2. From the product itself, simply speaking, it includes three kinds of compensation for serious illness, one insurance amount at a time; Mild illness is also paid three times, each time paying 20% of the basic insured amount; There are also specific serious diseases of men, women and children 10, which is also an extra 20%; If you don't pay before the age of 60, you can pay 10 years of long-term care when you reach long-term care, and the total amount is an insurance amount.
The design of triple compensation for serious illness deserves everyone's attention. Even after a person has a serious illness, the body's resistance is actually not as good as that of ordinary people, and the chance of getting sick again is relatively high. People who have suffered from serious illness can no longer buy serious illness insurance, so if you buy a lot of compensation for serious illness, then you will have serious illness protection after the claim is settled. Three times payment is not too much, but five times payment is too much for insurance in Hong Kong. Few people get seriously ill five times in their lives or go to different groups every five years. This is unrealistic, but three times is just right. At the same time, the reduction of two times also reduces the premium cost, so the cost performance is very high.
Mattel's life insurance premium is not expensive. 0-year-old boy, the insured amount is 300,000, which will be paid in 20 years, and the annual insurance premium is 3,600 yuan. 0-year-old girl, insured 500 thousand, taught for 20 years, and the annual premium is 5,500 yuan. There are 70 kinds of serious diseases and 30 kinds of mild diseases, covering a wide range. Except for the limitation of compensation for minor illness, everything else is not bad. Generally speaking, it is conscience insurance.
Advantage analysis: 1. There are many kinds of diseases: 70 kinds of serious diseases and 30 kinds of mild diseases, which belong to the first echelon in the industry, with 30 kinds of specific diseases and a large number of diseases. 2. Cheap price: The price of similar protection content is much more close to the people than that of Changbaofuxing and AIA Quanyou series, and it is also much better than Corning and Ping An Fu in terms of price and protection.
3. Short observation period: The waiting period of 90 days is basically the shortest among similar products, because the waiting period of many domestic products is 180 days. Serious illness caused by accidental injury is not limited by the 90-day period.
4. Extra payment for specific diseases: 30 kinds of specific serious diseases (male 10, female 10, child 10) have 1 extra payment, which is 20% more than the insured amount. That is to say, if you encounter these diseases, you have to pay/kloc every time.
5. Long-term care payment: If there is no serious illness before the age of 60, then no matter what reason long-term care is needed at the age of 60, the insurance company will return the insured amount in the form of annuity within ten years, which is an additional guarantee option.
6. Short interval of illness payment: No matter the serious illness or mild illness, the interval of multiple payments is one year, and the interval of multiple payments in Hong Kong is generally five years. The cancer multiples of the best-performing Jiayubei Safety Enhanced Edition are also separated by three years, while Mattel only needs to be separated by 1 year, which is very humanized. 7. Designated hospitals: general departments of public hospitals above the second level can be used, and multiple payment insurance in Hong Kong must be designated for cooperation.
Disadvantage analysis: 1, mild illness is not grouped: Mattel's compensation for mild illness is grouped. Although triple payment is more humane, it is actually not as practical as minor illness without grouping. Of course, almost all minor illness insurance in China only gives money once, and even this time it will occupy the coverage of serious illness. Mattel's life is quite good compared with Mattel's, but it is not grouped compared with mild diseases such as healthy life, healthy life and double health.
2. Cash value: After paying the critical illness insurance premium for the first time, the cash value of the contract will be reduced to zero, and all other insurance liabilities will be terminated except for various critical illness liabilities, that is, the death or total disability insurance premium, terminal death insurance premium, minor illness insurance premium, specific critical illness insurance premium and long-term care insurance premium will no longer be paid, which is relatively inhumane.
3. The amount of insurance can't go up: Better products need to have the characteristics of low premium and increased insurance coverage. Mattel's life is limited by the regulations of the China Insurance Regulatory Commission that health insurance can't bring dividends, so it's a pity that the insurance amount has gone up. One thing to be reminded is that the amount of insurance is an advantage, but it can't be at the expense of much higher premiums, otherwise it will be a bit of a loss.
4. The insured only has serious illness exemption: domestic good products generally have minor illness exemption (the insured doesn't need to pay premium after minor illness), but Mattel Life is on a par with Hong Kong, and only provides serious illness exemption, while the insured has no serious illness exemption. This is an obvious shortcoming, and there may not be a perfect product.
5. The scale of the company is small: Lujiazui Cathay Life Insurance was established in 2005, which is smaller than China Life Insurance, China Ping An and other big companies, with 29 business outlets, so there are no physical institutions in some areas. Although domestic insurance now supports national compensation, it is inevitable that some customers find it inconvenient to buy or settle claims.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.