TaiPing Fortune Kangrui 2018 edition is the leading product of TaiPing Insurance, which can be called the boss of the Fortune family, and is also one of the most consulted products in ten steps. Flow Kangrui 2018 includes coverage for critical illness, minor illness and death, which seems to be similar to Ping An Blessing and Guoshou Blessing, so how is this product in terms of coverage and price? Next, ten steps will explain this product in detail.
This article will provide a comprehensive explanation of the Fortune Kangrui 2018 from the following points:
What is covered?
How much?
Who is it for?
Is it worth buying? (Pros and Cons)
I. What does FlowCare 2018 cover?
Let's first look at the basic information of Fluor Kangrui:
Insurance age: 0-65 years old
Protection period: lifetime
Maximum payment period: 20 years
Types of critical illnesses: 100 types, 1 payout
Types of minor illnesses: 50 types, 6 payouts, each time 20% of the base amount of coverage
Death Guarantee: premiums will be returned for death during the waiting period; after the waiting period, premiums will be returned before the age of 18, and the sum assured will be returned after the age of 18
Additional Guarantee: policyholder exemption
Comprehensive Review:
In terms of guarantee, Flow Kangrui 2018 is a typical mode of "critical illnesses + minor illnesses + death". It can pay out six times for minor illnesses, with no interval between each payout, and includes a premium waiver for minor illnesses, unlike Ping'an Fortune or Guoshou Fortune, which require additional fees to be attached to the option. The company also has a death benefit, but note that the critical illness and death coverage contributes to only 1 payout.
Two, how much is Fortune Kangrui 2018?
Take a 30-year-old man and a woman as an example to see the price of Frukangrui. In order to facilitate the comparison, the protection only contains critical illnesses, minor illnesses, death and the insured premium waiver protection, we are in accordance with the situation of 100,000 coverage, 20 years of payment:
Compared with Ping An Fu, the price advantage of the Flow Kangrui is very obvious, if the configuration of the 500,000 coverage, the male to pay more than 3,000 yuan less per year; compared with the national life blessing, but also to pay more than 2,000 yuan less. However, compared to the similarly protected Kang Le Lifetime B, there is still a gap between the two.
Flora Kangrui is superior to Ping An Fortune in terms of the types of minor illnesses covered and the number of payouts, but the price is much lower, so will there be any problems? The mystery will be revealed later.
When we choose the premium payment period for life insurance, we should follow the principle of the longer the better, on the one hand, it can fight against inflation, on the other hand, it is necessary to make reasonable use of the mechanism of premium waiver.
Three, Frukangrui 2018 is suitable for who
From the age of the insurance, Frukangrui supports the people who are born from 28 days to 65 years old, which seems to meet the people of all ages, but in fact, it is not.
First of all, FlowCare is a product with an additional whole life insurance policy, and life insurance, an insurance product, is not suitable for children.
Life insurance, which pays out a sum of money to the insured's loved ones upon death, is generally rationed to the main income earner in the family, and obviously, children don't fit into that category. Moreover, for the sake of preventing moral hazard, the state does not allow children's death benefit to exceed 200,000, which makes the life insurance function of children's insurance meaningless. In the case of Fortune Kangrui, for example, only the premiums paid will be paid if the insured dies before the age of 18.
Secondly, because FlowCare is mandatorily tied to whole life insurance, it is not suitable for families or young people on a limited budget.
Whole life insurance has a savings function, so the overall price of the product is high. Young people or families with limited budgets should pay more attention to the protection function of the insurance, and try to choose a combination of critical illness insurance + term life insurance, so as to use the good steel on the knife edge.
The key principle of purchasing critical illness insurance: prioritize the amount of coverage.
The primary function of insurance is to provide protection. If the sum insured is insufficient, insurance loses its meaning. According to the current domestic medical and living consumption standards, the average cost of treatment for a serious illness is about 300,000 yuan, and taking into account the rehabilitation and living costs after the cure, the amount of insurance coverage for serious illnesses should be at least 500,000 yuan.
If the budget is limited, you can consider reducing the coverage period or coverage items to ensure that the coverage amount of critical illness and other non-resistant types of risks.
Four, Flow Conrad 2018 is worth buying
The key to determining whether a product is worth buying is the cost-effectiveness of the product and its adaptability to your own situation. Let's take a look at the highlights and shortcomings of the Flow Conrad.
1. Highlights
There are as many as 50 types of minor illnesses covered by this product, such as pacemaker or defibrillator implantation, vena cava filter implantation, cochlear implantation, and so on, which are rarely found in other critical illness insurance policies. For example, "pacemaker or defibrillator implantation", "implantation of vena cava filter", "cochlear implantation", "facial reconstruction surgery" and so on, can be compensated by FluorCare. In addition, there is a maximum of 6 benefits for minor illnesses, and there is no limit on the period between benefits. Although these highlights do not have a high incidence in practice, they are better than nothing.
Like Guoshoufu Zhenxian, the life insurance of Fortune Kangrui also includes a transfer annuity service, where beneficiaries can choose to take out the payout in a lump sum or convert it into an annuity service.
The maximum insured age can be up to 65 years old, which is a clear advantage among a host of products that cover up to 50 or 55 years old.
2, insufficient
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