1, the insurance content is different: critical illness insurance is the insurance to protect major diseases, while million medical insurance is the insurance to provide medical expenses reimbursement.
2. Different payment conditions: critical illness insurance is payment insurance, and if there is a major illness agreed in the contract, you can get compensation; Million medical insurance is compensation insurance, and medical expenses are reimbursed.
3. Different guarantee periods: the guarantee period of critical illness insurance is flexible, ranging from one year to lifelong products; Millions of medical insurance usually covers a period of 1 year, with a maximum of 20 years.
1. What's the difference between million medical insurance and critical illness insurance? 1, claim settlement
Critical illness insurance is a fixed payment. If the insured is diagnosed with an agreed disease, the insurance company will pay the corresponding insurance amount, which can be used to bear the cost of treatment, rehabilitation or make up for the loss of income.
Million medical insurance reimbursement, the total amount of reimbursement does not exceed the actual medical expenses of the insured.
2. Warranty period
Critical illness insurance usually covers a long time, ranging from 20 to 30 years, to a specific age or life.
Millions of medical insurance usually covers 1 year, which needs to be renewed regularly, and there is a risk of product suspension.
3. Premium
The premium of critical illness insurance is calculated at the time of insurance, and the premium paid in each period is fixed.
The premium of millions of medical insurance will fluctuate with age, and the insurance company may adjust the product rate at any time.
4. Scope of protection
Critical illness insurance only covers diseases stipulated in the contract, and diseases outside the scope of the contract will not be paid.
Millions of medical insurance covers a wide range of diseases, not limited to major diseases, mild diseases and so on. And there is usually extra protection against cancer.