Category: Insurance tips Release Date: 2006-08-01
Annuity
Refers to the survival of the insured during the period, the insurer according to the contract amount, manner, duration, there are rules, and report regularly to the insured the survival of the insurance premium payments. Annuity because of insurance payments under the settlement with the way in the form of an annuity is named. Annuity insurance payments are paid, depending on whether the insured person to survive. In addition to this feature outside the annuity, which there are two unique features: First, free medical examination. Second, the rates set mainly in the life table survival rate basis. Fundamentally speaking, annuity life insurance is quite a long time in order to avoid the economic income can not be fully protected and carried out in an economic savings.
Medicare
Refers to the cost of providing medical protection insurance, health insurance, it is one of the major types of insurance. Common health insurance are the following: (1) the general medical insurance: the insured person to provide treatment of diseases related to general medical costs, the main pack out-patient costs, medical costs, inspection expenses. (2) hospitalization insurance: the main room every day medical costs, hospitalization during the consultation fees, surgical fees, drugs and hospital equipment usage fees. (3) surgery insurance: to provide a result of surgery patients will be asked to make the necessary expenses incurred in general to pay the full cost of surgery, rather than by a pro-rata share of the insured person. (4) comprehensive health insurance: the insured to provide a full range of medical expenses insurance, its coverage, including medical and hospital surgery, and so all costs incurred. (5) Special sickness insurance: Some specific diseases to the patient to pay the costs of catastrophic, such as cancer, blood diseases, kidney failure and heart disease, these diseases, once diagnosed would have a wide range of medical expenses. Such policies usually require a larger amount of insurance in order to produce enough to pay all costs.
Health Insurance
Also known as sickness insurance, the insured person is suffering from the disease occurs when the branch of medical expenses, or due to disability or death due to illness, or due to illness, disability can not work to reduce income, by the insurer responsible for payment of insurance money a kind of insurance. Health insurance bearing the disease risk should be consistent with the composition of the following elements: (1) Because the non-obvious external causes; (2) due to non-congenital causes; (3) due to non-tenured causes. Health insurance characteristics: (1) the amount and duration of insurance: health insurance, sick pay both the insurance some insurance, but also for medical costs and compensation for loss of income insurance, the amount of their payment is often based on actual costs incurred or revenue loss may be. In addition, the life insurance are generally long-term contracts, while the health insurance is usually short-term insurance to a one-year majority. (2) underwriting criteria: health insurance, life insurance underwriting conditions have been generally more than to be strict, the factors that produce the disease, should be very rigorous review, generally based on the insured person's medical history to judge. (3) the policy renewal effective method: When the health insurance contract expires, the insurer is entitled to decide whether to renew the policy, updating the contract, they can update rates.
