Disease insurance includes critical illness insurance, medical insurance, cancer insurance, etc. It is not an investment insurance, but a guarantee insurance or consumer insurance. Investment insurance has the dual functions of insurance and investment and financial management. This kind of insurance can also be called investment-linked insurance, which has high premium and high risk, and is only suitable for people with good economic conditions who are willing to take high risks.

In addition, both dividend insurance and universal insurance can be called wealth management insurance, but dividend is uncertain, and the yield of universal insurance only provides guaranteed interest rate. The actual interest rate is subject to the settlement rate announced by the insurance company. Sickness insurance refers to the insurance in which the insured suffers income loss, expenses, death or disability due to illness or childbirth, and the insurer assumes the responsibility of paying insurance benefits according to the insurance contract.

Sickness insurance, also known as critical illness insurance, is mainly aimed at major diseases that will threaten life or cost a lot. The scope of medical insurance is much wider, from general appendicitis to cancer.

First, the difference between sickness insurance and medical insurance

1, with different coverage, the medical insurance coverage is wider;

2. The payment standard is different, and sickness insurance is a fixed payment. In other words, as long as you suffer from a serious illness stipulated in the contract, the insurance company will immediately pay according to the insured amount. For example, the insured amount is 200,000, and the insurance company compensates 200,000. Medical insurance is paid according to the actual medical expenses. For example, the insured amount 1000 yuan, the hospitalization expenses are 5,000 yuan, and the insurance company may compensate 4,000 yuan (80% of the actual expenses);

3. The insurance period is different. The insurance period of medical insurance is only one year. Insurance, no hospitalization within one year, and the insurance contract is terminated. If you want to continue to be protected, you must pay the renewal fee. The insurance period of sickness insurance is generally more than 20 years, or even life.

II. Types of investment insurance

Investment insurance is divided into three categories: dividend insurance, universal life insurance and investment-linked insurance. Among them, dividend insurance has conservative investment strategy, the lowest income and the lowest risk compared with other investment insurance; Universal life insurance has guaranteed income, and the investment strategy of insurance companies is medium and long-term growth. The main investment tools are government bonds, corporate bonds, large bank deposits and securities investment funds, which have flexible access and considerable returns. The main investment tools of investment-linked insurance are the same as universal insurance, but the investment strategy is more radical and there is no guarantee of income, so the risk is great but the potential value-added is also the greatest.