The following is detailed information about critical illness insurance, updated on March 9, 2026
Critical Illness Insurance (referred to as重疾险 in Chinese) is an insurance product that provides a lump-sum payment when the insured is diagnosed with a major illness specified in the policy. The main function of critical illness insurance is to provide funds for the treatment of major illnesses and reduce the financial burden on families.
Covers malignant tumors, acute myocardial infarction, cerebral apoplexy sequelae, major organ transplantation or hematopoietic stem cell transplantation, etc.
Covers illnesses of moderate severity, such as moderate cerebral apoplexy, early-stage malignant tumors, etc.
Covers illnesses of mild severity, such as carcinoma in situ, minor cerebral apoplexy, etc.
Once the insured is diagnosed with a major illness specified in the policy, the insurance company immediately pays the insurance benefit, no need to wait for treatment results. It can be used to pay medical expenses, rehabilitation costs, or compensate for income loss.
Modern critical illness insurance usually covers 100+ major illnesses, as well as medium and minor illnesses, providing comprehensive coverage.
Can choose an appropriate coverage amount based on individual needs and budget. It is generally recommended that the coverage amount be 3-5 times the annual income to ensure that the family's normal life can be maintained during the illness period.
Critical illness insurance can choose term protection (such as 20 years, 30 years) or lifetime protection to meet the needs of different people.
Many critical illness insurance products also provide additional functions such as death protection, premium exemption, and secondary payment to enhance protection.
It is recommended that the critical illness insurance coverage amount be 3-5 times the annual income to ensure that the family's normal life can be maintained during the illness period, covering medical expenses, rehabilitation costs, and income loss.
If the budget is sufficient, it is recommended to choose lifetime critical illness insurance; if the budget is limited, term critical illness insurance can be chosen, covering up to 70 or 80 years old.
Choose critical illness insurance with a wide coverage scope, preferably including medium and minor illness coverage, as well as additional payment for high-incidence diseases.
When applying for critical illness insurance, the insured's health status should be truthfully disclosed, otherwise the insurance contract may be invalid or claims may be rejected.
Critical illness insurance mainly covers the treatment and rehabilitation costs of major illnesses. It is recommended to use it with other insurance products such as million medical insurance and accident insurance to build a comprehensive protection system.
Critical illness insurance is a lump-sum payment insurance that pays a one-time insurance benefit after diagnosis of a major illness; million medical insurance is a reimbursement insurance that mainly reimburses actual medical expenses incurred. The two have different functions and are recommended to be purchased together.
The waiting period for critical illness insurance is usually 90 days or 180 days, and diseases occurring during the waiting period will not be compensated.
Yes, many critical illness insurance products provide multiple payment functions, and different diseases can be paid multiple times.
The premium of critical illness insurance is usually fixed and will not increase with age. However, the older you are, the higher the premium when applying for insurance.