Background statement: ordinary small transparent one, without any experience in the insurance industry (both online and offline), and no person or organization paid me advertising fees, hired me to write articles, the following content is for my family A little personal view of what I have learned in the process of configuring insurance. I hope this can help some insurance noobs like me, and try to understand their own needs and product features as much as possible when purchasing.
In particular, it should be noted that any insurance product mentioned in this article is limited to a horizontal evaluation in July 2019 and a choice based on my personal needs, and does not represent the future's good or bad and recommendations. Not fish.
The directory is as follows:
1. Why buy insurance? And why don't we buy insurance?
2. Uncover the mystery of insurance, the misunderstanding and truth about insurance that you need to know
3. Essential insurance purchase guide
4. Necessary insurance purchase recommendations and precautions
5. Strategies for Insurance Allocation for Different Age Groups
6. Things you must do before placing an order
7. Things you must do after placing an order
1. Why buy insurance? And why don't we buy insurance?
Regarding this question, I originally wanted to say, because we don't know which will come first, tomorrow or the accident.
Thinking about it again, it seems that insurance cannot prevent accidents from coming, so maybe being poor is a more appropriate reason.
But think about it again, Hollywood stars are not poor, but why do they often buy insurance for their ass and legs?
So maybe being poor is not the root cause, probably neither the poor nor the rich want to lose what they already have, or even if it is inevitable that we need to lose, we can get something in another way to make up for our loss .
Because of this, it can make us feel more secure.
Therefore, I think the root of insurance is to give yourself a sense of security.
You can see that in various charity crowdfunding platforms, every family needs help so much, but the power of dripping water is sometimes so weak. If they can build an insurance for themselves early in their limited income, maybe in When encountering difficulties, the pressure can be reduced, and the hope of life may be increased.
But why don't most of us buy it?
If buying insurance is for a sense of security, then not buying it is because of a sense of trust.
Because we don't know who to go to buy it from.
In the past few years, too many banks selling insurance on an agency basis have become blatant frauds for the elderly, causing countless elderly people to lose everything.
The insurance industry has been developed in China for 30 years, but the concept has not been deeply rooted in the hearts of the people in a very healthy way. Most people cannot understand the invisible and intangible way of consumption, which is like a meat bun beating a dog.
So the rebate type and the dividend type came into being. At first glance, it seems to be a good deal. At least decades later, my money will still be my money, and I even made a small amount of money. high.
Back to the original point, tens of thousands or even hundreds of thousands are spent, if I live a healthy life, the money will be gone? fraud!
There is even a slight taboo on disease and death. My grandfather lived to be 108 years old. Why do you fool me into buying cancer insurance? Are you cursing me? Why should I buy insurance if I am healthy? People with problems would want to buy insurance.
Therefore, out of distrust of agents and brokers, distrust of product models, disapproval of consumption methods, and even cultural taboos, we do not want to buy insurance.
Is it really?
In fact, the reasons for not wanting to buy insurance seem to be these, but in the final analysis it is because of our unequal information.
Without any preparation, do you know what the reimbursement rate is? Do you know which types of serious illnesses are regulated by the state? Do you know what is mild grouping? How long is the waiting period? What is the maximum amount of compensation for children's accident insurance?
As an ordinary person who has never been in contact with the insurance industry, it is 100% impossible to answer.
I don’t know, I don’t know where I can get it, and I don’t know where the news I know is true, so it creates information asymmetry, and information asymmetry will lead to the above-mentioned distrust and resistance to financial products such as insurance.
what to do? To learn, to listen and to understand, to obtain information from multiple channels, and then confirm each other, and then distinguish by yourself.
If you really want to be a hands-on party, then you'd better take some time to understand the content mentioned in this article, and then choose. If you still don't want to, then I suggest you choose the most expensive one offline , Let the agent help you configure according to the maximum amount, as long as you are not short of money, this must be the most trouble-free way.
Otherwise, let yourself learn a little insurance knowledge, it is cost-effective to spend a little time.
