Kunlun Health: What's the difference between guarantee insurance and return insurance?

In the event of an insured accident agreed in the contract within the agreed time, the insurance company shall compensate or pay compensation according to the original agreed amount; If there is no insurance accident within the agreed time, the insurance company will not refund the premium paid.

Return insurance is generally long-term. During the insurance period, if the insured has an accident, he will get corresponding compensation. If the insured does not have a claim accident beyond the insurance period, the insurance company will refund it in full. Generally speaking, the amount refunded is higher than the principal.

Difference:

1. Refund of premium: Both types of insurance will get a certain amount of insurance money in case of insurance accident during the contract period. The difference is that in the case of no accident during the insurance period, the guaranteed insurance does not return the premium, while the returned insurance can return a certain percentage of the premium, and the amount returned is higher than the premium. Return insurance has the dual function of ensuring investment.

2. Insurance price: Guaranteed insurance is generally cheaper and cost-effective; The premium for return insurance is usually high.