There are no parents who do not love their children, and there are various ways to show love.
It is said that parents’ love for their children will remain unchanged for a long time. In fact, it is like a long-term effective insurance. This article will give some basic answers to the common questions when parents buy commercial insurance for their children.
Why do you have social security and buy business insurance?
China’s social security has been very extensive, if children are insured, they can obtain a basic guarantee. However, the proportion of social security protected is too small. In this case, if a commercial insurance can be used as a supplement, it can better protect the maximum needs of users.
There is no conflict between commercial insurance and social security, and in use, not only can children’s serious illness insurance be reimbursed, but also general medical reimbursement and hospitalization allowance can be obtained. Compared with social security, more protection can be obtained in medical insurance.
The proportion of social security reimbursement for children is relatively small, generally only a part of the total medical expenses are reimbursed. If you buy commercial insurance for your child, the rest of the social security reimbursement can be borne by the insurance company. For hospitalization, it is not only possible to reimburse medical expenses.
If you buy serious illness insurance, you usually rely on the medical certificate, and the commercial insurance company will pay the compensation in one lump sum, while serious illness is still in the form of partial reimbursement in social security.
The child’s body is relatively delicate, once a major disease occurs, it will also hit a family very hard. If you have already purchased commercial insurance before, parents can be prepared for the treatment of their children and will not delay the treatment of their children due to financial problems.
What kind of commercial insurance do you buy for your children?
Nowadays, more and more parents buy insurance for their children. However, faced with various products, parents often do not know how to choose.
Apart from the various product names of various companies, there are generally three categories of children’s insurance, which will be briefly introduced below.
1. Child Accidental Injury Insurance
It belongs to the guaranteed children’s insurance.
This type of insurance is mainly aimed at children under the age of 18. When children suffer from higher medical expenses due to accidents, or accidents lead to disability or even death, the insurance company will pay the children corresponding compensation for these situations.
Most insurance companies have this kind of children’s insurance, the general cost is relatively low, only need to pay a few hundred yuan of premium a year.
- Insurance characteristics: the premium is relatively cheap, the guarantee is relatively high, and there is no return function. Applicable families: families with general economic conditions can consider this as a basic insurance purchase. In addition, it is best to give children an additional medical insurance for accidental injuries, and to compensate for the accidental medical expenses caused by daily small knocks and small touches.
2. Child health insurance
It belongs to the guaranteed children’s insurance.
This kind of insurance mainly includes two types: one is children’s major disease insurance and the other is children’s hospitalization medical insurance.
(1) Children’s Major Illness Insurance
At present, major diseases have begun to tend to be young and younger, especially malignant tumors occurring in childhood, causing pain to many originally happy families.
According to experts from Tianjin Cancer Hospital, malignant tumors have become the second largest cause of child death after accidental death. In addition, serious brain injury, important organ failure and functional defects, type 1 diabetes, etc. are also diseases that seriously endanger children and belong to the coverage of critical illness insurance.
With the development of medical science and technology, the treatment methods and effects of major diseases in children are not what they used to be. For example, in the past few decades, the progress of treatment methods has made the clinical cure rate of malignant tumors in children much higher than that of adults. If the diagnosis and standardized treatment can be made as soon as possible, the five-year survival rate can be increased to more than 80%.
However, the treatment of major diseases costs a lot of money after all. This kind of insurance can reduce the economic pressure of the family. However, from the perspective of income compensation based on the insurance principle, as children cannot directly create social value, general insurance companies have limits on children’s critical illness insurance, and the amount of insurance should be determined comprehensively according to the insurance situation of all family members.
(2) Children’s Hospitalization Medical Insurance
Common diseases of children are mainly concentrated in respiratory diseases and digestive tract diseases, such as bronchitis, upper respiratory tract infection, diarrhea, etc. Children’s hospitalization medical insurance mainly protects these diseases.
- Characteristics of insurance types: the premium is relatively cheap and the guarantee is relatively high. Applicable families: families with medium economic conditions, if their children’s physique is relatively weak, they can consider buying such children’s insurance.
3. Children’s Education Savings Insurance
It belongs to savings children’s insurance.
This kind of insurance mainly solves the problem of children’s tuition fees, accumulates the tuition fees of children’s schooling through insurance, and has the function of compulsory savings. When buying this kind of insurance, parents must pay attention to the exemption clause: this function refers to that if the children’s parents have an accident, the children do not need to continue to pay the premium and can continue to benefit.
- Features of insurance types: regular fixed premium payment, the more you pay, the more you return, with both savings and security functions. Applicable families: families with relatively strong economic strength have clear long-term reserve targets for future children’s tuition fees, so you may as well choose this type of insurance.
Current Situation of Children’s Commercial Insurance
Generally speaking, the basic terms, insurance liabilities and rates of children’s insurance of various commercial insurance companies in the market are the same. Parents can calmly compare the services of various companies to make choices.
However, the author suggests that parents should try to choose large life insurance companies when choosing children’s commercial insurance.
With the promotion of marketization of life insurance rates, large life insurance companies have more experience and accumulated a large amount of customer resources. They can give customers as much preferential treatment as possible in terms of product design, rate determination, claim settlement services, etc. The market competitiveness is stronger than that of small and medium-sized insurance companies.
Editor: Yidan