all say that critical illness insurance is "bold". If you get the agreed disease, you can directly pay a large amount of money, which can be used to subsidize wage losses during the treatment period, nursing care, and subsequent rehabilitation and physical therapy.
However, critical illness insurance is not cheap. It takes several thousand yuan every year. If you pay for decades, it is not a small amount of money! If there is no danger, wouldn’t the premium be paid in vain?
Speaking of this, some friends will say: Then buy critical illness insurance that can "refund money". Although it is expensive, it will be taken back in the future. Just treat it as saving money and you also bought the guarantee. How cost-effective!
Is this true? Today we will help you get a plate: Which one is the most cost-effective to buy critical illness insurance in ?
- critical illness insurance, what are the common types?
- The critical illness insurance that can get back money even if you are not sick is really good? Which type of critical illness insurance is the most cost-effective? What are the types of
critical illness insurance?
When you see this problem, you may be a little confused: Are there different types of critical illness insurance? Isn’t it all the usual short-term and long-term ?
In fact, according to whether can protect death and whether the premium/insurance amount can be "refunded" when it expires, we can also subdivide long-term critical illness insurance into three categories:
- Consumption critical illness insurance : Only when suffering from a serious illness agreed in the contract will the insurance company compensate. If there is no insurance during the coverage period, the premium is equivalent to spending. For example, Super Mary 6, Darwin 6, etc., which are not protected by death.
- Saving type critical illness insurance: disease + death, this type of critical illness insurance is lifelong, because death is inevitable, so you will definitely be able to pay money in the end, such as Super Mary No. 6, i Insurance, Perfect Life 2022, etc.
- "Return" critical illness insurance: Insurance disease + death, even if our Pingping Anan contract expires, the insurance company can refund the premium, and a few products can even compensate for the insurance amount.
Look at it this way, if you buy a consumer critical illness insurance, if you don’t take the insurance, the premium will be paid in vain; but even if you don’t get sick, you will definitely get a sum of money.
In comparison, "can you lose money without getting sick" savings and "return" critical illness insurance sounds more "cost-effective"? But will insurance companies do this kind of "loss business"?
Let’s analyze it in detail with you below.
Is it really good to have a serious illness insurance that can even lose money if you are not sick?
Before answering this question, let’s take a look at the characteristics of savings and “return” critical illness insurance:
From this point of view, the premiums of these two types of critical illness insurance are quite high, but they can protect diseases and death, and you can get compensation no matter what.
But in-depth, savings and "return" critical illness insurance are not that simple. Let's analyze it in detail below.
, savings critical illness insurance
savings critical illness insurance can provide lifelong disease and death protection . Even if you never get serious illness in your life, people will die. can get a compensation for any amount of money, and is not considered a "loss".
However, compared with consumer critical illness insurance, saving critical illness insurance has two obvious disadvantages :
- shared insurance for critical illness and death: Serious illness and death can only be compensated for one of the critical illnesses. After paying for serious illnesses, you cannot pay for death.
- premium is more expensive: because of more death protection, the premium will be much more expensive than critical illness insurance that simply protects diseases.
For example, a 30-year-old man bought Super Mary No. 6 with a coverage of 400,000 yuan, and will be covered for life. It will be paid for 20 years. It will only cost 5,404 yuan if you don’t have to attach the responsibility for death. After adding the responsibility for death, it will cost 8,488 yuan, which is more than 3,000 yuan.
Therefore, for friends who want to protect "serious illness and death" with , they can use the combination of "consumer critical illness insurance + term life insurance" with . Let’s use a 30-year-old man as an example:
In this way, 400,000 yuan of critical illness protection + 1 million yuan of death = annual premium of 6,472 yuan, which is 2,016 yuan cheaper than Super Mary No. 6, which is with death protection.
However, don’t think that savings-type critical illness insurance is useless.
In addition to "must be able to compensate", its cash value will continue to accumulate, and will exceed the total premium we paid in decades . In other words, if we cancel the insurance of in a few decades, we can get back a lot of money, which is equivalent to "saving money in disguise".
Therefore, if value this and have a sufficient premium budget, you can actually consider savings critical illness insurance.
, "return" critical illness insurance
"return" critical illness insurance "treatment if you are sick, but you are not sick" has the protection seems "perfect", but there are two disadvantages that cannot be ignored:
- Some products can only compensate for one of three or one of the products: For example, if you compensate for serious illness, death and return, you will be invalid.
- premium is very expensive: We have to spend more extra money to buy the "maturity refund" guarantee.
It may not be easy for you to understand this. Let’s use a certain “return” critical illness insurance as an example. The main insurance of this product is both-wide insurance (you will lose money when you die, but you will be "return when you die at the age of 80). It is accompanied by three responsibilities: serious illness, mild illness and mild illness exemption:
It can be seen that in order to get the premium paid back at the age of 80, we have to pay 5,750 yuan on both-wide insurance every year. For a total of 30 years, we have to pay more than 170,000 yuan. Moreover, if you suffer from serious illness before the age of 80, the responsibility for death and "return" will be invalid afterwards.
In general, refund critical illness insurance seems to be very "beautiful", but in fact the premium is high, and the protection cannot be done with "return" critical illness, death and expiration date , which is very unfavorable for ordinary people.
Therefore, for most ordinary working people, we still recommend giving priority to consumer critical illness insurance.
consumption critical illness insurance is actually more cost-effective
Compared with the previous savings and "return" critical illness insurance, consumption critical illness insurance only covers diseases and has a more "pure" , so its premium has a great advantage among the three, and is more suitable for most working class.
Moreover, many consumer critical illness insurances are now very well protected, not only covering critical illness, moderate and mild illness protection, but also optional responsibilities such as additional compensation for critical illness, cancer and cardiovascular and cerebrovascular secondary compensation, which will be more comprehensive.
In order to help everyone better understand, we chose one product in consumption, savings and "return" critical illness insurance. Look at the when you buy 500,000 yuan insured and insured for life in . The difference in each protection and premium:
From the table, it can be seen that the advantages of consumer critical illness insurance Super Mary No. 6 are very obvious:
- protection is more comprehensive: Super Mary No. 6 and i-insurance both cover critical illness, moderate and mild illness protection, while this "refund" critical illness insurance lacks moderate illness protection.
- The premium is lower: also has a coverage of 500,000 yuan. A 30-year-old man only needs 5,300 yuan to buy Super Mary No. 6, which is more than 3,000 yuan cheaper than i insurance, and more than 6,000 yuan less than the "refund" critical illness insurance product.
Everyone knows that buying insurance means buying insurance amount. It would be even better if you could buy a higher insurance amount for less money. For friends with low budgets, consumer critical illness insurance is indeed a good choice.
written at the end
critical illness insurance, it is not that the more expensive the better.
For most ordinary workers, the consumption-type critical illness insurance that only guarantees diseases has higher cost performance and cheaper premiums.
Although savings-type critical illness insurance has an extra layer of death protection, "critical illness and death" can only be compensated for one, and the premium is much more expensive. In comparison, it is not as cost-effective as "consumer critical illness insurance + term life insurance". As for the "return" critical illness insurance, the price is generally high, and some products can only pay one for "serious illness, death, and refund of premiums" and are not suitable for most wage earners.
So, before buying critical illness insurance, be sure to think clearly about your needs and budget in order to choose a product that suits you.
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