2. Uncover the mystery of insurance, the misunderstanding and truth about insurance that you need to know
As the saying goes, Wang Po sells melons and sells herself. No matter online or offline, brokers and agents will yell that their melons are the sweetest and make money well. This is justifiable and beyond reproach.
However, if the information is not equal, it is recommended to judge the various recommended words by yourself, and then choose who to believe. The following lists some words that appear most frequently in the process of purchasing insurance. , to make a simple explanation of the current situation and characteristics of the domestic insurance industry. Maybe some questions do not have a standard answer, it doesn’t matter. The important thing is that you should understand these questions and have your own understanding and judgment on the answers. It's not enough to just follow what others say.
1. Small company? big company? Which scale should I use?
Agents of big companies are usually very willing to say that only they are big companies with noble blood, while all the companies that are messed up on the Internet are small companies. And how can a small company believe that. I think this is only half true.
If the total assets are used as a measure, there must be large and small companies in an industry. This is normal, but the insurance industry has its own particularities. Compared with other industries, its entry threshold is higher, and the registered capital is required to be paid in. The monetary capital is at least 200 million yuan, and it is said that in order to obtain an insurance license, a registered capital of more than 1 billion yuan or more is basically required.
Therefore, it is basically impossible for purely unreliable leather bag companies to appear in the insurance industry, but if there is a competition in the industry for registered capital, there is indeed a difference.
But regardless of the size of the company, they all have the same father, that is, the China Banking and Insurance Regulatory Commission.
In addition, this father also has a set of magic spell system for all his sons, referred to as "Second Generation Compensation". They are all very advanced, and it seems that the only thing that can fight against it is a system that is about to be launched by the European Union (I am not sure whether it will be launched or not).
So for the so-called small companies, the curse is on 24/7. As long as they reach the warning line, the father of the China Banking and Insurance Regulatory Commission will interview them for rectification and try to trick people into running away.
2. Is a company with a high solvency rate reliable?
Agents of large companies usually also popularize a word to clients is "repayment rate".
The repayment rate of hundreds of times feels really powerful and powerful.
But what the hell is this?
Here we need to show the curse of the father of the China Banking and Insurance Regulatory Commission again to take a look.
This solvency rate is actually a risk warning line based on the "Second Generation" system.
The China Banking and Insurance Regulatory Commission has two requirements for the reimbursement ratio of insurance companies:
The first is: the comprehensive solvency ratio cannot be lower than 100%, and the second: the core solvency ratio cannot be lower than 50%. This is equivalent to the passing line of the exam for the sons.
What happens if a company's solvency ratio is exactly 100% and its core solvency ratio is exactly 50%?
It is said that the probability of such a company going bankrupt without money to pay is about 0.02%.
And only use the solvency ratio to evaluate the strength of a company. The top-ranked companies are almost all the "small companies" you have heard and heard. As much as 2000%.
Therefore, it is meaningful to know the solvency ratio of a company, but it is unreasonable to evaluate the strength of a company only by the solvency ratio.
3. Can't get compensation if the company goes bankrupt?
Well, now we know that as long as the sons pass, there is no such thing as a lack of money to pay.
So what if the son fails? What if the insurance company goes bankrupt?
The mechanism of "Second Generation Reimbursement" has basically guaranteed that most insurance companies have to find a way to save themselves. Secondly, if the insurance company is really not up to date, the China Banking and Insurance Regulatory Commission will take over and help you find another home, reorganize, and blood transfusion. After you return to normal Before, the father of the China Banking and Insurance Regulatory Commission also had an insurance protection fund of more than 90 billion yuan to help such unsatisfactory sons tide over the difficulties and ensure that the insurance policies of individual users can be paid smoothly.
90 billion, what kind of order is this? A critical illness insurance is only 500,000, so there is nothing to panic about.
Did the insurance company go out of business?
