How should I buy insurance?

Before purchasing insurance, you should first clarify your needs, and then choose the appropriate insurance product based on your actual situation. But with so many insurance products on the market, how should we choose? Here’s a summary for you, remember to take a look: There are so many types of insurance, which one should I buy first?

Generally speaking, we need to configure three insurance products: critical illness insurance, medical insurance and accident insurance. If we are the breadwinner of the family, we also need to configure a life insurance.

First of all, let’s talk about critical illness insurance and medical insurance. Critical illness insurance mainly protects major diseases. Once the insured suffers from the diseases specified in the insurance contract and meets the claims conditions, the insurance company will Make corresponding compensation. Different from critical illness insurance, medical insurance is a reimbursement insurance and can usually be used as a supplement to medical insurance. Most of them can reimburse expenses that cannot be reimbursed by medical insurance.

Speaking of which, here is a summary of several cost-effective medical insurance products for you. If you are interested, you can take a look: The latest ranking of the top ten million-dollar medical insurance products has been released!

The second is accident insurance and life insurance. Accident insurance mainly protects personal injuries caused by external, sudden, unintentional, and non-disease accidents. It is precisely because accidents are unpredictable, so We should configure accident insurance in advance to mitigate the economic risks caused by accidents.

Life insurance is based on human life as the insurance subject, and it is usually recommended to allocate the family's breadwinner. Once the family breadwinner is unfortunate, family members will also have the opportunity to obtain compensation from the insurance company to tide over the difficulties.

If you want to know more about the differences between these types of insurance, you can read this article: What are the differences between critical illness insurance, medical insurance, accident insurance, and life insurance? Will there be any conflicts during claims settlement?

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