Different from life insurance to the life expectancy of the insured object, of health insurance in more detail, the security object can be the human body, health status, physical accidents, accident need of care and body, such as long-term illness insurance, short term medical insurance, short-term accident insurance. Each insurance company's products are not the same, but roughly the same! !
The long-term health insurance refers to insurance more than one year or the period of insurance, though not more than one year but contains a guarantee of health insurance renewal terms.
Short term health insurance refers to insurance during the year and less than one year and does not contain the guarantee of health insurance renewal terms.
To ensure that the renewal terms, the first after the expiration of a period of insurance, the policyholder renewal application for the insurance company must be underwritten in accordance with the agreed rates and the original provision and continue to contract.
Medical insurance health insurance Payout in accordance with the insurance money payment nature can be divided into the costs of compensation for health insurance and defined benefit health insurance.
The compensation cost of health insurance means to determine the amount of insurance money in accordance with the agreed standards according to the insured the actual medical expenses, medical insurance.
Fixed payment of medical insurance is the insurance payment, medical insurance in accordance with the agreed amount.
The compensation cost medical insurance payment amount shall not exceed the amount of medical expenses actually occurred in the insured person.