar statement in the contract: the insured should be a natural person who is in good health and able to work or live a normal life.
If it's just a sick person, you can buy it even if you have cancer.
But for people with disabilities, the requirements vary from company to company, so it's best to check with your insurance company.
As usual, I have written a 10,000-word article on accident insurance.
This article is the most comprehensive accident insurance article I've ever written, and I've spent half a month organizing all the highly praised accident insurance content I've answered in Zhihu, as well as all the questions you've asked me about accident insurance.
(This is my content library has written accident insurance popularization article, part of the screenshot)Absolute dry goods, recommended good collection read:
Shenlan insurance: a word difference on a point not to compensate? The first thing you need to do is to get a good understanding of what you're getting into and what you're getting into!Term life insurance is to protect a period of time, 20 years, 30 years, insurance to 60 years or 70 years old, any person to choose; in this period of time the person is not in the, on the compensation, simple and clear.
During this period of time, the probability of a person's sudden death is not high, so it's very cheap; but this is precisely the stage of life where we have the heaviest family responsibilities, and protection is very practical.
The current market mainstream fixed life, 30-year-old male, more than a thousand a year can buy a sum insured of 1 million; also can protect to 60 years old, to the time when you can basically put down the family responsibilities.
Inexpensive, practical coverage, so for the vast majority of people, the big brother is the first push for term life insurance.
How do you buy a term life insurance policy?Term life is a very simple type of insurance, and it's not difficult to figure out what you need;
We'll analyze it one by one in four dimensions: coverage responsibilities, enrollment restrictions, exclusions, and price.
1, the responsibility to protect?Buy any insurance, liability should be the first selection points.
The reason why the fixed life is very simple, is simple in the protection responsibility, let's take a look at the fixed life of the mainstream protection and special protection.
①Mainstream protectionThe mainstream protection responsibilities of fixed life are: death, or total disability (high disability), will pay, regardless of disease or accidental causes.
Of course, there are very few products that do not have a total disability liability; for such products, just pull the black.
Taking a certain product as an example,
If a disease leads to death or total disability within 180 days of the contract's establishment, the premium will be refunded, while in all other cases, the amount of coverage will be paid. This setup is mainly to prevent with the disease insured, not a big problem.
② special protectionIn addition to the above mainstream protection, some of the products can be attached to some special protection, the more common are:
the insured meet the marriage, childbirth and other major events, you can buy a higher amount of coverage; in the XX years before the accident, you can pay more XX% of the amount of coverage; because of traffic accidents and other causes, you can pay more XX% of the amount of coverageThese characteristics of the protection is more practical, it is a The first thing you need to do is to take a look at the product.
2. Limitations on enrollmentLimitations on enrollment determine whether you can buy this insurance. For the fixed life, we focus on the following three points:
①Health notificationHealth notification is the first hurdle to buy insurance, often the poor health of the crowd will be rejected.
But fortunately, fixed life is basically one of the lowest health requirements, and most people can buy it.
At present, the lowest health requirements of fixed life, its health information only three:
Here will also be a tip, health information will basically have the 2nd: whether the insurance company refuses to insure, postponement of underwriting, etc..
If you're not in good health, and you've been refused or deferred to buy other insurance, then you're going to have to go back and buy a life insurance policy, and you're going to be subject to this health disclosure restriction.
So, we can give priority to buy fixed life with lower requirements before considering other insurance policies.
②Occupational RestrictionsBesides health requirements, occupational requirements are also a common restriction for buying insurance; and in the case of fixed life, the occupational requirements are stricter.
This is not occupational discrimination, but the probability of risk is different for different occupations, and insurance companies will naturally respond differently.
Generally speaking, insurance companies will categorize insured occupations into six categories based on different risks.
But there is no industry standard for categorizing occupations;
Occupations that are classified as Category 3 in one insurance company may be Category 4 or 5 in another.
And nowadays, there are a lot of new occupations every year, which may not be included in the insurance company's occupational classification list in time.
So if you can't find your occupation, you can call your insurance company and ask the customer service to confirm whether you can be insured.
③Limit on sum assuredHow much sum assured you buy is how much you want to leave for your family; this is very important for a fixed life.
Except for a few fixed lives that have no limit on the maximum sum assured, most of the online products nowadays are only bought up to a maximum of 3 million sum assured.
This is also enough for most families.
If you want more, you can buy different products together to make a higher sum assured.
But be aware that some products ask how much past sum assured you have;
for example, with this product, you can't buy more if you've already bought more than 3 million in sum assured in the last year.
But it's easy, we can just buy these fixed life products that have a past sum assured requirement and then go for other products that have no limit.
On top of that, there are other fixed life policies that limit the sum assured accordingly for different occupations; for example, for retirees and jobless people, only lower sum assured (e.g., 500,000, etc.) are allowed to be purchased.
These settings are mainly to prevent fraudulent insurance considerations, we need to choose according to need.
3, the exclusion clauseExclusion clause is the insurance can not pay for the situation, of course, the less the better.
In this regard, the most lenient fixed life, there are only three exemption clauses:
This is the most basic three exemption clauses of fixed life, are extreme cases; we do not need to be entangled, you can prioritize these products.
And the fixed life with the most exemption clauses will have seven, take a certain product as an example:
But it can also be seen that these exemption clauses do not really have much impact on us ordinary people.
4, priceCritical illness insurance prices are very large, the same coverage responsibilities, this one sells you more than 10,000, another may only sell you a few thousand, is to bully you can not read the insurance.
But the fixed life protection responsibility is very simple, so the price difference is not big, can't play any tricks.
After synthesizing the liability, insurance system and exclusion clauses of fixed life, we can try to pick the cheapest product.
