How Should I Pick my Insurance?

Critical Illness Insurance Selection Tips

Core content.

Premium: from two to three thousand to ten thousand.

Coverage amount: 300,000 guaranteed, usually around 500,000.

Coverage period: 30/70 years of coverage, coverage until age 70 or 80, for life.

Role of insurance.

It can be used to resist the risk of major diseases. If you get a major disease specified in the contract, the insurance company will pay a large amount of coverage, and this money can be used freely as treatment costs, follow-up rehabilitation costs, lost wages, etc.

Selection points.

① Coverage priority: Be sure to secure sufficient coverage first, then determine the coverage period.

② coverage content: must include adult high incidence of minor illnesses, pay attention to the high incidence of critical illnesses additional payout whether there is a time limit

③ Death coverage is not optional.

Million dollar medical insurance selection strategy

Core content.

Premium: a few hundred to a thousand.

Coverage amount: 2 million to 6 million.

Coverage period: one year.

Role of insurance.

Reasonable treatment expenses arising from hospitalization, whether in case of sickness or accident, exceeding the deductible, will be reimbursed up to 100%. The insurance will reimburse for purchased drugs, imported drugs, and parts that are not covered by social insurance.

Selection points.

① Renewal conditions: Give priority to those with good renewal conditions, so that you can continue to be covered even if you have a claim.

② Protection content: pay attention to whether the basic protection is complete, inpatient medical hospitalization before and after the emergency room, outpatient surgery, special tragic outpatient coverage must be there!

③ Extra points services: medical advances, green pass for medical treatment.

Term life insurance selection strategy

Core content.

Premium: a few hundred to a few thousand ranging.

Coverage: hundreds of thousands - millions.

Coverage period: 10, 20, 30 years, until age 60, 65, 70.

Role of insurance: To deal with the risk of death/total disability caused by accident or sickness.

Selection points.

① The more lenient the health notice, the better.

② The less liability exclusions the better, some fixed life exclusions are 3, 4, and some are 7.

③ Pay attention to the insurance liability, to include total disability liability.

④ Under the same protection strength, choose the cheaper one.

Accident Insurance Selection Tips

Core content.

Premium: tens to hundreds.

Coverage amount: hundreds of thousands to millions.

Coverage period: one year.

The role of insurance: to deal with the risk of accidents, such as: falls, burns, traffic accidents, food poisoning, etc., resulting in injury treatment or death.

Selection points

① Do not buy long-term accident insurance, but choose a one-year comprehensive accident insurance. The accidental death coverage for children under 10 years old should preferably not exceed 200,000 and the accidental medical insurance coverage should not be less than 10,000.

② Choose one with a low deductible for accidental medical treatment and a relatively high reimbursement ratio.

③ Choose the one that covers disability, not the one that only covers total disability or high disability.