Critical illness insurance is divided into periodic critical illness insurance and lifelong critical illness insurance, and many people prefer lifelong critical illness insurance. Someone wants to know whether the principal can be returned after 2 years of payment of critical illness insurance? Let's discuss this problem together.

Can you get the principal back after 2 years of purchasing critical illness insurance?

After 2 years of purchasing critical illness insurance, whether you can get the principal back depends on the type of insurance products and contract terms.

for long-term critical illness insurance, such as insurance with a guarantee period of 2 years, there is usually no premium refund function, so the principal cannot be recovered after 2 years of payment.

for the returned critical illness insurance, if it is stipulated in the contract that the insured will still survive at the expiration of the guarantee period, the insurance company will return a sum of maturity money, then the principal can be recovered if the conditions are met.

In addition, if you buy consumer critical illness insurance, after 2 years of payment, the insurance company will usually only return the cash value, not the principal.

it should be noted that in order to ensure the stable operation of insurance funds to meet the payment of insurance benefits and to foresee possible risks in the future, such as insurance claims risk and investment risk, insurance companies usually do not return premiums after insurance accidents.

Therefore, when purchasing critical illness insurance, you need to choose the insurance product that suits you according to your own needs and actual situation.

can you buy critical illness insurance for 2 years and keep it for life?

it's good.

There are many critical illness insurance products on the market now. The premiums of different critical illness insurance products are different, and the payment time is also different. Generally speaking, it is very good to get lifelong protection after paying for critical illness insurance for 2 years.

However, we need to remind everyone that when purchasing critical illness insurance, we must make a choice according to our actual situation, so as to buy insurance products that suit us and provide us with the protection we want.

Lifelong critical illness insurance can provide the insured with a longer period of protection, but its premium is more expensive than regular critical illness insurance, so everyone must make a choice according to their own budget. If the budget is sufficient, you can buy lifelong critical illness insurance, but if the budget is limited, you can also take regular critical illness insurance.