The full name of critical illness insurance, the principle is not difficult to understand. As long as you have a contracted illness, the insurance company will make a lump sum payment.It sounds simple, but there are many ways to say it We analyze critical illness insurance from three dimensions: the role of insurance, the content of protection, and the conditions of compensation: 

I can't count how many times I've been questioned like this: medical insurance is hundreds of dollars a year, the insurance amount is several million, and the medical expenses are completely solved, why should I buy you tens of thousands of yuan of critical illness insurance? This is a good question, let's assume a scenario: 35-year-old Li has been lying in a hospital bed for lung transplantation for more than a year, spending a total of 600,000 yuan in medical expenses;Fortunately, the medical insurance benefits are good, and there is commercial medical insurance, and the cost can reimburse a large part of the cost However, only Lao Li has an economic income in the family, and he has not worked for more than a year and has to rest for a long time.

What about family living expenses, children's education expenses, mortgages, and car loans?

It can be seen that although medical insurance has solved medical expenses, the family's economic situation is still collapsing.

And critical illness insurance will play a role at this time, pay a large amount of money at once, use it at will, and tide over this difficulty.

Critical illness insurance is a loss of income insurance that cannot be replaced by other types of insurance.

Mainstream critical illness insurance will have protection against critical illness and minor illness; However, many products still show moderate symptoms, even previous symptoms.

In fact, many mild, moderate, and pre-existing symptoms can be considered an early state of a serious illness.

Because the definition of severe illness is relatively strict, it is generally difficult to achieve;

Therefore, the development of mild to moderate diseases is to lower the threshold for claims, and even if they do not reach the state of severe illness, they will be compensated.

If you suffer from a critical illness, you will pay 100% of the sum insured; If the product is seriously ill only once, the contract will be terminated.

If you have a mild, moderate or pre-existing condition, you will pay less, usually between 30% and 60% of the sum insured;

However, the contract is equally valid after indemnification and can be compensated if you suffer from a serious illness.

Now there are more user-friendly products on the market, such as an additional sum insured before the age of 60, up to 200% of the sum insured,

Good value for money, and if your budget and physical condition allow, I recommend prioritizing:

As long as we think clearly about the specific risks covered by insurance, and then consider the content principles of critical illness insurance mentioned earlier, it is easy to understand what critical illness insurance includes.

（Writer：Jans）