The compensation principle of million medical insurance is based on the actual medical expenses, and there is usually a deductible and an upper limit of compensation. Therefore, even if you buy 2 million medical insurance, if the medical expenses do not exceed the sum of the deductibles of the two insurances or the sum of the compensation ceilings of the two insurances, you may not get two compensations.
However, the specific compensation rules may vary according to different insurance products, insurance clauses and insurance contracts. Some million-dollar medical insurance products may provide additional protection, such as paying in advance for hospitalization and paying extra for major diseases. In addition, some millions of medical insurance products may also provide global protection, including overseas payment of medical expenses.
To sum up, buying 2 million medical insurance does not mean that you can get two compensations. The actual amount of compensation will depend on the insurance products, insurance clauses and specific terms of the insurance contract. When buying millions of medical insurance, it is recommended to read the insurance clauses and contract clauses carefully to understand the specific terms such as the insured amount, deductible and compensation ceiling.
Legal basis:
Article 21 of the Insurance Law of People's Republic of China (PRC) stipulates: "The applicant, the insured or the beneficiary shall notify the insurer in time after knowing the occurrence of the insurance accident."
Article 23 of the Insurance Law of People's Republic of China (PRC) stipulates: "After receiving the request for compensation or payment of insurance benefits from the insured or beneficiary, the insurer shall verify it in time; If the situation is complicated, it shall be approved within 30 days, unless otherwise agreed in the contract. "