What are the pitfalls of insurance: Does critical illness insurance pay immediately after diagnosis?

In fact, the insurance company will pay compensation even if a disease specified in the contract is diagnosed during the insurance period. For most diseases, the insurance company will pay the claim only after reaching the agreed state or performing the agreed surgery.

Next, the senior sister will tell you that in addition to the above points, there are other pitfalls in critical illness insurance that everyone needs to pay attention to.

1. The more types of diseases, the better

The more types of diseases a critical illness insurance product covers does not necessarily mean that it is better. What's more important is that the types of high-incidence diseases it covers are not comprehensive. After all, some products cover a wide range of diseases, but the actual claim settlement rates for many rare diseases are very low.

2. Protection of mild and moderate symptoms is not important

Generally, the development process of the disease is mild → moderate → severe. Therefore, a good critical illness insurance should not only provide protection for severe illness, but also protection for mild and moderate illness. In particular, protection for mild and moderate symptoms of high-incidence diseases is indispensable.

For those who want to know what a good critical illness insurance includes, don’t miss this article: This is what a good critical illness insurance looks like! You have been deceived for so many years...

3. The higher the insurance amount, the better

Many friends will think that the higher the insurance amount you buy, the less you will be able to pay for insurance claims later. You can get more compensation. In fact, everyone should know that behind high insurance amounts are often high premiums, and excessive premiums often cause serious financial burdens. Under excessive financial burdens, everyone's normal living standards will also be affected. Therefore, as long as the insured amount is sufficient, you don’t need to pursue higher or the highest insurance too much.

So, what is the appropriate amount of insurance coverage? Let’s see what experts say: How much insurance coverage is appropriate? Let’s talk about the secrets inside

In addition to the above, what are the pitfalls of critical illness insurance that everyone needs to pay attention to? Let’s take a look at what this article says: A look at the common pitfalls of critical illness insurance !

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