In a blink of an eye, 2020 has passed halfway, and recently various insurance companies have successively released annual claims reports for the first half of the year.
Bao Ge sorted out the claims reports of 26 insurance companies and summarized the key information. Next, let’s take a look at it in detail -
During the epidemic, has the claims slowed down?
In the first half of 2020, due to the outbreak of the new crown epidemic, many industries have suffered varying degrees of impact, and insurance companies are no exception.
But even so, the claims settlements of various insurance companies have not been "disconnected". Many companies have also launched a green claim channel as soon as possible to ensure the efficiency of claims settlement.
Detailed data is as follows:
(click to view the larger picture)
Through these data, we can find:
1. Most people can successfully settle claims
Many people think that insurance companies have always "only charge money but not lose money", and make money by maliciously refusing to pay.
But this is not the case. Brother Bao said in the article " reveals that insurance companies make money like this " that the biggest source of profit for domestic insurance companies is investment income, not short of the amount of money that is not enough for claims.
Moreover, my country has strict supervision of insurance companies. Malicious refusal to compensate is an illegal incident. Therefore, insurance companies will not do such things that affect reputation and violate the law.
In addition, from the real data, the overall odds of 26 insurance companies in in the first half of the year were between 96% and 99%, and there were not many cases of refusal to pay.
In other words, insurance companies are not "reluctant to pay compensation". As long as they meet the terms and conditions, most people can get compensation.
2. Insurance claims are not slow. In terms of claims speed, no matter the company of , the average claim time limit is within 2 days. For example, Tongfang Global Life Insurance, the average claim time limit is only 0.39 days.
If it is a small-scale claim case, the processing time will be faster. For example, Huaxia Life only takes an average of 0.19 days, from applying for claims to obtaining claims, it only takes an average of 4.5 hours.
Of course, this is not the fastest.
In the past two years, with the improvement of online claims services, many companies have launched flash compensation and instant compensation services, such as Tongfang Global Life Insurance's small quick compensation service. From application to compensation, it only takes 7 seconds at the fastest, which is very efficient.
But it should be noted that some claims cases with relatively large amounts may take 1-2 months of investigation and verification before they can be settled.
So if you want to get a claim faster, it is recommended that you report the case as soon as possible after the accident occurs and prepare all the information required for the claim as soon as possible.
Judging from the claims data, have you bought the right insurance?
In addition to claims data, what we should be most concerned about is our own protection. Brother Bao summarized 4 insurance suggestions from the claims report in the first half of the year for your reference:
1, critical illness insurance : You must buy enough insurance amount!
Bao Ge said in "3 minutes to understand critical illness insurance " that the average cost of treatment for major diseases is generally more than 100,000 yuan, and the cost of treatment for such as cancer is usually between 300,000 and 500,000 or even higher .
In addition to this, there are various expenses incurred due to illness, including rehabilitation treatment, nursing expenses, nutrition expenses, and other expenses, as well as income losses caused by serious illnesses.
But from the actual claims data, we found that the insurance coverage for most people with critical illnesses for is not high. Taking the report of China-English Life Insurance as an example -
2020 China-English Life Insurance Claim Report
It can be seen that the proportion of critical illness compensation for less than 100,000 yuan is as high as 60%. In other words, among the people with critical illness compensation for MSV, most people only bought less than 100,000 yuan.
This little money is far from enough for the treatment of critical illnesses of 300,000 to 500,000 yuan, not to mention compensating for various nutritional expenses, rehabilitation expenses, and even income losses after getting sick.
So, if you plan to configure critical illness insurance for yourself, you must increase the coverage as much as possible. Brother Bao recommends that you allocate at least 500,000 yuan in critical illness insurance; if you have bought critical illness insurance but the coverage is not enough, you can consider adding insurance.
2. Pay attention to high incidence of diseases!
In critical illness insurance claims cases, malignant tumors are still the disease with the highest risk rate. Judging from the data of Great Wall Life Insurance and Huaxia Insurance , the risk rate of malignant tumors is above 60%.
followed by acute myocardial infarction, severe coronary heart disease and sequelae of cerebrovascular diseases .
2020 Great Wall Life Insurance first half claim report
Therefore, it is recommended that you configure some additional guarantees related to malignant tumors and cardiovascular diseases in a targeted manner, such as additional compensation for malignant tumors, malignant tumors/cardiovascular secondary compensation , etc.
In addition, it is worth noting that among malignant tumors, thyroid cancer has the highest compensation rate.
2020 first half of Tongfang Global Life Insurance Claim Report
Everyone knows that compared with other cancers, the cure rate of thyroid cancer is higher. The survival rate of most patients in 5 years after treatment can reach 97%, and the treatment cost is not much, and the overall cost of surgery is between 10,000 and 20,000 yuan.
However, some time ago, the China Insurance Industry Association solicited opinions from the public on the "Revised Version of the Definition and Use of Diseases of Major Illness Insurance (Draft for Comments)", which re-adjusted thyroid cancer:
- TNM installments are stage 1 and earlier thyroid cancer, and will be compensated for mild diseases (such as 30% of the insured amount).
- Other thyroid cancers are still compensated for severe illness (100% insured amount).
That is to say, if the content in the "Draft for Comments" does not change, then after the new regulations on critical illness are officially implemented, the compensation ratio for some earlier thyroid cancers in may drop to 30% .
So, if you have a risk of thyroid nodules or pay more attention to this protection, you can provide yourself with critical illness insurance as soon as possible.
3. Insurance for family pillars should be done as soon as possible!
From the claims report of Sunshine Life , it can be seen that whether it is a disease or an accident, the number of people in danger is mainly concentrated in 30-60-year-old .
2020 Sunshine Life Insurance first half claim report
And before the age of 60, this period is usually the pillar stage of the family, with old people and young people above and young people above. Whether it is a serious illness or death, it will bring serious economic blows to the family.
Therefore, the family pillar can plan and protect yourself as soon as possible, so that even if you encounter any misfortunes, we have insurance to support our confidence.
4, medical insurance is indispensable!
In Brother Bao’s view, medical insurance is a type of insurance that everyone should configure.
And from the claims data of various insurance companies, it can also be seen that medical insurance accounts for a very high proportion of claims .
is actually easy to understand. For example, small medical insurance, deductible is very low, usually 0 or hundreds of . Some minor illnesses and disasters in daily life can be reimbursed through it, so the possibility of using is very high.
and our common million-dollar medical insurance. has a high coverage and is fully covered, which can make up for the expenses that cannot be reimbursed for by medical insurance. As long as it is a medical expense expenditure within the coverage, the part that exceeds the deductible can be reimbursed. Compared with other insurance types, it is also very likely to be used.
In addition, the price of million-dollar medical insurance is also very cheap. A 30-year-old man can get millions of medical insurance at least 200 yuan a year. It is very recommended that everyone get one.
Bao Ge’s notes
has said so much, but in fact,Bao Ge wants to tell everyone:
insurance claims are not as difficult as imagined. The odds for are generally above 98%, and the claims speed is also excellent! After all, insurance companies also need to maintain their reputation~
The risk of critical illness should pay attention to . It is recommended that you choose products that target malignant tumors and cardiovascular and cerebrovascular diseases, which are more secure.
is more likely to use medical insurance, so it is recommended that you get one.
Finally, it is best to buy as soon as possible in insurance, especially the family pillars, and provide protection for yourself earlier so that we can have more courage to face the future.
