Why do millions of medical insurance have to be renewed every year?
In this regard, we should start with the nature of millions of medical insurance. Million medical insurance is a kind of reimbursement medical insurance, which is generally divided into outpatient medical insurance and inpatient medical insurance. The insured's outpatient medical expenses and hospitalization medical expenses in the hospital can be reimbursed by the insurance company, and the maximum reimbursement amount can reach one million. Its essence is short-term medical insurance, so it has all the shortcomings of medical insurance, and so does the issue of renewal.
Are there millions of medical insurance products that do not need to be renewed?
In fact, there are not millions of medical insurance products on the market that do not need to be renewed, only products that guarantee renewal. In fact, the reason is very simple. Millions of medical insurance is just like social medical insurance if it doesn't need to be renewed. No matter how many times the insured suffers from diseases during the insurance period, he can continue to participate in the insurance, especially when the coverage of the million-dollar medical insurance is still so high, it is very likely that the insurance company will suffer losses. Therefore, in order to limit, millions of medical insurance on the market are short-term, and it is best to guarantee renewal for several years, and there is no threshold for renewal.
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