There are some that are not rigorous. I think everyone has heard of Xinhua and Anbang. The inside story of the industry is not the focus of this article. Simply put, the two companies are not doing well. Users are not compensated for the company's problems. (I personally didn't find relevant information, if anyone knows, please provide it)
Of course, some ETCs may say that if there is no such thing now, it does not mean that it will not exist in the future, but similarly, a big company now does not mean that it will be a big company in the future. This assumption is meaningless.
4. What is the relationship between other people's commission and you?
When brokers and agents pinch each other, they always like to say that half of their premiums are commissions.
em... I don't know what's wrong, I feel that if I choose such a product, I will be a fool, as if there is no commission in the premium, I will take advantage of it.
As the saying goes, there is a way to make money. This is a commercial society, not a primitive society. If you want to make money to eat, others also want it. Whether you take advantage of it depends on whether the product you choose is really suitable for you.
How much money people make really has nothing to do with you.
Jack Ma is so rich, why don't you use Taobao?
Focus on where you should pay attention, and don't listen to all kinds of rumors about who has a low commission.
5. The terms are all deceptive?
This is one point that big companies prefer to diss small companies. One thing to say is that their terms are basically fooling people.
Really? Of course it's fake!
You are willing to believe because you simply don't want to open the dozens of pages of terms and conditions and read it line by line.
Of course, there is also the problem of professional threshold. After all, not everyone is a doctor or a lawyer.
Those hundreds of disease names are put together, and no one really knows anyone.
There is nothing deceiving about the terms and conditions. He does not need to bear legal responsibility for lying to you. He is not afraid of the China Banking and Insurance Regulatory Commission?
As a legal contract, insurance clauses are protected by national laws. If there are overlord clauses, the country will favor you. (Having said that, it’s not for you to become an ETC to find bugs in terms every day. How can products with so many bugs pass the review and be sold? You’ve been punished by the China Banking and Insurance Regulatory Commission in a small black room.)
As for the invisible clauses, hidden classifications, etc., it's all because you didn't read carefully, so don't rely on the insurance company.
Later, I will specifically talk about the terms and conditions that should be paid special attention to for each type of insurance.
6. Choose products or services?
If you want to buy a bag, should you buy Taobao 9.9 free shipping, or go to Hermès to buy a limited edition? (The analogy is a bit exaggerated, don't mind, the gap between various products is not so big)
How to answer this question depends on what your personal needs are.
For example, if you are Wang Jianlin, there is really no need to rummage through various posts in Zhihu to make up lessons, and carefully buy a 199 accident insurance, because the value of your one minute far exceeds the possible income of your insurance, so It is enough for people with the best service to choose an agent with the best service to customize an insurance for you. They don't need to know about C-ROSS at all.
If you are an ordinary salaryman like me, with seniors and juniors, and wishing to divide your monthly salary into 60 shares, then I think you should not worry about the one-to-one high-quality service of a private butler. That is the flower of the brocade, and we don't have the brocade yet. What you have to do is to solve it yourself, choose the most cost-effective solution, and maximize your quality of life within limited funds.
What about services? Every insurance company has a customer service hotline. If the customer service cannot solve the problem, there is a court. What you bought is a legal contract. Do you still need a team to welcome you when you enter the court? (Of course, normal problems can be solved by customer service, and we will not go to court under normal circumstances)
7. Cheap but not good?
This is also a favorite of big companies. How dare you believe such a cheap insurance premium?
Normal logic seems that my choice can only be dare or not.
But wait a minute, may I ask who drew this standard line that is not cheap?
Based on some products of large companies, the products of other companies may be very cheap, but conversely, if the products of small companies are used as the target, are the products of large companies a bit expensive?
If the terms meet the needs, why don't we choose a product that is more cost-effective for us?
8. What if the insurance is discontinued?
The word "stop selling" is like a precious sword in the insurance industry. Everyone loves to use it, and it can be used both positively and negatively.
Let’s talk about the so-called “positive” first. Many companies like to use the suspension of sales as a selling point. If you have nothing to do, they will shout that xx products will be discontinued soon. Buy, buy, and buy quickly. Buy buy buy. But if the Banking and Insurance Regulatory Commission really asks it to stop selling, can it be the agent's turn to shout for weeks and months?
