Is critical illness insurance health insurance or life insurance?

It belongs to health insurance. Critical illness insurance is an insurance that provides people with health protection. It takes people's health as the subject of insurance, and the payment condition is whether the insured has a major disease covered by insurance. Life insurance is a kind of life insurance with the life span of the insured as the insurance object and the life or death of the insured as the payment condition.

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Under normal circumstances, critical illness insurance takes the insured's serious illness as the basis for terminating the contract; Life insurance is based on the termination of one's life. So their contracts are terminated in different ways.

Usually in critical illness insurance, once the insured suffers from the disease guaranteed by the insurance contract, the insured can apply to the insurance company for compensation, and the insurance company will pay the insurance money immediately after the insured applies for confirmation; Life insurance only when the insured is completely disabled or dies, the insurance company will pay the insurance money. So their payment methods are different.

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