Is it necessary to buy health insurance? What do you think?

My dad thinks that health insurance is a must. Why? Because health insurance mainly protects diseases and medical expenses caused by health problems.

Birth, old age, illness and death are inevitable stages in life. Even if your lifestyle is healthy in all aspects, you cannot 100% guarantee that you will not get sick in the future. 1. Definition of health insurance

Health insurance refers to a type of insurance in which an insurance company pays insurance benefits to the insured for illness, medical treatment and nursing care due to health reasons.

Based on the definition, health insurance can be divided into two major categories, one is medical insurance and the other is critical illness insurance.

Medical insurance: It is an insurance used to transfer family medical expenses. When the insured person gets sick and goes to a medical institution for treatment and incurs medical expenses, the insurance institution will reimburse certain expenses according to the terms.

Critical illness insurance: The full name is critical illness insurance. It is an insurance that takes illness as a condition for payment of insurance benefits.

Medical insurance generally provides reimbursement after treatment, while critical illness insurance allows you to receive a compensation once the diagnosis is confirmed and the contract requirements are met. The combination of the two can better transfer disease risks.

Going back to the original question, is it necessary to buy health insurance?

If you want to transfer the risk of economic loss caused by the disease, then the answer to this question is that it is necessary. If you don't care about the loss, then it is another matter. 2. How to choose medical insurance?

1. What issues should you pay attention to when choosing million-dollar medical insurance?

1) Renewal conditions

Because most million-dollar medical insurance is for one year , there is no guarantee of renewal, so you must consider whether the accident will affect the renewal of the policy and whether there is a risk of the product being discontinued.

2) Health notification

In order to improve the stability of products, reduce the risk of discontinuation of sales, and control the proportion of insured persons with diseases, health notifications will be stricter, so please pay attention when purchasing insurance.

3) Deductible

Most million-dollar medical insurance has a deductible, which means that within this limit, the insurance company does not need to bear claims liability.

So when choosing, you should clearly read the insurance contract’s provisions on the deductible. The lower the amount, the better. It is best to have 0 deductible.

4) Occupational restrictions

Because the coverage of the million-dollar medical insurance is relatively strong, there are restrictions on many occupations, so before applying for insurance, you must understand clearly whether your occupation meets the requirements. , to avoid problems with future claims.

5) Renewal conditions

Because most million-dollar medical insurance is for one year and does not guarantee renewal, it is necessary to consider whether the accident will affect the renewal and whether the product has Discontinuation risk.

Friends who want to know more about the millions of medical insurance products can read: "Which is the best millions of medical insurance?" How much does it cost per year? 》. 3. How to choose critical illness insurance?

The choice of critical illness insurance is different from million-dollar medical insurance. In addition to considering the protection content, the insurance amount also needs to be considered.

In order to give everyone a more comprehensive understanding of critical illness insurance, Dad directly selected the more popular multiple-payment critical illness insurance, including critical illness grouping multiple payments and non-grouping multiple payments.

My dad gave a direct conclusion:

Pursuing critical illness protection: Guardian No. 3

Guardian No. 3 can pay out 150 in the first 15 years of the policy. Yes, you can also pay the basic insured amount of 120 for the second time.

Some people may think that there are products in the table that can pay up to 200, why not choose them?

One point to note here is that critical illness protection should pay more attention to the proportion of the first payment, because the probability of suffering from multiple critical illnesses is relatively low, so the first insured amount is more practical.

Pursue protection for moderate to mild illness: Ruyi Life Guardian Collector’s Edition

This product is diagnosed with moderate illness and can pay out a basic sum insured of 65 if it meets the conditions, while for mild cases, it can pay a basic sum insured of 50 , these two compensation ratios are relatively high, and the protection for moderate and mild cases is relatively strong.

Pursue secondary compensation for cancer: Ruyi Life Guardian Collector’s Edition, Jiaduobao, Beijixing

These three products all have secondary compensation for cancer, among which Ruyi Life Guardian Collector’s Edition A second compensation of 150 is available.

Through Dad’s analysis of health insurance, I believe that everyone has already made their own judgment on whether it is necessary to buy health insurance.

Hope to adopt it!

Source: Dadabao