The core content to be considered in choosing a product is its terms. As for other words, they are all lingering and charming smoke. Seeing the essence through phenomena is the core.
Let's talk about the so-called "reverse". When short-term insurance products are fighting each other, they like to say that this product has the risk of being discontinued. If you buy it for one year and stop selling it, you will have no protection. Really? Well, half of half.
For example, medical insurance basically has a one-year period, but if the product is discontinued, you have no way to renew the insurance. If you are now 65 years old and end up buying a medical insurance that will be discontinued the next year, you may indeed be at risk of having no more insurance to buy.
However, if I tell you that all medical insurance (except for a good medical insurance) does not promise in the terms that it will not stop selling, everyone has risks, and it is not just for you. I don’t think this is called a risk.
Moreover, the iterative development of products must be getting better and better. With the trend of population aging, the design of insurance products will continue to cover larger age groups.
The real way to worry about tomorrow is to buy as soon as possible, instead of not being afraid to buy as soon as you hear that the sale is going to stop.
9. Who should I choose online and offline?
Having said so much, I have basically listed all the common words in the insurance sales process that I have seen and heard recently. Then the ultimate question comes, who should I choose?
My method of absolute dichotomy creates a hostile atmosphere inexplicably, as if the choice can only be either or, you choose a product you need, not a purchase channel . If you have been to Taobao, can’t you visit JD.com? Do you never go to Wanda again because of online shopping?
No need, really no need.
3. Essential insurance purchase guide
1. What are the necessary insurances?
Taking the family as a unit, everyone must have a medical insurance, everyone should have an accident insurance, everyone should have a critical illness insurance, and all members of the core pillar of the family economy need a life insurance.
Briefly introduce the usage in turn:
Medical insurance is simply used to make up for the part of the amount that is not reimbursed by social security when you are sick and hospitalized for surgery.
But if you have a cold and go to the hospital to prescribe a medicine, conventional medical insurance basically does not cover it, and you must know that social security may not even cover it. If you require insurance reimbursement for all your needs, the premiums will be very high. If you have enough money, it’s not a problem if you have special needs. What we have mentioned here are just the basic must-haves.
Medical insurance means that after deducting the part borne by the social insurance, the reasonable expenses within your insured amount are borne by the insurance company.
Usually, each person only needs to purchase one full amount of medical insurance. Because it is reimbursed based on documents, it is impossible for another company to claim the expenses that have been reported to you by one company, so there is no need to buy more.
Critical illness insurance, a critical illness insurance usually lists more than 100 diseases, as long as you have one of the diseases and have a compliant diagnosis record, the insurance company will compensate you according to the contract without requiring you to provide expenses documents. Simply put, you will be compensated if you get sick in the contract.
Usually the meaning of this type of insurance is that if you get a serious illness, you may not be able to work normally, and your daily source of income will disappear, so this part of the insurance amount is basically used to make up for this loss of income, so as to ensure that you are not ill. Here, the consumer demand and quality of life of the whole family will not be affected. So generally, this insurance amount is your total income for 3-5 years. If you have the ability, you can buy more to resist risks.
Life insurance, to put it simply, is to pay you money as long as you die during the insurance period you choose, whether it is a disease or an accident (intentional suicide is not counted).
It is not necessary for children to buy this insurance, nor for the elderly (the cost is relatively high, unless the economic income brought by the elderly in the family is particularly considerable, judge for yourself), members of the core economic income of the family must buy it, especially if they have a mortgage or a car loan Members of the family who are burdened with loans.
The premium of this insurance is usually to cover your loan income, children's education funds, and elderly pension funds. Every family is different, so figure it out yourself.
Accident insurance, simply put, an accident is a broken bone, being hit by a car, etc. The exact definition is subject to the insurance clause).
Personally, what I value more about accident insurance is the terms of accident medical treatment , which will be explained in more detail later.
