When friends buy insurance, they often see the option of policyholder exemption. Especially when parents buy insurance for their babies, policyholder exemption is the focus of consideration.

So, when buying critical illness insurance products, should the policyholder exemption liability be added? Let's discuss it this time.

What is policyholder exemption?

To consider whether to buy policyholder exemption, you must first know what policyholder exemption means.

It means that when the policyholder meets certain conditions, such as death, total disability, serious illness, moderate or mild illness, etc.,危疾保障 he does not need to pay the remaining premium during the payment period of the insurance contract, but the insurance coverage still exists and will not be terminated. This exemption means the exemption of premiums.

For example, a father bought a critical illness insurance for his baby, but during the payment period, the father suffered from a serious illness.危疾保險 In this way, the conditions for policyholder exemption are met, and the baby's critical illness insurance does not need to pay premiums anymore, but can still enjoy protection.

What situations does the policyholder exemption of critical illness insurance apply to?

First of all, it is suitable for parents to buy critical illness insurance for their babies. After all, critical illness insurance is a long-term insurance with a long coverage period. Even if it is only insured until the child reaches adulthood, it will take more than ten years. During this period, if the parents die, become totally disabled, or suffer from a serious illness, then the policyholder exemption can play a big role. In particular, the price of critical illness insurance products is generally expensive. Even for children's critical illness insurance products, the premium is usually two to three thousand per year. In this way, if the premium can be exempted, it will be very helpful to reduce the family's financial pressure.

Secondly, it is suitable for husband and wife mutual insurance. As the name suggests, husband and wife mutual insurance means that the husband and wife are each other's insured. In this case, if the premium exemption is attached, no matter which party meets the conditions, then the two policies do not need to pay the premium.

Of course, it also has a fatal disadvantage, that is, if the two parties divorce, then this policy will be meaningless.

Finally, it is suitable for us to buy critical illness insurance for our parents. If we die, become totally disabled or suffer from a serious illness, then the policyholder exemption can reduce the family's financial burden and allow parents to have insurance protection. Of course, there are already family-version critical illness insurance products, and one policy can protect the whole family. At this time, the policyholder exemption can allow the whole family to continue to enjoy the protection of critical illness insurance when the family's economic pillar meets the exemption conditions.

Are there any shortcomings in the policyholder exemption of critical illness insurance?

First of all, the policyholder exemption is an additional liability and it also costs money. This means that the premium for a critical illness insurance policy with an additional policyholder exemption will be more expensive. Of course, the price will not be very high, usually two or three hundred yuan more per year. This is still within the range that an average family can afford.

Secondly, the policyholder exemption also has a health declaration. Friends should be able to find that the policyholder also needs a health declaration when they insure critical illness insurance products online. Moreover, the health declaration required for the policyholder exemption of some products is even stricter than that of the insured.

Finally, the policyholder exemption is to occupy the risk insurance amount of the policyholder. If we attach the policyholder exemption, it is very likely to occupy the insurance amount of our own critical illness insurance online. If we still want to buy critical illness insurance for ourselves from the same insurance company, the maximum insured amount may be affected.

In general, it is necessary to add the policyholder exemption of critical illness insurance. If the product we choose has it, it is of course icing on the cake. If not, there is no need to worry about it. After all, the most important thing about critical illness insurance is protection.

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