The following is detailed information about million medical insurance, updated on March 9, 2026
Million medical insurance is a high-coverage medical insurance product mainly used to cover large medical expenses, such as hospitalization expenses, special outpatient expenses, etc. This type of insurance usually has high coverage and a wide range of protection, which can effectively cope with high medical expenses caused by major diseases or accidents.
Covers inpatient medical expenses caused by illness or accident, including bed fees, examination fees, surgery fees, medication fees, etc.
Covers special outpatient expenses such as outpatient surgery, radiotherapy and chemotherapy, dialysis, targeted therapy, etc.
Covers outpatient surgery expenses that do not require hospitalization.
Provides value-added services such as medical green channel, expert consultation, etc.
The coverage of million medical insurance is usually between 1 million and 6 million yuan, which can effectively cope with high medical expenses caused by major diseases or accidents.
Despite the high coverage, the premium of million medical insurance is relatively low, usually starting from a few hundred yuan per year, suitable for most families to purchase.
Million medical insurance covers various medical expenses such as hospitalization, special outpatient, outpatient surgery, etc., with a relatively comprehensive coverage scope.
Million medical insurance usually has a reimbursement ratio of 100% after deducting the deductible, which can minimize the medical burden of patients.
Many million medical insurance products also provide value-added services such as medical green channel, expert consultation, hospitalization advance payment, etc., to improve the medical experience.
Million medical insurance usually has a deductible of around 10,000 yuan, that is, only the part of medical expenses exceeding the deductible during the year will be reimbursed. When choosing a product, attention should be paid to the setting of the deductible.
Million medical insurance is usually short-term insurance, insured annually. When choosing a product, attention should be paid to the product's renewal conditions, whether it is guaranteed renewal or requires renewal review.
Million medical insurance usually has a waiting period of 30 days, and diseases occurring during the waiting period will not be compensated. After insurance, the specific regulations of the waiting period should be understood.
When applying for million medical insurance, the insured's health status should be truthfully disclosed, otherwise the insurance contract may be invalid or claims may be rejected.
Million medical insurance mainly covers medical expenses. It is recommended to use it with other insurance products such as critical illness insurance, accident insurance, etc. to build a comprehensive protection system.
Million medical insurance is a reimbursement insurance that mainly reimburses actual medical expenses; critical illness insurance is a lump-sum payment insurance that pays a one-time insurance benefit after diagnosis of a major illness. The two have different functions and are recommended to be purchased together.
Deductible refers to the amount of medical expenses that the insured needs to bear by themselves during the insurance period. Only when medical expenses exceed the deductible will the insurance company start to reimburse.
Different products have different renewal conditions. Some products can be guaranteed to renew, while others require renewal review. When choosing a product, attention should be paid to the specific provisions of the renewal conditions.
Million medical insurance usually covers general departments of secondary and above public hospitals within mainland China. Some products also cover special needs departments, international departments, or private hospitals.