Critical illness insurance Term of Health Benefits
The guarantee period of health welfare critical illness insurance can only be life-long. As we all know, the same life-long version of critical illness insurance will be much more expensive than the version guaranteed to be 70 or 80 years old.
Health and welfare critical illness insurance is not flexible enough in the protection period. For those who want to buy this product with limited budget, the payment pressure is relatively high.
Health benefits and the proportion of compensation for major diseases in critical illness insurance
The insured suffers from a serious illness agreed in the contract ten years before the policy, and can pay an additional 30% of the basic insurance amount.
Although it is really a good thing to pay more, in fact, this proportion of compensation is not high, because there are some critical illness insurance in the market that can pay 80% of the extra basic protection at the age of 60. Compared with these health and welfare critical illness insurance, the proportion of compensation for critical illness insurance is not particularly prominent.
Exemption of the Insured in Health Welfare critical illness insurance
When the insured suffers from serious/moderate/minor diseases as agreed in the contract, the health and welfare type of critical illness insurance can be exempted from the late payment fee.
It is practical for the insured to be exempted from this responsibility. After all, when the insured is sick, his financial situation is rather embarrassing, and he may not be able to pay the fee on time when he is out of danger. With the exemption of liability, health and welfare critical illness insurance may help some insured people solve their worries.
Health, Welfare and Multiple Compensation for Malignant Tumors in critical illness insurance
If the insured suffers from malignant tumor and recurs within the guarantee period, he can get the maximum compensation of 100% of the basic insurance amount.
It is really practical to compensate for this malignant tumor many times. After all, under the current medical level, the possibility of complete cure of cancer is relatively low, and many patients have a high probability of recurrence of malignant tumors within 3-5 years after receiving treatment. Therefore, it is really reassuring for patients to be able to pay for malignant tumors many times with health insurance critical illness insurance.
However, if we look at this guarantee carefully, we also find that there is a big defect, that is, when the serious illness we suffered for the first time was not a malignant tumor, it would take 1 year to get compensation after being diagnosed as a malignant tumor.
Under the same circumstances, the interval of many excellent critical illness insurances is only 180 days, and the compensation exceeds the basic guarantee of 100%. Relatively speaking, the protection of health and welfare critical illness insurance is much inferior.