In addition to the daily accident insurance, I usually buy an accident insurance covering overseas medical treatment separately before each trip. If you are a person who travels frequently, it is necessary to increase the traffic accident insurance when purchasing daily accident insurance. Proportionally, this method is far more cost-effective than buying insurance when you buy a single ticket.
2. Prioritization of necessary insurance
If the cost is limited, I think the order of priority is:
Families without loans and deposits: Medical insurance > Critical illness insurance > Accident insurance > Life insurance
Families with loans but no deposits: Medical insurance > Critical illness insurance > Life insurance > Accident insurance
3. How to allocate limited funds?
If funds are limited, medical insurance is preferred.
For long-term insurance such as critical illness insurance, except for the elderly who are nearly 60 years old, other groups of people can appropriately shorten the insurance period and extend the payment period (note that it is appropriate, this is only on the premise that your funds do not allow it).
Life insurance is measured by loan demand, and accidents can be a gamble not to buy.
But you must first arrange the medical treatment. Don’t think that I have a loan and just buy a high-value life insurance. To put it bluntly, if you get sick and die, life insurance will not bear a lot of medical expenses. Don’t make a mistake in the order .
4. How long should the term insurance be fixed?
Usually people say that the longer the better, so that it can cover a long time. This is the truth, but... I don’t have that much money.
I bit my pencil and calculated, and the difference between buying 60 years old, 80 years old and lifelong is really a lot of money.
And I personally have a point of view, have you considered inflation?
Even if the annual inflation rate is about 3% according to the national standard, then 500,000 in 40 years will be equivalent to the current 150,000 (I am not very good at mathematics, please correct me if I make a mistake), and 150,000 for serious illness, haha , of course, a penny is money.
But my thoughts on term insurance are:
If the elderly are close to the upper limit of the insurance age, then buy as long as possible.
If you are a young person, such as a newcomer to the workplace who has just graduated, if the funds are limited, it is okay to shorten it, because when you are 30 years old, 40 years old, or even 50 years old, you will have the opportunity to adjust and optimize your insurance structure.
Another example is the term of life insurance. I think the reasonable range is the time point when the loan is repaid , and even a time difference of 2 or 3 years is acceptable, because considering inflation, your loan amount will not be as good as it is now. It looks so stressful.
Another example is a child’s critical illness. Although there is lifelong critical illness insurance, if the funds are limited, you can only choose for the child until the age of 25 or 30. When he has income from work, he can deploy his insurance structure again. And after decades of product iterations, the terms and content will definitely be better.
So I have summed up the time limit as follows: choose rationally and do what you can.
5. How much should the insurance cost?
Some agents or brokers suggest 20% of family income, which I think is too high. According to the family pressure situation, I think the insurance cost accounts for 5%-10% of the family's annual income, which is more reasonable .
4. Necessary insurance purchase recommendations and precautions
(Declaration, the following recommendation is only based on the horizontal comparison of products I know in July 2019. It is my personal choice, and I do not provide any purchase channel recommendations. No matter what product you choose in the end, I suggest you go carefully. Find out, see if it meets your needs, don't copy what others say)
1. Medical insurance: ZhongAn Exclusive e-Health Series
Children and adults under the age of 60 can buy the 2019 version, and seniors aged 60-65 can choose the parent version.
What should be noted here is that there is a proton heavy ion, a medical treatment in Japan and a special medical treatment in the optional items. I checked the information and personally feel that the proton heavy ion is not particularly meaningful. The first scope of application is still limited tumors Illness, secondly, there are few hospitals, and it is not ruled out that the waiting time or being rejected is not ruled out. The third effect is still controversial in the medical field, so I personally have no choice.
When going to Japan for medical treatment, you should choose according to your personal needs. If you can afford it financially and the insurance premiums are affordable, if you think you may have such a need, then choose it. These additional terms are all added, the core is to let the main content give oneself the greatest protection.
