Let's take a look at the example of China Ping An official website insured Ping An Fu Protection Plan:

1. Death protection (lifetime): 300,000 yuan.

2. Disease protection (lifelong): 280,000 (45 serious diseases +8 mild diseases)

Note: 20% of the insured amount for minor illness, that is, 280,000 * 20% = 56,000. After the minor illness is paid, the insured amount of the serious illness is not affected.

3. Accident protection (under 70 years old):

Accidental death/total disability: 500,000

Death/total disability caused by public transportation and self-driving: 500,000 yuan, or 6,543,800 yuan.

Unexpected medical treatment: 50,000 yuan (100 is free of compensation, 100% is reimbursed, excluding self-funded items).

4. Insurance premium is exempted from insurance

If Ms. Li dies after the waiting period, suffers from total disability or serious illness as agreed in the contract, or Mr. Zhang suffers from serious illness as agreed in the contract after the waiting period, she can be exempted from paying the remaining insurance money during the insurance exemption period.

For all the above guarantees, the annual premium is 1 1937 yuan/year and the payment is 20 years.

For people who don't know the product in the whole insurance market, this product really looks very good and has a huge brand effect. Almost everyone has heard of Ping An, so this product or this product combination plan quickly became popular and entered thousands of households.

Then, for a professional insurance broker who does not speak for any company, this product can be said to be extremely cost-effective, and its popularity is only due to one reason-the strong promotion of Ping An's huge salesman system.

Objectively speaking, this plan has some defects in insurance liability, and the brand premium is a bit high (a bit expensive), which can be described as "looking beautiful". Listen to the author say together:

1, death protection:

All the insurance companies in this company have the same responsibility for protection, and they also have to pay for their deaths. Needless to say, in the end, it depends on the premium.

2. Severe illness+mild illness:

45 kinds of serious diseases +8 kinds of mild diseases, in terms of quantity, are indeed at a low level among the critical illness insurance products of nearly 100 life insurance companies in the market. More than 50 kinds of serious diseases and more than 20 kinds of mild diseases can be seen everywhere in the market, which is really not a bright spot.

Of course, we can't completely look at the quantity. If the premium is the same, the more the better, but the quantity is small, and the responsibility for protection is important. However, peace and happiness are not the first choice for disease protection.

Take mild cases as an example. The first three of the eight mild cases of Ping An are actually the first products of other companies. The first item of mild illness protection for products with relatively high cost performance in the market is generally: extremely early malignant tumor or malignant lesion, which generally includes cancer in situ, skin cancer and so on. However, the protection of serious illness and mild illness can be divided into three items. Objectively speaking, mild diseases can only be classified into six categories, not eight.

There is also the protection of cardiovascular diseases. It is generally recommended that the products purchased by the financial office should include the protection of heart bypass and heart stent. Heart bypass is a serious disease, heart stent is a mild disease, and Ping An Fu only includes bypass, not stent (the following figure shows the disease definition of other products). Ping An Fu's minor illness protection is indeed very inadequate.

3. Accident protection:

Guaranteed to be 70 years old, accidental death/total disability: 500,000 yuan, death/total disability by public transport and self-driving: 500,000 yuan, that is, 6,543,800 yuan. Unexpected medical treatment: 50,000 yuan (100 is free of compensation, 100% is reimbursed, excluding self-funded items).

Judging from the overall accident protection, the amount is indeed sufficient, and it would be better if the daily accident medical treatment can include self-funded drug reimbursement.

4. Premium exemption:

This is very necessary, and basically all companies have this guarantee.

Finally, see if the premium is reasonable. A 30-year-old male pays 1 1937 yuan/year for all the above guarantees for 20 years.

What is this premium level in the whole market?

From the perspective of its own insurance broker, the Financial Office selects and matches all products in the market, and makes similar protection for Ping An official website as a customer to see what premium level it can reach:

Scheme 1: Taikang le Ankang critical illness insurance+Zurich accident self-help plan+insurance premium exemption.

300,000 deaths+300,000 serious illnesses+500,000 accidental deaths+500,000 extra traffic/self-driving+50,000 accidents (free compensation 100%, reimbursement 100%, including 5,000 yuan for self-funded drugs), with a premium of 8,335.6 yuan, and payment for 20 years.

Serious illness: 60 kinds of serious illness +22 kinds of mild illness, without the shortcomings of peace and happiness mentioned above, the mild illness can be paid for 3 times, without affecting the amount of compensation for serious illness.

Option 2: Huaxia Healthy Life Critical Illness Insurance+Zurich Accident Self-help Plan+Insurance premium exemption.

300,000 deaths+300,000 serious illnesses+500,000 accidental deaths+500,000 extra traffic/self-driving+50,000 accidents (100% deductible, 100% reimbursement, including 5,000 yuan of self-funded drugs), and the premium is 780 1.32 yuan, 20 years.

Serious illness: 77 kinds of serious illness +33 kinds of mild illness, without the shortcomings of safety and happiness mentioned above, the minor illness can be paid for 5 times in total, without affecting the amount of compensation for serious illness.

Wait a minute.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.