What are the differences between mild, moderate and severe illness in critical illness insurance?

Because of the high incidence of serious diseases and high treatment costs, many people regard critical illness insurance as the first policy for their family and a policy that they must buy. But when I was shopping, I encountered difficulties. What about policyholder exemptions, multiple payouts, and grouping intervals... it seemed like reading from heaven.

Today we will focus on what the protection responsibilities of critical illness insurance are. The main contents are as follows:

1. What is critical illness?

2. What is mild disease?

3. What is severe disease?

4. Is it better to have more types of critical illness insurance?

First of all, let’s understand the basic concepts

1. What is severe illness?

Critical illness is a serious illness, and critical illness insurance was born to protect critical illnesses. If the insured is diagnosed with a major illness stipulated in the contract for the first time after the waiting period, the insurance company will pay the agreed insurance premium in one lump sum, such as The critical illness insurance you bought has a critical illness insurance coverage of 1 million. If you are diagnosed with liver cancer for the first time one year later, the insurance company will compensate you 1 million.

The so-called major disease refers to a serious disease that may cause death, significantly accelerate the premature death of a survivor, directly affect the survivor's ability to work and live, and is life-threatening and has a high mortality rate. , characteristics that require huge treatment costs, such as cancer, myocardial infarction, etc.

The number of critical illnesses covered by each insurance company is different, some are hundreds, some are dozens, but no matter how many are covered, the official regulations for the first 25 are the same. These 25 It is the core of critical illness insurance and can already cover about 95% of the risks. The rest is customized by the insurance company.

2. What is mild disease?

Mild illness lowers the threshold for critical illness insurance claims. The severity of the illness does not meet the standards for critical illness, such as early-stage carcinoma in situ, early-stage liver cirrhosis, mild stroke, etc., as long as If you meet the compensation standards for minor illnesses, you can receive compensation of generally 20% to 30% of the insured amount.

Claims for minor illnesses will not affect compensation for critical illness, so it is best to add liability for minor illnesses when purchasing. Some critical illness insurance also includes a minor illness exemption, which means that after you get a mild illness, you don’t have to pay subsequent premiums, but the policy is still valid, and you can still pay out if you get a serious illness in the future!

As for the specific minor illnesses that critical illness insurance covers, there are no official regulations. They are all determined by the insurance companies themselves, so pay attention when buying to see if high-incidence minor illnesses are covered.

3. What is moderate disease?

At present, there is no clear definition of moderate illness. Its severity is more severe than mild illness and less severe than severe illness. The compensation is more than that of mild illness. Generally, it is 50% of the critical illness insurance amount. %.

Is Zhong Zheng good? We also need to look at its origin in detail:

It was originally a mild disease, but it was upgraded to a moderate disease, and the claim requirements remain unchanged. That's very good, the compensation ratio has become higher;

What was originally a serious illness has been reduced to a moderate illness, and the compensation requirements have become wider. It's not bad, although the compensation is less, the probability of compensation has become higher;

It was originally a mild disease, but it has been upgraded to a moderate disease, and the claims standards have become stricter. That doesn't mean much.

Now that we understand the basic concepts, let’s talk about whether it is better to buy critical illness insurance with more types of diseases?

If it is critical illness insurance, the answer is of course not! As mentioned earlier, every critical illness insurance covers the 25 official critical illnesses. They account for more than 95% of critical illness insurance claims. Other illnesses should be selected according to your own needs, and each additional illness will be covered. , will be included in the premium cost.

For example:

The 30-year-old Mr. Zhao wants to buy himself a ten-year critical illness insurance, one covering 80 diseases, priced at 3,000 yuan. The price of 100 diseases is 4,000 yuan. When Mr. Zhao looked at the terms, he found that the 100 diseases included 6 more gynecological diseases than the 80 diseases, 6 diseases that are high in children but rarely suffered by adults, and 8 diseases for the elderly. High-risk diseases, whether these diseases are insured or not actually does not mean much. Therefore, it is more cost-effective to choose insurance against 80 diseases.

As for mild symptoms, the more, the better. There are mainly 9 common types of mild symptoms with high incidence. Including these mild symptoms, most of the risks have been covered. Others can be based on your own choices. Appropriate increase.

9 types of high-incidence mild diseases:

1. Very early malignant tumors or malignant lesions (carcinoma in situ);

2. Atypical acute myocardial infarction ;

3. Mild stroke;

4. Coronary artery interventional surgery (non-thoracotomy);

5. Cardiac membrane interventional surgery (non-thoracotomy); Thoracotomy);

6. Intra-aortic surgery (non-thoracotomy);

7. Severely impaired vision;

8. Specific area III degree burns (area ratio between 10% and 20%);

9. Pituitary gland tumors, brain cysts, cerebral aneurysms and cerebral hemangiomas.

Lastly, when it comes to medium-term symptoms, this is not a required option and depends on the specific product. If the premium is the same, of course you can buy it, but if the premium is much higher because of the gimmick of mid-term disease, it is not necessary.

Insurance class notes:

The more types of diseases covered by critical illness insurance, the better. It is recommended that when purchasing critical illness insurance, you should focus on high-incidence critical illnesses and minor illnesses, and other Choose rationally based on your own budget and needs.