Tag: Safety

There are two logics for medical insurance: one is the "return type" with higher premiums but refundable upon maturity, which is suitable for people who value the sense of return; the other is the "pure protection type" that focuses on protection and has lower premiums, which is suitable for people who want to use a small amount of money to support high protection. There is no better one, the key lies in what you need most now.

After the old man who caused the Three Gorges accident passed away, if his family members gave up the inheritance, they would be exempt from paying compensation to the victims. Compulsory insurance and third-party liability insurance become the key to the victims' families' claims for compensation. If the elderly person’s insurance policy does not specify another person as the beneficiary, the compensation money will be considered as the inheritance for repayment; if someone else is specified, the insurance money will not be included in the inheritance and the family members can legally collect it. This case highlights the importance of insurance planning and third-party liability insurance.