Ways to avoid the six major traps when buying critical illness insurance include: The more types of diseases, the better, the more frequent claims, the better, and it is better to choose a large company.

1. The more types of diseases, the better. When we buy critical illness insurance, we often hear agents recommend that there are 40, 60, 80 or even 100 types.

The Insurance Association of China and the Chinese Medical Doctors Association jointly researched and formulated the "Standards for the Use of Disease Definitions for Critical Illness Insurance", which were promulgated and subsequently used in April 2007.

The definitions of 25 common diseases with high incidence were unified and standardized.

Therefore, for these 25 critical illnesses, all insurance companies adopt unified standards for critical illness insurance products.

2. The more times you pay, the better. For most people, the probability of having a serious illness once in a lifetime is very high, but the probability of having multiple different serious illnesses is very low.

Therefore, for the liability of multiple claims, 2-3 times is enough. No matter how many times it is, it is reasonable to own it without increasing the premium. If you need to increase the premium to own it, it is not very reasonable.

3. It is better to choose a large company. In fact, in the insurance industry, there are no small companies in the traditional sense. The insurance law requires an insurance company to have a registered capital of at least 200 million, and it must be paid in.

Judging from capital alone, insurance companies are all big companies.

Secondly, in accordance with the requirements of the China Banking and Insurance Regulatory Commission, insurance companies must also pay deposits and insurance protection funds, and their solvency every quarter is subject to strict supervision by the China Banking and Insurance Regulatory Commission's solvency agency.

China's Banking and Insurance Regulatory Commission supervision is very strict.

However, many people first look at the company or brand without looking at the terms. Later they find out that it is not suitable for them and decide that it is useless and they have to surrender the policy. Buying the wrong insurance can result in decades of economic losses.

Notes: 1. I am not opposed to buying insurance from relatives or friends. I only need to grasp one premise: this person is professional and can recommend products suitable for my situation.

But now there are many sales routines in insurance companies. Many newcomers may not be able to distinguish the terms clearly after more than ten days of training, so they must strengthen their discrimination.

2. Many people have a herd mentality and think that if others buy something, they can follow suit.

In fact, different families have different personnel structures, budgets, physical conditions, and risk preferences. Products that are suitable for others may not necessarily be suitable for you.