What are the difficulties in implementing the new regulations on critical illness insurance?

The difficulty in implementing the new regulations on critical illness insurance is that many diseases are not paid, and many people think it is not as good as the old ones. Critical illness insurance is a very important form of insurance products in the field of health insurance, and it is also one of the most important indemnificatory businesses of insurance companies. From February 1 day, the insurance products under the old definition of critical illness will be completely removed from the shelves, and all critical illness insurance products will be replaced with products under the new definition of critical illness.

First, it promoted the implementation of the new regulations on critical illness insurance.

Critical illness insurance can alleviate people's problems such as insufficient savings and difficult cash flow when facing major diseases, and help people suffering from major diseases to tide over the difficulties economically. As the most powerful tool to resist the risk of major diseases, in recent years, critical illness insurance has been paid more and more attention by consumers. According to statistics, at present, critical illness insurance accounts for nearly 60% of the total premium of health insurance business. The relevant person in charge of the China Insurance Association said that the switch between old and new critical illness insurance is a normal product upgrade with social development and scientific and technological progress. Compared with the old standard in 2007, the critical illness insurance products developed based on the new standard can provide consumers with more targeted protection.

Second, the definition of serious illness

Turn to better safeguard the interests of consumers. With the official release of Critically Illness Insurance "Specification for the Use of Disease Definition (Revised Edition, 2020)", all insurance products under the old version of the definition of critical illness will be removed from the shelves from February 1 day. According to the new standard, the revision of the definition of serious diseases mainly includes three aspects: First, optimize the classification, establish a major disease classification system, and divide the three core diseases into malignant tumors, acute myocardial infarction and stroke sequelae according to their severity. The second is to increase the number of diseases, and expand the original definition of 25 serious diseases to 28 serious diseases and 3 minor diseases.

To sum up, in the 1 month near the switching period of new and old products, the differences in the definitions of new and old products, the preferential claims service offered by insurance companies, and the expectation of rising prices of new products made the old products of critical illness insurance sell wildly, and the sales volume doubled than usual.