Immigrants buy Hong Kong insurance.

In recent years, insurance in Hong Kong has been recognized and sought after, and the number of mainlanders buying insurance is increasing day by day.

My best friend's grandfather bought a 50w critical illness insurance in Hong Kong in his early years. Unfortunately, he had lung cancer last year. The insurance policy in Hong Kong actually lost more than 900,000, which is more than 400,000. What are the good recommendations for critical illness insurance? I just sorted out the relevant content, hoping to help you: the latest list! Top critical illness insurance list of national insurance companies!

Is insurance in Hong Kong really that good?

I stayed up late last night to collect and sort out a lot of information, and listed some unknown tricks of insurance in Hong Kong.

Hong kong insurance and mainland insurance big pk! Not much to say, direct analysis!

Focus of this article: Where is insurance in Hong Kong? Hong Kong insurance has a hole! Matters needing attention in buying Hong Kong 1. Where is insurance in Hong Kong? 1, low premium

The insurance premium rate is calculated according to the local life expectancy, mortality and mortality. The longer the life, the cheaper the premium.

Hong Kong has the longest life expectancy in the world, with an average life expectancy of 85 years, while the average life expectancy in the Mainland is 75 years.

However, mainland customers can also enjoy the same rate when purchasing Hong Kong insurance.

The conclusion is: low rate, low premium and cheap insurance in Hong Kong.

Which insurance company claims the best? The latest claims annual report tells you 2. Some diseases are defined broadly.

The compensation standard of critical illness insurance can be settled after diagnosis, whether in Hong Kong or the mainland, but the conditions for Hong Kong insurance to reach diagnosis are more relaxed.

For example: permanent neurological deficit

In the definition of insurance in Hong Kong, it only takes four weeks to determine, while it takes 180 days to determine in the Mainland.

It's been five months since this happened. Feeling that the mainland is losing money, it is better to get insurance in Hong Kong.

Time comparison chart for judging some serious diseases:

Obviously, Hong Kong insurance still has great advantages in the definition of diseases, which is more humane.

Many insurance companies are more or less tricky when defining claims standards, but don't fall into the trap.

Keep your eyes open when buying insurance, and don't fall into the trap of critical illness insurance. 3. The exemption clause is very loose

In Hong Kong, all death cases can be settled except that the insured commits suicide within one year after being insured.

Mainland insurance defines riots, drunk driving, drug abuse, suicide within two years, AIDS and other reasons.

Simply put, Hong Kong insurance is more likely to lose money!

4. High dividend and high surrender value.

Hong Kong insurance enjoys dividends, and the insured amount increases with time, while the mainland generally does not increase the insured amount with time.

For example, A bought a 50w insurance policy in Hong Kong, which can be increased to 90W in 30 years, 40 years 132w, and 350w in 60 years with the trend of global inflation.

Mainland insurance, like 50w, will not cost much whether it is 10 year, 20 years, 30 years later or 50w.

With the rising medical expenses, seeing a doctor will only become more and more expensive. Mainland insurance policies can't resist inflation, and it's not enough to cure a disease!

So is the surrender value.

For example, A bought a 25-year insurance policy, assuming that the annual premium is 1w and the annual premium is 20w. If you don't claim compensation and want to surrender, you may keep 35w after 30 years of retirement and get 70w after 40 years of surrender.

Generally, the mainland only returns the cash value when surrendering insurance. For example, if you pay 20w premium in 20 years, you can only get 1 10,000 or 20,000 if you surrender in 30 years!

Do you feel good? I don't pay attention to the details when buying insurance. I don't know if I'm dead!

Keep your eyes open when buying insurance, and don't fall into the trap of critical illness insurance. Second, there is a hole in Hong Kong insurance! 1, and the proportion of minor illness compensation is low.

Critical illness insurance in mainland China is 30% for mild illness and 50% for moderate illness.

However, many early serious diseases in Hong Kong are paid 20% of the insured amount, and even some diseases only pay 10%.

The proportion of compensation for minor illnesses in Hong Kong is significantly lower than that in the Mainland.

To this end, I have sorted out the serious illness insurance with a high proportion of minor illness compensation. These are all good products.

Top ten popular critical illness insurance stocks worth buying! 2. Exchange rate fluctuation is risky.

Insurance policies in Hong Kong are denominated in US dollars, so there may be exchange rate differences between RMB and US dollars.

Simply put:

The dollar rose, the renminbi fell and the premium rose; Rmb goes up, dollar goes down and premium goes down.

However, we are not sure about the changing trend of the exchange rate, so it is risky to buy insurance in Hong Kong.

You can't decide to insure simply by temporary exchange rate changes!

Three. Precautions 1. The Hong Kong policy must be signed in Hong Kong. Signing an underground insurance policy in the mainland is not protected by law.

2. Payment at sight, payment in Hong Kong. You need to open a Hong Kong bank card to pay.

Pay special attention not to entrust the money directly to the agent to avoid being cheated.

3. For smokers, the premium will increase by about 15%, so it is not recommended for smokers to buy relevant insurance.

See my previous article for more attention.

Before buying insurance, you must first understand these key knowledge points!