The "disease-free return" insurance has made a comeback.
According to Prudential Life Insurance, the company's worry-free cancer insurance plan consists of old-age insurance with main insurance and long-term medical insurance with additional insurance. If the insured provides medical expenses after illness, if there is no claim, it will be refunded 1 10% of the premium paid.
According to the regulations of the China Insurance Regulatory Commission, from September 1 2006, the health insurance that can be surrendered cannot be sold separately as the main insurance. However, the returned health insurance portfolio in the form of insurance bundling is still emerging one after another. "The product has been approved by the regulatory authorities and there is no violation." Experts in the industry pointed out that this product structure with small main risks and large additional risks is equivalent to playing a policy "edge ball".
Gong Benwei, a researcher at Mingya Insurance Brokerage Company, said in an interview that the original intention of the China Insurance Regulatory Commission to stop returning health insurance was to hope that insurance would return to the essence of protection and let more people get health insurance protection. "At present, the main consumer health insurance, such as personal accident insurance for serious illness of caring experts, has a male insurance coverage of 6,543,800 yuan for 30 years, and only needs to pay 840 yuan every year for 30 years. It is a cost-effective consumer health insurance. But under the same circumstances, the premium for returning health insurance will be much higher than this figure. " Dong Jinli, a financial analyst at Mingya Insurance Brokerage Company, said.
However, the insurance consumption concept of "no cure for illness" has long been deeply rooted in people's hearts. "As far as we know, the ratio of consumers to consumer health insurance and refundable health insurance is about 1: 3." Dong Jinli told reporters.
A consumer also admitted in an interview with reporters that although consumer health insurance is much cheaper than refundable health insurance, consumers' premiums can't be recovered if they don't go out of danger. "I still feel a little lost after thinking about it."
Based on this, many insurance companies respond to the market demand with the health insurance portfolio plan with return function, and "return life insurance, endowment insurance and consumer health insurance" has become the new strategy of health insurance.
In fact, before Prudential Life Insurance, many insurance companies, including AIA, Sino-British Life Insurance, Sino-Italian Life Insurance, Pacific Life Insurance, Taikang Life Insurance and Everbright Life Insurance, launched such insurance portfolios in a high profile.
Return insurance is conducive to long-term protection.
Return-type products can return premiums or insured amount, and consumer products can really play the leverage role of insurance protection by being small and broad. For consumers, both have great advantages. How to choose?
In Miyamoto's view, return insurance has two functions: saving capital preservation and risk protection. The insurance period is long, which can supplement the pension, but the cost is high, which is suitable for people with a certain economic foundation to buy. "Compared with return insurance, consumer insurance has high protection with low premium, generally term insurance, which is conducive to flexible adjustment. But its disadvantage is that the premium cannot be returned. " Miyamoto Wei analyzed.
Dong Jinli believes that consumer insurance is suitable for young people with good insurance awareness, scattered investment and limited premium investment. For those over 35 who have no good investment ability and good economic conditions, it is a good choice to buy return insurance.
Relevant data show that after the age of 35, the low-price advantage of consumer insurance is no longer obvious. After the age of 40, the premium of consumer critical illness insurance has greatly increased, and the cost of re-insurance consumer critical illness insurance is too high. Therefore, experts suggest that consumer insurance and return insurance can be matched, and the protection plan can be arranged reasonably according to their own needs.
Pure consumer insurance is still scarce.
"Although return insurance is more cost-effective in the long run, consumer insurance is more attractive to young people aged 20 to 35." Miyamoto said.
According to Peng Jianwei, senior agent of China Ping An Life Insurance Company of China Insurance Company, it is equivalent to "buying" to take out return insurance, while choosing consumer insurance is like "renting". For young people with insufficient economic strength, choosing "rent" consumer insurance can get higher protection with less premium.
However, at present, real consumer health insurance is rare in the market. The reporter consulted several well-known insurance companies and found no satisfactory types of insurance. An expert from Mingya Insurance Broker told the reporter that the reason why return insurance is sold more and consumer insurance is sold less, and the lack of consumer main insurance products is also one of the reasons.
Mingya insurance broker experts believe that, whether it is consumption type or return type, the insured should first find out what protection they need, then determine their own insurance amount and find out whether the products recommended by the salesman can meet their own needs. "It is recommended to consult insurance professionals, such as insurance brokers, to help customers choose the most suitable and cost-effective products from different companies from the customer's point of view and in combination with their actual needs."
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.