Because refundable accident insurance can return all premiums at the end of the term, many policyholders think it is more affordable to purchase this type of insurance. Therefore, when some people purchase China Merchants Bank credit card accident insurance, they will inquire whether it can be refunded. Let me tell you below. What kind of accident insurance includes accidental medical care? Which one offers more protection? Which one is more worth buying? Let’s take a look at some good accident insurance recommendations? The top 20 best-selling premium accident insurance products in 2020!
Is China Merchants Bank’s credit card accident insurance refundable?
China Merchants Bank has a wide range of credit card accident insurance products. Although there are also accident insurance products with return protection, not all accident insurance has a return function. Let’s introduce two accident insurance products to you.
1. Refundable accident insurance - the second generation of Xinyun Wuyou. The guarantee period of this product is 10 years of payment and 20 years of guarantee. The scope of protection includes: death protection, land and water traffic accident protection, non-commercial vehicle traffic accident protection, aviation accident protection, the maximum compensation amount can reach 3 million. If no claims are made to the insured during the coverage period, all premiums will be refunded. In addition, "Global Emergency Rescue Service" is given free of charge. If one person buys the insurance, the whole family can enjoy it for 20 years.
2. Consumption-type accident insurance - enjoy every day. The coverage period of this accident insurance is one year. The scope of protection includes: death and disability accidental injury protection, public transport accidental injury protection, major natural disaster accidental injury protection, aviation accidental injury protection, accidental injury medical insurance, daily accidental hospitalization fixed benefit medical insurance, insured amount After incremental increases, the cumulative death and disability insurance amount can reach a maximum of 2.85 million. It also has a guaranteed renewal function. Every five years is a guaranteed renewal period. During this period, the insurance will not be refused or the premium will be increased due to changes in the consumer's physical condition or occupation and type of work.
It can be seen that the advantage of refundable accident insurance is that it has high insurance coverage, wide coverage and longer coverage period. However, the premium is not cheap, so it is more suitable for young and middle-aged people who have become the breadwinner of the family. Buy. The advantage of consumer accident insurance is that the protection is targeted and the premiums are cheaper, making it suitable for young and middle-aged people who have become the mainstay of the family.
Therefore, regardless of whether accident insurance has a refund function or not, it has its own characteristics and applicable groups. It is recommended that everyone choose according to their specific accident protection needs when purchasing. Purchasing on demand is the best.
Related recommendations
CMB Credit Card Accident Insurance Application Case
What are the advantages of CMB Credit Card Accident Insurance
How to buy CMB Credit Card Accident Insurance
What is the coverage of China Merchants Bank’s credit card accident insurance