Special needs medical treatment, I personally choose this, if the disease really meets the claim conditions, I have the opportunity to receive better medical conditions in China as much as possible, I think the cost performance is not bad.
There is also a family exemption. If necessary, you can calculate the price and decide for yourself.
Medical insurance is renewed every year. If the product is discontinued as a whole, you will not be able to buy it. Then just look for products that are on sale or upgrade products at that time.
Regarding one-year products, you can look at the company's solvency rating. As long as you are not warned by the China Banking and Insurance Regulatory Commission, the risk is very low.
Of course, if the product does not stop selling, continuous purchase is the most ideal, so as to avoid the risk of the waiting period, so you can learn about the recent products in advance before renewing the insurance. If you really need to replace the product, you can buy it in advance to avoid the waiting period. neutral.
2. Critical illness insurance
I chose Everbright Sun Life’s Super Mario for myself (I must look at the insurance company, because there are other companies whose products also have this nickname), which is very friendly to girls .
Because I bought life insurance, I didn’t superimpose his death protection here. If you don’t have a loan burden and think you can consider death protection, you can evaluate the cost-effectiveness by yourself. Personally, I think it’s a bit expensive, so it’s better to buy life insurance directly cost-effective.
Super Mario’s moderate disease group and mild disease group are not divided into groups. I think it is more conscientious. Compared with a big brand, it seems unkind to group the mild disease group with the highest incidence rate. The disease may only be compensated once.
As for the 6 most common mild symptoms, you can search for them yourself. No matter what product you buy, you have to check whether its mild symptoms include these symptoms and whether they are grouped. There is no clear division of moderate disease, let's compare it yourself.
Among the critical illnesses of critical illness insurance, there are 25 major categories that are uniformly stipulated by the state. No matter which company’s products are in these 25 major categories, they must be included, and the rest are added by each company themselves. The gap is not too big . Because these 25 types are also high-incidence diseases, it is enough to cover them with a high probability.
Another feature of this product is that the payment is doubled in the first ten years , which is equivalent to a better guarantee in the stage of career struggle. At least in terms of psychological experience, it feels better.
As for the guarantee period, as mentioned above, make an optimized choice according to your current age. If you are not short of money, you can choose 80 or even lifetime, and continue to add new products later.
Children's critical illness insurance, I compared the best-selling Sunshine Baobao and Mommy Baobei
At that time, my online agent suggested to me that I should make Mommy Baby a lifetime and Sunny Baby for 30 years, considering inflation and investing the time I gave up for life.
But who to choose in the end makes me have a hard time.
The biggest advantage of Sunny Baby is that the amount of insurance is increasing, which can largely resist some inflation. However, its number of severe and moderate illnesses is less than that of Mommy Baby, which makes people worry that the protection for their children will not be comprehensive.
So I took the two terms and compared the two diseases one by one. Let me briefly talk about the conclusion. Some of the severe illnesses of Sunny Baby are moderate and mild in Mommy Baby. If anyone is interested, I will post detailed comparison instructions later.
Anyway, after a comparison, in order to cover my children as comprehensively as possible, I chose both insurance policies for 20 years, and the premiums only need to be paid for 10 years. In this way, if there are other more reasonable products after 10 years, I can continue to pay for them from an economic point of view. The child will add a longer period of time. After the child enters the society and has his own income, he will continue to adjust his insurance products to ensure that he always has a comprehensive anti-risk support.
3. Life insurance
I bought the upgraded version of Rui Tai Ruihe for life insurance, because the price is more friendly to women. Frankly speaking, Rui Tai Ruihe's rating is not the most ideal. After all, life insurance is a long-term insurance. If something really happens in a few decades Transfer and takeover, you may lose about 5% of the premium, but I have ignored this issue for the time being when signing the cost-effective interview, because I will have the opportunity to adjust my insurance again in a few years, and the cost-effectiveness is indeed what I value most at the moment .
4. Accident insurance
As mentioned above, if there are financial difficulties, accident insurance may not be a necessary insurance. If you have already purchased life insurance, accident insurance should pay more attention to the content of accident medical treatment, because accident insurance cannot exceed life insurance for death compensation.
