No one pays no attention to health issues, and it would be great if you could see a doctor for treatment without spending too much money.
Recently, Taiping Life launched this new product - Love Guardian 2021, which is a million-dollar medical insurance with a deductible of 5,000 yuan. A lot of people are looking forward to this deductible and can't help but take out a policy because of the reputation of Taiping Life!
Is this product worth it? You'll have to go through a detailed review to find out!
For those in a hurry, why not take a look at this summary:
Tai Ping Life Love Guardian 2021 cost-effective? I pulled the plug when I saw this!
A. How is Taiping Life Love Guardian 2021 coverage?
We'll start by taking a look at the chart of Taiping Life's Love Guardian 2021 coverage:
As you can see from the chart, Love Guardian 2021's coverage is relatively simple and offers some good protection. The next step is to come along with your sister and see what it has to offer:
1, low deductible
A quick look shows that the biggest highlight on the surface of Taiping Love Guardian 2021 is the low deductible of only 5,000 yuan.
Most of the million-dollar medical insurance policies in the market today have a deductible of 10,000 yuan, compared to the 5,000 yuan deductible of Taiping Life, which means that the insured will have to bear a lot less burden on medical expenses, so it's no wonder that so many people want to buy this product.
But does a low deductible really do us more good than harm? This article will answer your questions:
What's included in the deductible? Are lower deductibles more popular?
While the deductible of Love Guardian 2021 is small, it is not the only reason to buy it, and there are still a lot of flaws in this product:
1. Missing Practical Coverage Responsibilities
For a qualifying MMP, it must have the following display This part of the basic protection responsibility:
Only unfortunately, Taiping Life's Love Guardian 2021 has a lot of holes in the coverage, like special outpatient, outpatient guardianship, hospitalization before and after the outpatient emergency these are not.
Additionally, out-of-hospital specialty drug coverage is also critical for cancer patients, as many drugs used to treat cancer need to be imported from abroad, and the corresponding prices are not very friendly. While the out-of-hospital drug coverage can, to a large extent, alleviate the financial burden on patients, Love Guardian 2021 does not include this practical coverage!
It's essential to know exactly what your medical insurance covers, and if the product doesn't cover you enough, it's no different from not buying it at all.
2, the coverage is limited
Love guardian 2021 is included in the accident outpatient medical insurance and hospitalization allowance coverage, I also think it is very good! Surprisingly, Taiping Life will have this kind of setup, and the regulations are different for different plans:
There are two kinds of accidental outpatient medical insurance benefit limits are 20,000 and 50,000 respectively, which correspond to different insurance plan distinctions, and plan one is not covered in it!
Again, its hospitalization allowance can pay $100 a day, but it only pays for a maximum of 180 days, and this liability is only applicable to Plan 3! Such a coverage limit is not friendly to people with low budgets!
3, can not guarantee the renewal
Million medical insurance renewal is the most important part, if a year expires, the insured found that the body has some diseases, or the product stops selling or has a related claim, want to apply for renewal of the insurance is very easy to be refused.
Love Guardian 2021 medical insurance does not guarantee renewal, each renewal must apply to the insurance company, and its renewal conditions are not easy to meet, let's look at the original terms and conditions:
If the insured person has a serious illness or claims, then the possibility of refusal to renew is very large. In addition, the policy cannot be renewed if the insured has reached the age of 80 or the product has been discontinued.
See, million medical insurance renewal conditions for us consumers occupies an important position, can be for us to get a stable guarantee, so in the choice of products, try to prioritize the choice of products can guarantee the renewal of the product.
Two, Taiping Life Love Guardian 2021 have worth buying?
After analyzing the pros and cons of Taiping Life's Love Guardian 2021, we can see that the performance of this product is relatively ordinary, in the end, should we buy, we also need to analyze its cost-effective how.
After projections, a 30-year-old woman insured Love Guardian 2021, the cost incurred in a year is as high as 1,488 yuan! It's really about a thousand dollars more expensive than the millions of dollars of medical insurance products on the market that only have a few hundred dollars in premiums, and it's not even close to the big coverage content of other hundreds of dollars of million dollar medical insurance!
Love guardian 2021 million medical insurance highlights are actually not much, in addition to the basic coverage is not as comprehensive as imagined, and the overall coverage is not high, the premium is not cheap, really can not pick the satisfactory place, cost-effective is very low.
If you want to choose a wide range of coverage and the pursuit of cost-effective million medical insurance friends, you can compare three, like the following ten products are very good:
Top ten million medical insurance rankings freshly released!
Written in the end
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