We all know that adults really need a critical illness insurance to transfer the financial risks brought by the disease.
In addition to adults, children also need to be effectively protected. In recent years, the incidence of major diseases in children has shown a clear upward trend.
So, is it necessary to buy critical illness insurance for children? How to choose the right one? Let’s talk about it!
1. Is it necessary to buy critical illness insurance for children?
Children’s body functions are still in the growth and development stage, and their resistance is weaker than that of adults, so children are more susceptible to illness than adults.
Diseases such as leukemia, brain cancer, and severe hand, foot and mouth disease are very common among children, and they are difficult to cure and have a high incidence.
Once the disease occurs, the cost of treatment is often tens of thousands of yuan, and the treatment cycle is long, which can easily drag down the family’s finances. Therefore, it is very necessary to configure critical illness insurance for children.Photo Network_501125706_Children playing with paper airplanes on the grass (corporate commercial use) (1)
2. How to choose the appropriate critical illness insurance for children?
How to choose the right critical illness insurance for children? You can start from the following aspects:
1. The insurance coverage should be sufficient
The purpose of configuring children’s critical illness insurance is to protect against the economic risks brought by critical illness, and the insured amount is too small to transfer the risk.
If you have a serious illness, the first thing you have to face is a large amount of medical expenses, followed by rehabilitation expenses, and the loss of work time for parents to take care of their children. If you have enough budget, the higher the insurance amount, the better.
2. Pay attention to common and high-incidence diseases
Children’s critical illness insurance should include common diseases that occur frequently in children, and provide additional compensation as much as possible. When choosing, you should pay attention to whether the product covers these diseases and consider whether it provides additional coverage during the childhood stage.
3. The number of compensations should be sufficient
The children’s critical illness insurance currently on the market provides compensation for minor, moderate and serious diseases. In addition to the compensation within the coverage, there are also additional compensations. When purchasing children’s critical illness insurance, in addition to looking at the basic compensation amount of the critical illness insurance, you can also check whether its additional compensation amount is sufficient.
4. Ensure that the time is appropriate
Choose the appropriate length of coverage. Depending on your budget and your child’s growth needs, you can choose term or lifetime coverage. If your budget is limited, you can consider buying a 30- year term critical illness insurance; if your budget is sufficient, it is recommended to consider 70- year or lifetime coverage options to ensure that your child is fully protected as he or she grows up.
3. Summary
In general, purchasing appropriate children’s critical illness insurance for your children can provide comprehensive protection for your children. Parents who are considering buying critical illness insurance for their children can contact Xiaokai to select current high-quality children’s critical illness insurance products for you.
