20 19 critical illness insurance can avoid tax.

1. Social security generally has no life insurance.

If you die of illness, social security can't pay hundreds of thousands to the insured like commercial insurance, only pay the pension.

2. Social security has no function of exempting premiums.

The so-called premium exemption means that when certain specific circumstances stipulated in the insurance contract lead to complete incapacity, the insurance company agrees that the insured can no longer pay the subsequent premium, and the insurance contract is still valid. For example, if an insurance company buys old-age insurance, and the insured suffers from a serious illness (including an accident), the remaining unpaid premiums may not be paid, but social security will still be paid.

3. Social security alone is not enough to provide for the aged.

Social security in mature countries only covers 30-40% of the cost of old age. The basic nature of social security determines that it only guarantees that the insured person has food and no meat in his old age. If you want to live a better old age, you have to rely on other savings and investments.

4. Social security has no tax avoidance function.

China will soon implement inheritance tax and gift tax, which will make a lot of private wealth owned by the state. So now more and more people begin to use the function of commercial insurance to avoid tax, because the money saved by commercial insurance is for beneficiaries, not for heirs, so there is no need to levy inheritance tax.

Commercial insurance can effectively avoid debt.

The commercial insurance account cannot be frozen, and the money in the account cannot be used to pay off debts. To give an inappropriate example, a person goes bankrupt, owes hundreds of millions of dollars, and all bank accounts are frozen. As long as his insurance account has enough money, he can still live a happy old age.

6. Social security only reimburses drugs in the social security drug list.

Social security generally cannot reimburse new drugs and some imported expensive drugs, while commercial insurance can.

7. Social security implements a medical reimbursement system.

Social security pays before reimbursement, while commercial insurance has another way of compensation, that is, losing money before treatment. Usually, after a person falls ill, in addition to the direct medical expenses, there will be the following three expenses:

First, the cost of follow-up treatment for follow-up consumer goods;

Second, you can't work and lose your source of income;

The third is the late treatment fee, nutrition fee and nursing fee after a serious illness. These expenses can be covered by commercial insurance.

You can add WeChat to learn about critical illness insurance in Hong Kong. The same coverage is 20% to 30% cheaper than mainland insurance, and the number of diseases 100 is guaranteed (about 40 kinds in China). The policy yield is high (up to 5). You don't have to go to Hong Kong in person to claim compensation, just have a disease diagnosis certificate in a 3A hospital.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.