Lifetime critical illness insurance provides life-long protection for the insured. There are two forms of lifetime protection. One is to provide the insured with major illness protection until the death of the insured; the other is when the insured has survived to the maximum age (such as 100 years old) stipulated in the contract, the insurer The insurance premium equal to the critical illness insurance amount is paid, and the insurance contract is terminated. Generally, lifelong critical illness insurance products will contain death insurance liability, because the risk is relatively high and the rate is relatively high.
1.Illness insurance, high physical disability insurance, and death insurance after you purchase the insurance;
2. The scope of critical illness is the industry’s leading comprehensive underwriting of 25 critical diseases, 15 other critical diseases and 10 specific diseases specified by the Insurance Association of China;
3. Specific diseases: Early payment. For 10 specific diseases, 20% of the basic insurance amount will be paid in advance for specific diseases;
4. The death protection of minors can be higher than 100,000 yuan, which is not restricted by relevant regulations of the China Insurance Regulatory Commission;
5. High-disability accidents Fully show caring, and when paying high-disability insurance money or death insurance money in the case of paying specific critical illness insurance money, it shows full human care.
Cover 80% of major diseasesChina Life Corning Lifetime Critical Illness Insurance covers 20 major diseases, of which 6 are compulsory diseases stipulated by the China Insurance Regulatory Commission. In terms of scope, the diseases covered by it cover most of the major diseases with extremely high morbidity, and the definition and use of diseases are in line with the “Specifications for the Use of Disease Definitions in Critical Illness Insurance”.The twenty diseases covered by Corning Lifetime cover 80% of the incidence of serious illnesses. Some people may ask that many critical illness insurances on the market cover more than 20 kinds of diseases, some even 30 to 40 kinds of diseases, but Corning Insurance will cover too little. When choosing critical illness insurance, it is not that the more diseases covered, the better, of course, the higher the cost will be. For example, Crohn’s disease is covered in some critical illness insurance products.
300% payout During the insurance period, if the insured first occurs and has been diagnosed by a specialist doctor to have a major illness referred to in this contract, the insurance company will pay 300% of the basic insurance amount for the major illness insurance; if the insured dies, the basic insurance will be paid 300% of the amount pays death insurance money. In addition, as a product of China Life Insurance, Corning Life has been sold for more than ten years and has become a classic. China Life Corning has become an important brand in people’s hearts over time, and the brand effect will still affect people’s consumption habits.
Zhang Mingming, on June 21, 2017, under the introduction of his agent, he insured himself with the China Life Insurance Company “China Life Corning Lifetime Critical Illness Insurance”. The insurance amount is 500,000. The insurance period is life, and the payment method is used for ten years. Pay insurance premiums in cash. It is agreed that the insurance will be renewed automatically on June 21, 2018 in the next year.
On June 21, 2018, the renewal toll collector of China Life Insurance Company inquired about the insurance policies that expired from June 1, 2018 to June 30, 2018, and issued a notice of deduction of the renewal premium to the bank. The bank teller issues a receipt after deduction. After the insurance company receives the receipt, the renewal of the premium is completed.