Swiss Medical Plus Individual Medical Insurance is an individual multi-million dollar medical insurance product under the umbrella of Swift Insurance.
What's the highlights of Reward Medical Plus?
1. Guaranteed renewal for 6 years with a deductible of $10,000 for 6 years
Swissway MediShield Plus is a long term health insurance policy with an agreed 6 year guaranteed renewal.
As for the deductible, it is 10,000 for 6 years, which means that during the 6-year guaranteed renewal period, as long as the medical expenses are more than 10,000, there is no need to deduct deduct the deductible for each subsequent year's medical expense reimbursement.
2. Critical illnesses can be exempted from subsequent premiums
Swiss Medical Plus also has another responsibility that is more common in critical illness insurance but less common in medical insurance - exemption from premiums for major illnesses.
If the insured person suffers from a contracted major illness during the guaranteed renewal period, the remaining premiums for the guaranteed renewal period will not be paid.
How about Ruihua Insurance Company?
Ruihua Insurance is a joint-stock insurance company established in 2018 with the approval of the CBIRC, the company's registered capital is 500 million yuan, and the scope of business covers health insurance, accident insurance and other businesses approved by the China Banking and Insurance Regulatory Commission.
RHI's consolidated solvency ratio was 176.81 percent in the third quarter of 2020, which has far exceeded the 100 percent stipulated by the CBIRC, making its solvency capacity relatively adequate.
The most recent risk composite rating is B, which is not a low rating and represents that this company is functioning normally and does not have much risk.
From the above, RHI is a reliable insurance company with relatively adequate solvency, good functioning and low risk.