Recently, a friend said to me, "I bought medical insurance before and paid nearly 5,000 yuan a month. My friend said that he only paid a few hundred yuan a month and the coverage was relatively high. Was I deceived by the insurance agent?"
In fact, this is not a question of who paid more, but that you bought insurance with completely different logic.
🧠 There are two logics for medical insurance:
🔸 Principal return medical insurance:
Hybrid insurance + savings
Your premium will be refunded at the end of the coverage period, and you may even get additional dividends, but the premium is high and the coverage amount may be limited, often combined with a hospitalization day limit.
Suitable for those who want to have peace of mind that their premiums are “returned” without wasting money.
🔸 Pure protection medical insurance
Spend a little money to buy high-risk protection
There is no refund or savings function, but it can focus on the core purpose of amplifying medical risk protection, increasing the protection amount to be sufficient to cope with actual medical expenses, and providing more room for flexible design.
Suitable for higher budget benefits or good security benefits.
📊 Simply put: the return type is like ordering an exquisite set meal, where you are given a small amount of each item, but you may not be able to eat enough of the one you like the most; the pure protection type is like ordering a bowl of beef noodles, with chewy noodles, thick soup, and large chunks of meat, and you can be full with just one bowl.
🧩 So which insurance policy is better?
In fact, there is no absolute answer, only "what do you need most right now".
👉 Some people want to use insurance to support medical risks
👉 Some people value the peace of mind of having a return in the future
👉 Some people hope to save the premiums and do asset planning or investment layout
If it were my situation, for the same lifetime medical insurance, I would prefer to use my limited budget to get sufficient protection, and then put the extra funds into asset allocation that is more flexible and has room for appreciation.
The article only explains the insurance logic and structure, and does not target specific products or companies. The actual configuration still needs to be based on a comprehensive assessment of the policyholder's age, occupation, needs, budget and underwriting conditions.
If you want to know what type of insurance policy you currently have, or whether there is room for optimization, you can consult a professional insurance advisor to assist in the evaluation.
This website does not have those annoying ads that block the webpage and hinder reading!
If you think the article I wrote is helpful to you, could you please fill in a Questionnaire, allowing me to better understand everyone’s needs and write more high-quality content.