But if you are a frequent traveler, you can pay attention to the compensation amount of traffic accident insurance when choosing accident insurance. If you only need to travel occasionally, you can purchase short-term travel accident insurance before departure.
Daily accident insurance should focus more on accidental medical treatment , such as broken bones, being bitten by a dog, etc. The probability of accidents in daily life is relatively large, and follow-up needs to involve medical treatment. Products with better accidental medical terms can be Let you get some compensation and comfort in this kind of small accident that is not a big deal but also very disturbing.
As for the content of sudden death, it can be decided according to personal work pressure and industry. I personally think that if you buy life insurance, this can be ignored.
The accident insurance I chose for myself is Allianz’s Million Rose , which is also female-friendly. Although there is a minimum payment, it is not limited to medical insurance medications , and accidental medical care covers overseas hospitals. A make up would be nice too.
I chose Xiaomi Comprehensive Accident Insurance for my family. Zhihu previously commented on this product that his medical care can only be covered by social insurance, but I downloaded Xiaomi Finance and saw that the terms were 100% compensation, both 500,000 and 1 million So, in this way, the unexpected medical quota of 50,000 and unlimited social security, I think it's not bad.
However, Xiaomi has a small problem that it cannot automatically select the beneficiary. Usually there is no problem, but if there is a dispute in the family relationship, you must choose this product carefully.
The child’s accident insurance is Cathay Pacific Insurance’s Peter Pan . The version above 3 years old adds specific diseases for children. The medical part is 20,000 yuan and 100% reimbursement. At the same time, 50,000 yuan of three-party liability insurance is added. I feel The added value of the additional insurance is not bad, 9 yuan more expensive than the Ping An Naughty Boy with the same 20,000 medical treatment, but with three additional insurance protections, I feel that the cost performance is better.
5. Suggestions on insurance allocation for different age groups
In fact, these configurations have been mentioned many times before. In order to be more intuitive, I will explain it from the perspective of age.
Student family: medical care + 20-30 years of critical illness insurance + accident insurance
Office workers: No loan burden medical care + 30 years of critical illness, accident and life insurance depends on personal preference With
loan burden medical care + 30 years of critical illness + life insurance + accident
Elderly people: medical treatment + serious illness + accident for as long a period as possible
6. Things you must do before placing an order
After figuring out what is going on with insurance, what to buy, and the functions of different insurances, it is time to enter the actual operation stage-place an order.
Before you choose a product and place an order, you need to complete the following things first——
1. Carefully read the insurance terms
No matter which way you get any products from Amway, I suggest you carefully read the insurance clauses, because the graphic introductions on some platforms are not very accurate and detailed for the sake of attracting attention. As a contract that protects your property and life, you must take a closer look, look at the waiting period, look at the type and scope of the disease, look at the compensation method, and see whether a certain disease is recognized from your birth or not. Starting from the effective date of the policy, etc.
2. Health notification
Before we knew about insurance, we always heard the news that xx insurance refused to pay in our daily life, most of which were caused by health notifications.
In China, the health notification is a limited notification , that is, if you have had the disease mentioned, you must tell the truth. If it has not mentioned the disease you have, you don’t need to inform it.
In Hong Kong, unlimited notification is implemented, that is, you have to tell the insurance company in detail about all the diseases you have suffered from birth.
Don’t take chances to hide your illness. If you don’t meet the conditions and refuse to insure or increase the insurance amount, even if you change a product, you have a choice. If you insist on concealing it, if it really involves claims, the insurance company will find When you don't tell the truth and then refuse to settle the claim, there is nothing but despair.
After all, when we buy insurance, we buy the leverage effect. We hope to exchange less money for protection when risks occur. At that time, when you really need money, and you don’t get any compensation at that moment, don’t you regret it?
