How about the Great Wall Auspicious Life Return Multiple Payout Critical Illness Insurance? Is it worth buying?

Critical illness insurance with multi-time coverage for minor illness and serious illness and life-long pension insurance

Another masterpiece of Great Wall Life, the “first in the industry” return-type multi-time coverage for critical illness insurance is now on the market!

First sale date is June 16, 2017

The above is the promotional slogan for the launch of Great Wall Life Jixiang Life Critical Illness Insurance. To be honest, I am really looking forward to the launch of the new product. , which can give consumers more and better choices.

Now I will take my friends to take a look at this product. Is it worth buying?

1. Product introduction

Product form: Great Wall Jixiang Life Endowment Insurance + Great Wall Additional Jixiang Life Critical Illness Insurance

Whether the product is good or not is not just a matter of optimism. Whether it is bad or not can only be seen through horizontal comparison. There are already many multiple-payment critical illness insurance on the market, such as ICBC AXA Royal Life, Zhongyi Yuexiangan, Tongfang Global Health Lifetime Multiple Benefit, and Tianan Health Source Premium. I have written articles about in-depth analysis of these products before. You can click on the in-depth analysis of critical illness insurance: Zhongyi Yuexiang Health, Tongfang Global Health Lifetime Multiple Coverage, Tianan Health Source Premium

The following only uses As a representative, Tianan Healthyuan Youxiang competes with Great Wall Life Jixiang Life Critical Illness Insurance.

1. Comparative analysis of products

(1) Critical illness protection liability

1. Tianan Youxiang: 105 types of critical illness, divided into 5 groups, compensation 4 times. The interval is 180 days.

2. Great Wall Auspicious Life: 100 types of serious illnesses, divided into 2 groups, with 2 compensations. 90 days apart.

Comments: There is nothing to say about the types of diseases. Tianan Premium has many groups and can be compensated 4 times, which is good. Great Wall Auspicious Life can only compensate twice, and it is divided into 2 groups, but the interval is only 90 days. It is currently the shortest critical illness compensation interval in the industry!

(2) Mild illness protection liability

1. Tianan Premium and Great Wall Auspicious Life both have 50 types of mild illness and are not grouped.

2. Compensation amount: Tianan Youxiang pays more, 30% of the insured amount. Great Wall Jixiang Life only has 20% of the insured amount.

3. Interval: Pay 5 times, Great Wall actually has no interval!

Comments: Each has its own pros and cons, haha.

(3) Terminal illness protection liability

1. Tianan Youxiang and Great Wall Auspicious Life both provide compensation for the terminal illness.

2. Compensation standard: Tianan Youxiang will only refund twice the premium before the age of 18. The insured amount will be paid after you turn 18. However, Great Wall Jixiang Life Insurance can pay the larger of the three as long as the diagnosis is confirmed, and there is no age limit.

(4) Death liability

1. Tianan Youxiang: 2 times the premium will be refunded before the age of 18, and the insured amount will be paid after the age of 18.

2. Great Wall Auspicious Life: not only has death liability, but also total disability liability.

Comments: Great Wall Auspicious Life has won a lot.

(5) Birthday Gold

1. Tianan Premium: None.

2. Great Wall Auspicious Life: There is a birthday bonus, and you can choose to return the premium paid at the age of 70/75/79/88. However, there are conditions for receiving it: you can only receive it if there is no serious illness, death or total disability, or the contract has not been terminated.

Comment: The wool comes from the sheep, friends, please think about it carefully.

(6) Exemption from liability

1. All insured persons are exempted from minor illness and serious illness. The policyholder's exemption from liability is also the same: minor illness, critical illness, total disability and death.

2. Tianan Youxiang Waiver Fee: When Youxiang was new, I compared it with Tongfang’s multiple policy. It was more expensive than Tongfang’s multiple policy because the policyholder’s exemption fee can be refunded, so it is more expensive. Also acceptable.

3. Great Wall Auspicious Life: Like Youxiang, the exemption fee can be refunded, but the exemption fee is more expensive than Youxiang.

(7) Premiums

1. For the same age and insured amount, there is not much difference in premiums for children when claiming Great Wall Jixiang Life at the age of 70. It is 15% more expensive than for adults. There are more, and it is 41% more expensive. When you collect it at the age of 88, Great Wall Auspicious Life is 8%-10% more expensive

Comment: No matter how good the product is, part of the final decision-making power lies in the premium. A critical illness insurance that combines protection and pension, with the liability for birthday benefits is a highlight, but consumers need to pay for this highlight.