There are so many types of personal health insurance, what is the most worthwhile insurance?

With the development of society and the improvement of people's living standard, people's demand for health protection has become higher and higher. With the frequent occurrence of diseases and increasing medical expenses,Cancer insurance personal health insurance plays an important role in providing individuals with a certain level of financial security and medical service protection. However, there are many different types of personal health insurance, which one should an individual choose to make the best purchase? This article will explore several aspects.

First, personal health insurance which need to be insured?

Personal health insurance is mainly divided into four types of insurance, which are: critical illness insurance, life insurance, medical insurance and accident insurance. We, first of all, to understand the role of these four types of insurance and protection responsibilities. For details, please refer to the chart below.

1. Critical illness insurance: usually directly pay out the amount of coverage, such as children's most common leukemia, nephroblastoma/women's high incidence of breast cancer, chronic renal failure/men's high incidence of lung cancer, the sequelae of severe stroke, etc., once the occurrence of a one-time compensation of hundreds of thousands of dollars, which can be very good to make up for the loss of income due to disease, rehabilitation costs and family members of the lost wages.

2. Life insurance: The protection responsibility of term life insurance is very simple, in case of death or total disability, a sum of money can be paid out to the family. Claims can be made for sudden death, illness, accident or death due to natural causes. This money can be used for the family's living expenses for the next 5 to 10 years, to avoid the sudden death or total disability of the family breadwinner, leaving the family in a difficult situation, so it is usually for the breadwinner of the family to configure.

3. Medical insurance: million medical insurance is used to solve the medical expenses, general hospitalization costs in addition to social security claims over the part of more than 10,000 deductible is 100% payable (with health insurance), in case of future illnesses, million medical not limited to social security, you can solve most of the medical costs. The price is also very cheap, a few hundred dollars a year can insure two or three million dollars of coverage, is all family members are recommended to configure the type of insurance.

4. Accident insurance is generally to protect the accident caused by the death / disability, plus accidental medical protection, such as life in the common fall, sprain, fracture, traffic accidents, are included. There are 2 major risks in life, in addition to disease is an accident, tomorrow and the accident who knows which comes first.

Second, the choice between insurance products

Above, understand the four major types of insurance between the responsibility to protect and role,Term Life Insurance then look at how to go to choose these four types of insurance.

1. Critical illness insurance: the choice of critical illness insurance, first look at the basic protection responsibilities such as: critical illness, moderate and minor basic responsibility, whether complete. Secondly, we will look at the high incidence of intermediate and minor illnesses to see if they are included in the product coverage, and whether there is any lack of coverage. Lastly, see if the definition of claims for minor and moderate illnesses is stringent compared to other critical illnesses on the market.

2. Life insurance: life insurance because the protection responsibility is relatively single, so we pick the corresponding life insurance products, we need to pay attention to is to see whether the product exemption is more? Secondly, then look at the product rate price, and finally go to see whether there is attached to some of the more distinctive protection responsibility.

3. Million medical insurance: medical insurance as a 1-year product, so the choice should first focus on the stability of its products and renewal conditions. Priority should be given to products with good renewal conditions, such as those with a guaranteed renewal period of 20 years. Secondly, then look at the responsibility of the protection of whether it covers the purchase of drugs, outpatient protection, and finally look at whether there is value-added services such as critical illness green pass, the cost of advancing these.

4. Accident insurance: Accident insurance covers accidental death and disability, while most accidents will come with accidental medical responsibility, we select the product to see whether these basic responsibilities are complete, and then look at the medical reimbursement of deductibles and reimbursement scope. Finally, look at the accident insurance in addition to these basic responsibilities, there are some more distinctive coverage, such as sudden death, traffic additional compensation or allowance benefits.

Write in the end

To summarize, when choosing personal health insurance, individuals should start from their own health status and risk tolerance to choose the most suitable insurance for themselves. At the same time, individuals should also consider the scope of coverage and the amount of benefits, the terms of the insurance contract and other factors. Only by considering all factors can an individual purchase the most worthwhile personal health insurance to provide more comprehensive protection for his or her health and finances.