Here I have also selected 3 of the most worthwhile term life insurance policies in recent times, with floor prices, lax health notices and fewer exclusions ↓↓
Is it better to choose a big brand?
Not necessarily, life insurance is the most secure type of insurance, subject to the most stringent regulation, even the smallest company is trustworthy.
Is it better to go with a big company?
Not really, if you are interested, you can read my other article, we use data to speak:
Deep Blue Insurance: 2020 insurance claims which is the fastest? 31 claims annual report revealed! Answers to Frequently Asked Questions about Fixed LifeIf you have read the above carefully, getting a fixed life that suits your needs is easy as pie.
Here Big Brother summarizes a few more common questions based on netizens' concerns:
1. New products are getting better and better, do I need to change?
The fixed life update speed is very fast, every once in a while there will be a new product cheaper a drop.
Do you need to re-buy over? Big Brother suggests that if the offer isn't particularly good, it's completely unnecessary, and there's no end to switching around.
If your medical condition doesn't match the new product's health tell-tale, it's even more important not to toss it.
If you can pass the health notification, then there are two cases to consider:
Situation 1: If you have not yet passed the hesitation period, you can just surrender the policy and replace it
Situation 2: If you have been paying for a few years, how much more do you have to pay for the old product for the same coverage?
How much do you need to pay for a new product? Compare and contrast to see if it's cost-effective to replace the product.
For example, if the old product still need to pay 15 years, 2,000 yuan per year (total 30,000), while the new product needs to pay 20 years, 1,000 yuan per year (total 20,000).
Then the replacement is more cost-effective, and you get a little cash value for surrendering the old product.
Of course, there is one more thing that you must pay attention to, try to return the old product after the waiting period of the new product, so as to avoid interruption of coverage.
2, fixed life insurance amount to buy how much, growth period how long is the most appropriate?
There is of course no correct answer to this point, and it needs to vary from person to person.
The master can only give a little reference ideas:
How much coverage to buy: at least to cover the family's expenses for the next 10 years, for example, the next 10 years of living expenses to 500,000 yuan, mortgage, car loans of 1 million, then at least 1.5 million fixed life to buy.
How long to insure: I personally recommend to insure until the age of 60 years of retirement, when the children have become adults, the family responsibility is relatively light.
Of course, each person's situation is not the same, if the budget is not much, you can also first insure the next 20, 30 years, and then increase the insurance when you have more money.
3. What happens to the policy when the insurance company goes bankrupt?
Before the big brother put the word out, we can pick a cheap fixed life to buy, even if the company is even smaller.
Because life insurance is the highest security insurance, according to the insurance law "Insurance Law" Article 89, Article 92:
If the insurance company was revoked or declared bankruptcy, its holding of life insurance contracts and liability reserves, must be transferred to other insurance companies. If no transfer agreement can be reached, the Insurance Regulatory Authority under the State Council shall designate the insurance company to receive the transfer.If an insurance company goes bankrupt, there are two places for the insurance we purchased to go:
First, it must be transferred to another company that is willing to accept the merger and reorganization;
If no insurance company is willing to take it over, the government will make proper arrangements, and the state will designate a certain insurance company to take it over, which is usually the mandatory takeover by a state-owned, very powerful insurance company.
In fact, the insurance industry in the country is subject to strict regulation, want to set up an insurance company is not easy, interested friends, you can read my other question article:
Deep Blue Insurance: depth of good article: how difficult to set up an insurance company?4, bought accident insurance, critical illness insurance, still need to set life?
Need!
Accident insurance can only insure accidental death, other cases of death is not compensated, so accident insurance is certainly not a substitute for fixed life.
As in the 2019 Ping An claims data, the disease death benefit is far more than the accidental death benefit.
Offline critical illness insurance basically comes with life insurance liability, and if you die, you can also pay.
But the national critical illness insurance coverage is generally not high, even if you buy 30-50 million, the money is not enough to meet the mortgage repayment, children's education, parental support and so on.
But fixed life is extremely cheap, 30-year-old women, 1 million coverage of term life insurance is only a few hundred dollars or so, with a very small budget can be extremely high coverage, which is critical illness insurance can not reach.
5, how to choose the beneficiary?
The beneficiary, on the other hand, is the person to whom the money will be paid. Usually there are two kinds of situation:
Legal beneficiaries: according to the order of inheritance law to equalize the claims designated beneficiaries: the claims will be designated to the people who want to giveThe elder brother is more recommended to designate beneficiaries, want to give to whom, how much are their own decision, to avoid disputes, claims will also be more convenient.
We designate beneficiaries, either in order or as a percentage of the payout.
For example, the old king bought a 1 million insured rated life, beneficiaries are designated as follows:
Children, 50%, first order;
Wife, 50%. First order;
Mom, 100 percent, second order.
If the old king unfortunately dies, the $1 million will be divided into $500,000 each for the kids and the wife. Only if the first order are gone, the 1 million will be paid 100% to the old mom.
The above is the specific introduction of the four major types of insurance, after reading these, you can also avoid most of the pits of insurance; the next selection of products, but also more direction.
In ancient times, in the event of famine or serious illness, ordinary people could only save themselves by selling the land on which they depended for their livelihood.
And now, we can perfectly transfer away our own risks through financial products like insurance.
As long as you are willing to reach out and learn, you will realize that insurance is not that difficult.
A reasonable insurance plan is definitely the cornerstone of family financial security, wish you all the best :)
Of course, buying insurance is never an easy task.
If the above has not solved your problem, you want more suitable for their own professional advice;
Then you can through the link below, looking for my free consultation;
I will be a few years for thousands of family service experience, to give you ultra-practical advice
You can also directly add the deep blue gentleman microblogging SLFW4268, memo Zhihu can be Free advice.