Children's Guo Shou Fu Perfect Enjoyment Edition is a specific version of China Life's gold standard "Guo Shou Fu Perfect Enjoyment Edition" for children, which includes life insurance and critical illness insurance coverage. Children's Guoshoufu Zhenxiang Edition is very similar to Children's Ping'anfu 2019 Edition, so how is the coverage and price of Children's Guoshoufu? And what are the differences between it and the Junior Ping An Fu? Next, Ten Steps will explain in detail. For how about China Life, I just happened to organize the relevant content, I hope it is helpful to you: how about China Life? Top ten China Life insurance products ranking list!
This article will be a comprehensive analysis of the Children's National Life Insurance Perfect Edition from the following points:
What is insured? How much? Who is it for? Is it worth buying? (Advantages and disadvantages) First, what is the coverage of the Children's National Life Insurance Perfect Edition?We first look at the basic information of the children's peace of mind:
Age: 28 days-17 years old
Protection period: lifelong
Maximum payment period: 20 years
Waiting period: 180 days
Critical illnesses: 100 kinds of, pay out once
Minor illnesses: 30 kinds of, pay out three times, each time 20% of the basic sum assured
Children's specific critical illnesses: 15 types, 1 payout, 100% of the basic sum assured
Death benefit: payout of premiums under 18 years old, payout of the sum assured after 18
Comprehensive comments:
In terms of protection, the children's Guoshoufu ZhenXian Edition is a typical old-school "critical illnesses + minor illnesses + death + specific illnesses" product. The old-school children's insurance model of "specific diseases". The company will pay out once for critical illnesses and child-specific critical illnesses, and three times for minor illnesses, with no interval between each payment.
What is the difference between Children's Guoshoufu Perfect Edition and Children's Ping'anfu 2019 Edition?
In order to facilitate the comparison, we only look at the main insurance of the two products, excluding additional insurance:
1, critical illness: the two sides of the critical illness coverage type is the same, and it is not important, but the children's Guoshoufu less a "minor illness claims to increase the amount of coverage for critical illness".
2, minor illnesses: although both are insured 30 kinds of minor illnesses, but the minor illnesses of Children's National Life Insurance includes 3 cardiovascular and cerebrovascular diseases, while Children's Safe and Sound does not, so the minor illnesses of Children's National Life Insurance is better than that of Children's Safe and Sound.
3. Specific critical illnesses for children: Both products provide additional coverage for 15 types of critical illnesses for children, but the children's Guoshoufu includes "severe Kawasaki disease", which is a high incidence of critical illnesses for children, while Ping'anfu doesn't. In the first 17 types of critical illnesses, the children's Guoshoufu has the same coverage as Ping'anfu. In terms of the first 17 critical illnesses, the coverage of the Children's National Life Insurance is also higher than that of the other product.
4, death protection: basically the same, both products are the death and critical illness coverage **** enjoy, only one payout, but the children's National Life Insurance does not have a "minor claims to increase the amount of the death of the insurance".
5, the waiting period: children's national life is 180 days, children's peace of mind is 90 days.
Comprehensively, the protection of the pediatric Guoshoufu (Zhenxian Edition) is more reasonable and pragmatic, and is better than the pediatric Ping Anfu 2019.
Two, how much is the pediatric Guoshoufu Zhenxian Edition?Take a 0-year-old male and female as an example to see the price of the pediatric Guoshoufu. For the sake of 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 insured amount, 20 years of payment:
Compared with the children's peace and happiness, the children's state life blessing enjoyment version is nearly 17% cheaper. However, compared to the similarly protected Mommy Bao Bei, the Junior National Life Insurance is roughly 1x more expensive, mainly, of course, because National Life Insurance has an additional life insurance, which is a return of the sum assured on death.
When we choose the payment period of life insurance, we should follow the principle of the longer the better, on the one hand, it can fight inflation, on the other hand, to make reasonable use of the mechanism of premium exemption.
Third, children's National Life Insurance Perfect Edition suitable for whoObviously, children's National Life Insurance is the product launched for people under 17 years old, should be suitable for children. However, the Junior National Life Insurance is a product with an additional whole life insurance policy, and life insurance, an insurance product, is not suitable for children.
Life insurance, that is, the death of the insured person to pay out a sum of money to their loved ones, generally allotted to the main income earner in the family, obviously, children do not fit into this situation. Moreover, to prevent moral hazard considerations, the state does not allow children's death insurance amount exceeds 200,000, which also makes the life insurance function of children's insurance meaningless. In the case of children's peace of mind, for example, if the insured dies before the age of 18, only the premiums paid will be paid.
Secondly, the key principle of buying critical illness insurance: the sum insured is prioritized.
The primary function of insurance is to provide protection, and if the sum insured is insufficient, the insurance will lose its meaning. According to the current domestic medical and living consumption standards, the average cost of treatment for serious illnesses is about 300,000 yuan, and then 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.
Lifetime life insurance has a savings function, so the overall price of the product leads to high, children are not the mainstay of the family economy, should not occupy too much of the premium budget, and should pay more attention to the function of insurance protection, try to choose a regular, non-refundable type of critical illnesses, put the good steel on the knife edge.
If the budget is limited, you can consider reducing the coverage period or coverage items to ensure that the amount of coverage for non-resistant risks such as critical illnesses.
4, Children's National Life Insurance is worth buyingTo determine whether a product is worth buying, the key to look at the cost-effectiveness of the product and adaptability with their own situation. Let's take a look at the highlights and shortcomings of the Junior National Life Insurance.
1, highlights
① Including 15 kinds of specific children's diseases, if the disease can be compensated by two times the amount of insurance.
② In the children's specific diseases, there is a "severe gastroenteritis", which is not included in many children's critical illness insurance, but the incidence of this year is on the rise.
3) In the critical illness clause, "serious loss of speech", most of the products are restricted to people over 3 years old to claim, but the children's National Life Insurance does not have this restriction.
2. Shortcomings
There are a lot of problems with the Children's National Life Insurance, so let's take a look at them one by one.
1) Bundled with the whole life insurance, this is actually the biggest problem of the children's critical illness insurance, adapt to the crowd link ten steps has been spoken, not to repeat.
② The coverage of children's specific critical illnesses in general, and does not include a high incidence of children's "leukemia", only a targeted supplement to the "autologous hematopoietic stem cell transplantation", which is the general treatment of leukemia, but still not as good as the disease. But it's still not as good as better protection for the condition.
Special reminder, ten steps to talk about children's national life insurance specific critical illness does not contain "leukemia" a, not that leukemia is not insured, but only in accordance with the general critical illnesses to pay the basic amount of coverage, can not be like children's specific critical illnesses to pay two times the amount of coverage. The first thing you need to do is to get a good deal of money to pay for the services you need, and then you'll have to pay for the services you need.
3) Minor illnesses only pay 20% of the base sum assured, and the industry's common standard is already 30%.
Conclusion:
The mandatory bundling of whole life insurance in Children's National Life Insurance is likely to result in insufficient coverage for the baby's critical illnesses, which is something you need to be aware of when insuring your child.
Lastly
Insurance protects us throughout our lives from the shock of the unexpected. Therefore, how to find a suitable protection program for their own situation, is every family can not be ignored, if you still have any doubts about the insurance products or configuration program, pay attention to me, ten steps to read the financial, so that you use less money, buy a more suitable product.
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