What should I pay attention to when buying critical illness insurance?

1, death responsibility: 1+ 1 does not necessarily equal 2.

In the article "Classification of Critical Illness Insurance Products", we introduced several common critical illness insurance products in the market in detail, as shown in the following figure. The three kinds of critical illness insurance on the right all contain death liability, which we collectively call "savings critical illness insurance":

According to our normal logic, 1+ 1=2, if a person suffers from a serious illness first and then dies, the savings-based critical illness insurance must pay at least twice, with a serious illness 1 and a death.

But this is not the case.

2, cancer multiple payments: it is very important to see the payment standard.

With the development of modern medicine, people's life expectancy is prolonged, and the possibility of secondary cancer is not low, and cancer is difficult to cure. Many people are surrounded by cancer patients. We often see patients who are cured at first, but may relapse or metastasize after a few years. At this point, if there is a responsibility of "multiple payments for cancer" in the critical illness insurance, a second payment can be made.

I believe you also have plans to buy "cancer compensation", but we want to remind you here:

For the standard of multiple compensation for cancer, different products vary greatly, so be sure to look at the terms when buying!

(1) Choose 3 years instead of 5 years as the interval.

There is usually a period of time between two payments for cancer, which is called "interval period". Insurance companies can't pay for the first time today and the second time tomorrow, which is unrealistic.

For the interval setting, some critical illness insurance agreements are 3 years, and some are 5 years. Which one should we choose?

Imagine a scene where someone has cancer and dies four years after being diagnosed. In this case, "every three years" can be handed in twice, but "every five years" can't. Obviously, the "three-year interval" is more beneficial to us.

Moreover, in the clinical treatment of cancer, there is actually a concept of "five-year survival", that is, if a cancer patient can survive for more than five years after treatment, it is considered that the patient has been "cured" clinically.

(2) It's best not to stipulate what disease you get for the first time.

The first time I got cancer, the second time I got cancer. It is easy to understand that "multiple payments for cancer" can be paid twice in a row.

If you don't get cancer for the first time and get cancer for the second time, can you pay for "multiple compensation for cancer"? Of course, our policyholders want to pay, but in practice, some products don't pay.

Therefore, for multiple payments for cancer, the premise must be clearly seen, and it is best to:

The first time is cancer. If you get cancer in the future, you can pay for it.

If you get other diseases for the first time and then get cancer, you can also pay.

(3) For the second payment, the four states must be able to compensate.

Generally speaking, "getting cancer for the second time" has four states:

New findings, such as: esophageal cancer cured, three years later unfortunately got gastric cancer;

Recurrence, such as: breast cancer cured, recurrence after 3 years;

Metastasis, such as: originally thyroid cancer, the result was not cured, transferred to lymphoma;

Persistence, such as chronic myeloid leukemia, has been treated with targeted drugs, people are still alive, but cancer has always existed.

For these four "secondary cancers", some products are particularly refreshing and can be compensated; Moreover, some products are buckled, which limits the multiple payments for cancer.

Please remember three points about "multiple payment for cancer":

(1) The shorter the interval between cancers, the better. Don't choose the one with three years.

(2) If the first illness does not affect the second payment, then whether the first illness is cancer or not, the subsequent cancers must be able to pay.

(3) Don't choose the second compensation standard to bury the pit. It is preferred that the four States of cancer "new, recurrent, persistent and metastatic" should be able to compensate.

3. Multiple compensation for serious illness: some can pay for 2 times, while others only pay for 1 time.