Critical illness insurance and cancer insurance can both cover cancer, how can we choose so as not to step into the pit?

People often ask, see critical illness insurance and cancer insurance can protect cancer, but the price is very different! Is it enough to just buy cancer insurance.

In fact, I would like to say, these two look is almost the same, in fact, there are still many differences, today we will take you to analyze some.

what is the difference between critical illness insurance and cancer insurance?

Cancer insurance is actually divided into two kinds, one is similar to the critical illness insurance diagnosed that is compensated for cancer insurance, and the other is a reimbursement type of cancer medical insurance.

Critical illness insurance means that if the insured person suffers from a major disease as stipulated in the terms of the insurance policy, the insurance company will pay a fixed sum of money in a lump sum according to the agreement of the contract.

Cancer insurance is similar to critical illness insurance, i.e. once the insured person suffers from cancer as stipulated in the contract, the insurance company will make a lump sum payment according to the contract.

On the other hand, cancer medical insurance belongs to medical reimbursement insurance, i.e. the insured will be reimbursed by the insurance company for the treatment costs incurred by the insured due to cancer.

What are the coverage of critical illness insurance and cancer insurance?

Critical illness insurance covers a wide range of diseases, and all critical illness insurance products on the market generally cover more than 100 kinds of diseases, including 25 kinds of common critical illnesses stipulated by the CIRC.

The first category of these 25 common critical illnesses is malignant tumor, i.e. cancer,Cancer insurance which means that all critical illness insurance policies include cancer coverage.

Cancer insurance is only for the acute protection of cancer, so cancer insurance belongs to the category of critical illness insurance.

Since the coverage of cancer insurance is relatively single, the health notification of critical illness insurance is much more lenient.

Therefore, if you can't pass the health notification of purchasing critical illness insurance, you can consider cancer insurance.

How to choose between critical illness insurance and cancer insurance?

First of all, about the health notification.

The health notification of critical illness insurance is strict, mainly for people who are healthy and can afford the premium of critical illness insurance.

On the other hand, the health notification of cancer prevention insurance is much more lenient than that of critical illness insurance, which is mainly for the following 4 categories of people:

Lower annual household income;

Over 50 years old and physically unable to purchase critical illness insurance;

People who are older and have a higher probability of developing cancer;

People who already have critical illness insurance and want to increase their cancer cover.

As for how to choose critical illness insurance and cancer insurance and this question, in addition to looking at the budget,Term Life Insurance the first choice to look at their own physical condition.

If you have enough budget, good health and suitable insurance terms, it is recommended to buy critical illness insurance, and the insured amount should not be less than 500,000 yuan.

If the budget is insufficient and the health condition is not good enough to insure critical illness insurance, then choose cancer insurance.

Is it possible to buy them at the same time?

Of course, if the budget is sufficient, it is recommended to buy critical illness insurance in stages, and then after the age of 40, when the probability of cancer is higher, then the cancer insurance can also be arranged as a supplement.

Precautions

Buy insurance, especially critical illness insurance must be early, the earlier you buy the more cost-effective, to the middle-aged and elderly people should pay attention to the age limit, to avoid the phenomenon of upside down premiums.

For partners who have a family history of disease but not morbidity, when buying critical illness insurance or cancer insurance, you must pay attention to the scope of coverage, and it is best to choose a product that can comprehensively cover the family history of disease.

In addition, pay attention to the waiting period, whether critical illness insurance or cancer insurance, are set up a waiting period, the waiting period generally ranges from 30 days to 180 days, for the policyholder, the waiting period is the shorter the better.

In the end

Critical illness insurance and cancer insurance are not mutually exclusive, but complementary.

As for how to choose, critical illness insurance is the first to buy, critical illness insurance in addition to cancer insurance can also be insured like myocardial infarction, stroke, Alzheimer's disease and other common major diseases.

Cancer insurance is specifically designed to provide protection against cancer. For people who cannot buy critical illness insurance or it is not cost-effective to buy critical illness insurance, as well as those who have already bought critical illness insurance and want to add a cancer insurance policy, it is suitable to arrange a cost-effective cancer insurance policy.

Precautions cancer insurance illness insurance

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