The most classic critical illness insurance of China Life Insurance is China Life Kangning, which has been sold for many years, but it is more classic than Kangning Life Insurance, and named after China Life Insurance-China Life Insurance Extreme Edition, which has a high degree of market differentiation, can be supplemented by combined accident insurance, and can cover up to 75 years old, with high self-driving and passenger coverage and sufficient core insurance responsibilities.
But the premium is easy to break Wan Taikang Life Insurance.
As a rising star, it ranks among the top 500 companies in the world for the first time this year, in which "asset management, insurance and medical care" are booming, while Health 100% C+ is Taikang's "new job" critical illness insurance, covering 165 kinds of light and heavy diseases, with comprehensive protection, high compensation for minor illnesses and good cost performance.
But the characteristics are all platitudes.
Aside from the additional accident insurance, the overall price of the two products is indistinguishable, and the core differences are reflected in three aspects: the division and definition of minor illnesses, additional hospitalization insurance and product selling points.
Specifically, what's the difference between the two products?
I. Basic contents of the two products:
China Life Extreme Edition underwrites 80 kinds of serious diseases and 30 kinds of minor diseases for three times, with a coverage of 20%. Long-term accident insurance covers 75 years old, self-driving in double indemnity, and triple compensation for public transportation. It has a great brand effect and a group of loyal insured customers.
Health 100% C+ insurance 105 will be paid in five times for serious diseases and 60 mild diseases, with the insured amount of 30%, which is worth protecting.
One of the differences: the definition of mild serious illness is different from compensation.
1. Differences in underwriting types: In addition to paying attention to the protection of serious diseases, minor illnesses are also a link that users can't ignore when choosing products. However, the state has unified and standardized 25 kinds of high and critical diseases, and the ailments of each product are different. Without uniform standards, differences are inevitable.
The types of mild symptoms covered by the two products have their own characteristics. For example, China Life provides 48-hour coma protection, and the threshold for claims is low; But it does not cover the protection of minor diseases such as chronic renal failure;
Healthy 100% C+ provides protection for chronic renal failure, but there is no 48-hour coma protection. Companies have different definitions of ailments, so consumers can know what they are doing.
For more full text, please click: Taikang 100% C+ and China Life Extreme Edition.