As more and more families choose to buy several insurance policies for their children, children's critical illness insurance has gradually entered people's field of vision.
Critical illness insurance itself is a kind of insurance with complex terms, and many parents have stepped on the pit.
So, how to choose the children's critical illness insurance for your child?
Many parents feel that critical illness insurance is not a necessary protection for their children.
After all, the premium is expensive, and it is a long-term insurance, so it still costs a lot of money to buy it.
However, this does not mean that the child does not need critical illness insurance.
Data show that pediatric malignant tumors have become the second largest killer of children's lives, second only to accidental injuries.
This illustratesThe probability of adolescents suffering from serious illnesses in China is actually not low
In addition, there are many special diseases and rare diseases in children, such as leukemia and severe hand, foot and mouth disease, which further increase the risk of serious illness faced by children.
Once the child unfortunately suffers from a serious illness, not only will there be high costs, but parents may also have to leave work to take care of the child.
Coupled with the subsequent ** expenses, nutrition costs, etc., will bring huge economic pressure.
In this way, in fact, there is a need for children's critical illness insurance.
First of all, the sum insured must be sufficient.
After all, the purpose of buying critical illness insurance for your child is to protect against the financial risks that may come from critical illness.
If the sum insured is too small, it will not play a role in financial support.
Of course, there is no need to buy too high, because too high the sum insured will inevitably lead to an increase in premiums.
Generally speaking, 500,000 is enough to protect against economic risks.
If there's room for the budget, then you can add a little more.
Secondly, the coverage should cover the high incidence of critical illness.
Children's critical illness insurance has targeted coverage for common critical illnesses in children.
In addition to the 28 critical illnesses that must be insured, most children's critical illness insurance plans will have coverage for children's special diseases and children's rare diseases.
Generally speaking, 100% of the sum insured can be paid for children's special diseases, which means that there can be 2 times the benefit.
This kind of guarantee is still very good.
Then, the number of payouts should be sufficient, and the payout ratio should be high.
This refers to the additional benefit for critical illness, and the amount must be sufficient.
Obviously, a product that can be paid multiple times is better than a single claim.
Moreover, it is also better to pay multiple claims without grouping than to pay multiple claims in groups.
The types of minor illness protection of children's critical illness insurance are between 30-50, and the compensation ratio is mostly 30%, and the number of claims is 3-4 times, and the number of intermediate diseases is between 20-30, and the compensation ratio is between 50-60%.
This is normal.
Finally, there is the need for policyholder exemptions.
This is an important protection liability in children's critical illness insurance products.
After all, the children's premiums still have to be paid by the parents.
In the event that a parent suffers an accident or illness and loses the ability to continue paying premiums, the policyholder's waiver can ensure that the child continues to be covered without paying premiums.
However, the premium for critical illness insurance for children will be much cheaper than for adults.
Therefore, in fact, we don't have to worry too much about the financial pressure that buying critical illness insurance for our children will bring to the family.
Even if the protection you buy now is not comprehensive, it doesn't matter, just make up for it gradually later.
After all, insurance protection is a dynamic process, and gradual improvement is enough.