In addition, if you are uncertain, you must choose intelligent underwriting to explain, and if necessary, intervene in manual underwriting. If you have doubts about the time description of some terms, you must call the customer service on the official website. Taobao and Tmall stores will not work, so don’t believe it. their words . When I have time, I will take a look at the problems I encountered at the time.
3. Selection of beneficiaries
If you buy life insurance, you must think about who your beneficiary is. If you care about accident insurance, you should also carefully consider it. why?
The order of beneficiaries stipulated by Chinese law is: parents, husband and wife, children.
The beneficiary disputes that tend to appear in various legal programs are often because there is no special agreement to designate a beneficiary. When an accident occurs to the parties, the compensation according to the law is difficult to settle. For example, what stepchildren, stepparents, etc., so think about the choice according to your family structure.
4. Payment method
Usually, the payment method is annual payment. Some products seem to support quarterly payment, but the price-performance ratio is not as good as annual payment. If you feel that you are really not good at saving money and worry that you will not have funds when you pay premiums, then choose quarterly. If the product you choose supports it .
The payment period should be as long as possible . For example, if you buy a critical illness insurance policy for 30 years, you can choose a single payment period, 5 years, 10 years, or 20 years. Then you must choose this 20-year policy.
Because what we buy is leverage, and we don’t expect to earn interest from a one-time investment. If we get a claim after 15 years, then we don’t need to pay the fees after that, and the fees paid before will definitely be less. And if you pay premiums for 10 years, it means that you have paid all the premiums for 30 years in 10 years, whichever is more cost-effective, you can understand.
5. Choice of purchase time
If it is a family purchase, it is recommended to choose the same time to place an order, so that the payment is made once a year, and it is not easy to miss. Of course, it doesn’t matter if you place sporadic orders due to various circumstances, and how to manage your insurance policy will be mentioned later.
4. Things you must do after placing an order
1. Policy collection
Most online products only provide electronic policies, but I received a paper policy for life insurance for some reason, and the electronic paper policy does not matter, and the legal efficiency is the same.
The storage here not only refers to the storage of paper documents, but also includes electronic insurance policies. Usually, the policy will be sent to your reserved mailbox. You can add a star to the mailbox. It is best to download a copy and save it on your computer or mobile hard disk. Wait for the storage device. Create a separate folder and sort it by year or member, which will be very convenient in case you need to find it.
Here I would like to complain about Xiaomi’s accident insurance policy, which needs to be downloaded by myself, and there is no systematic file for the terms and conditions.
2. Notification from family members
The insurance policy is not a surprise, and the beneficiary should be informed of the relevant information after purchase, in case of emergency.
3. Renewal reminder
Sometimes our insurance policy does not have a uniform purchase time, and there may be different times of the year when the premium needs to be renewed. Most products support automatic renewal and automatic deduction, but I still recommend that you follow your own habits in your mobile phone or in your calendar. Set reminders in .
It is best to set the reminder twice, the first time is 30 days in advance, mainly for short-term insurance, to see if there is a more suitable new product, you can choose to buy, buy in advance to avoid the risks brought by the waiting period, but if not Especially necessary, in fact, there is no need to frequently replace insurance products.
The second time is 3 days before the renewal. It is mainly to confirm whether there are enough funds in the account to avoid overdue problems caused by negligence. It is said that if such problems do occur, you will receive a reminder text message.
4. Regular update
Insurance is not a one-and-done thing. On the one hand, the product is iterating. On the other hand, your age is growing, your wealth is improving, and your demand for protection is also changing. Therefore, you should re-evaluate your insurance products every 10 years , because Due to inflation, you may have the opportunity to choose better products for the protection of critical illness insurance on a regular basis. At the same time, according to the different needs of family members, you also need to adjust the insurance content appropriately.
I wrote it intermittently in my spare time for two weeks. I am not a professional and dare not expect to help many people. I only hope that if someone is as idiotic about insurance as I am, after reading it, they can avoid detours, save some time, and buy it as soon as possible. to a product that satisfies you.
I hope that one day the money we spent is not recovered, and everyone is safe and happy, and they will die in good health.
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