Accident insurance refers to the corresponding compensation that can be obtained when personal injury or death occurs due to unpredictable accidents in life (for example: car accident). Why buy accident insurance? Because we are all likely to encounter accidents, whether at work, leisure, or at home, and the subsequent burdens such as medical expenses, disability, and loss of income caused by the accident often impose a heavy burden on families and individuals. At this time, it is best to purchase accident insurance These burdens can be effectively alleviated.
Did you buy the right accident insurance? Frequently asked questions about accident insurance
1. The accident insurance sold by telephone will refund an additional 22% of the premium after 20 years. Is this type of capital-guaranteed accident insurance recommended?
Please remember that the value (spending power) of 1 million today is not equal to 1 million 20 years from now.
There are some capital-guaranteed accident insurance policies on the market, which usually require higher premiums, and you have to wait until 20 years to get an additional 22% refund. But please note that the value of premiums returned after 20 years is usually not equal to the value of the money invested initially, and high premiums can become a financial burden in life. Therefore, when choosing principal-guaranteed accident insurance or principal-repayable accident insurance, it is recommended that you do your best and choose insurance products that meet your needs, and do not let high premiums become a burden on your life.
2. Are there any restrictions on applying for company group insurance accident insurance?
It's not like this! If an accident occurs in daily life, you can also apply for accident insurance compensation from the company's group insurance.
Many companies provide group insurance for their employees, including accident insurance. Some people mistakenly believe that these insurances can only be applied for accidents that occur during work. In fact, this is not the case. As long as an accident occurs in daily life, such as sports injuries, cutting injuries, etc., you can apply for accident insurance claims from the company's group insurance, and the claim settlement process is quite simple. However, please be sure to confirm the coverage and claim conditions of the company's group insurance to avoid being unable to successfully obtain insurance compensation in the event of an accident.
Adults worry that disability compensation will not be enough and will become a financial burden on their families
Adults often have to deal with many liabilities, such as mortgages and car loans, as well as parents’ retirement and children’s education expenses. If you are unfortunately unable to work or pass away, you will need to face huge living expenses and loans. This situation often makes people feel anxious.
Some people may complain that the claim amount provided by the insurance company is insufficient. For example, if an accident insurance of RMB 1 million is purchased and the hand loses the ability to use the accident insurance, the compensation amount of only RMB 500,000 may not be enough. If you only cover 1 million when purchasing insurance, in most cases of serious accidents, the claim amount will often be disappointingly small.
For accident insurance, it is recommended to pay attention to the amount of accidental disability. We are often not afraid of death, but more worried about paying high medical bills and living expenses after being injured. A 30-year-old severely disabled person, for example, will live an average of 38 years. If you are the main breadwinner of your family, your accidental disability claim should be at least 5 million to cover the inability to work due to severe disability.
The key point of purchasing adult accident insurance: the accidental disability limit should be high enough.
Children are very curious, so pay special attention to protection against burns and scalds.
Burns and scalds are one of the key accidental injuries to children. Because children have strong curiosity and are full of curiosity about the surrounding environment, they are often injured due to accidental contact with heat sources or high-temperature objects. For parents, ensuring the safety of their children is the most important thing, so when purchasing accident insurance, pay special attention to whether it includes claims protection for burns and scalds.
In addition to children, adults are also at risk of burns. In daily life at home, high-temperature utensils and boiling water used during cooking may cause burns. Therefore, when choosing accident insurance, it is recommended to consider whether it includes coverage for burns and scalds claims.
It is worth noting that when considering whether to purchase burn and scald protection, you also need to consider environmental safety issues such as home furniture, decoration, and electrical appliances, such as whether there are protective devices for water heaters, whether flame-proof materials are used for decoration, etc. Steps can be taken to reduce the risk of burns and keep yourself and your family safe.
Therefore, for families, especially families with children, ensuring the safety of the environment at home and choosing appropriate accident insurance coverage can protect the safety and financial arrangements of the family. The following is a recommended list of children’s accident insurance, all of which specifically include burn and scald protection: