Recently, a piece of news has been circulating in the industry: “The “leader” in the term life insurance industry, Huagui Life Insurance, has come up with another big move! Huagui Damai 2021 term life insurance – even hypertension, diabetes, thyroid cancer, and chronic hepatitis B, which are often rejected, have the opportunity to be insured!”
However, many friends privately asked the assistant, is this insurance only good for health disclosure and relaxed underwriting?
The so-called “big move” must be more than this.
After all, for healthy friends, judging the quality of a term life insurance product will pay more attention to the product itself:
First of all, what is the configuration of the life insurance liability, what is the premium, and is it cost-effective? Compared with its predecessor product, Damai Life Insurance 2020, does Damai Life Insurance 2021 have any new and eye-catching upgrades?
Secondly, for those who have a limited budget and are choosing between term life insurance and whole life insurance, what are the regulations for transferring and adding insurance after the expiration of this insurance?
After reading the protection clauses, I have to say that Huagui Damai 2021 term life insurance is worthy of being the “leader” in the term life insurance industry. The above issues have been taken into consideration. Let’s take a look at the main content below.
1. What is the protection of Huagui Damai’s 2021 term life insurance?
Huagui Damai 2021 term life insurance covers the following:
Figure 4.1
Let’s take a look at its basic form:
• Insurance age: 18-60 years old
• Insured occupations: 1-6
• Insurance period: 10/20/30 years; until age 60/65/70
• Insurance coverage: Up to NT$3.5 million online
• Waiting period: 90 days
• Coverage: Death/total disability, and multiple compensation for accidents while taking public transportation during holidays.
The waiting period is 90 days, which is limited to the shortest time in the market. Overall it is well received.
2. Compared with Damai 2020, what are the new upgrades of Damai 2021?
Comparing the upgrades of Barley 2020 and Barley 2021, the assistant will first show the pictures:
Figure 4.2
1. Insurance is relaxed, and “non-standard people” can also buy it
Continuing the characteristics of Damai 2020, Damai 2021 has only 3 health declarations and supports intelligent underwriting. It is one of the most relaxed term life insurance policies currently underwritten.
As mentioned at the beginning, people with diseases such as hypertension, diabetes, thyroid cancer, and chronic hepatitis B can also have the opportunity to purchase insurance. Such non-standard users can switch to Damai All-Round Insurance.
2. Increase traffic accident protection during statutory holidays
Huagui Damai 2021 has a high insured amount, and also adds additional protection for accidental death/total disability in public transportation during statutory holidays. Aviation accidents will pay 2 times the insured amount, and other means of transportation will pay 1.5 times, which is equivalent to saving a traffic accident insurance.
3. Fixed-term life conversion right + whole-life conversion right
• Right to convert term life insurance: If the remaining coverage period of the contract is not less than 5 years, you can apply to convert it to a term life insurance policy that is less than or equal to the original coverage amount.
• Whole life insurance conversion right: When the contract has been in effect for 2 years and the remaining coverage period is not less than 5 years, you can apply to convert it into a whole life insurance policy that is less than or equal to the original insured amount.
This will solve the problem of new life insurance being better than the existing coverage, but it being inappropriate to cancel the policy and being unable to change it when one wants to.
3. Price determines the market. What is the premium price of Huagui Barley 2021?
The premium we care about most is here! The most important thing for everyone to update and upgrade is the price: cheap! Cheaper than Huagui Damai 2021 term life insurance! Another 5%-10%, refreshing the price bottom line again~
For example: A 30-year-old male buys a policy with a coverage of 1 million yuan, pays premiums for 30 years, and is insured for 30 years. The Barley 2021 version is more than 100 yuan cheaper than the 2020 version.
IV. Conclusion
In general, §Huagui Damai 2021 term life insurance has strong comprehensive strength, whether it is insurance liability, insurance threshold or cost-effectiveness, it is very attractive!
Speaking of this, we have to praise Huagui Life Insurance. Several term life insurance products it has launched in recent years (Damian Term Life Insurance, Damian 2.0, Damian 2020) have been unanimously recognized by the market.
However, although the health declaration for term life insurance is more relaxed than that for critical illness insurance, there are still some restrictions. Most health declarations for term life insurance will inquire whether you have ever had lung nodules. If so, it is recommended to consider §Reitair and its upgraded version.
If you have any questions or are unsure about insurance, you can contact our consultants for one-on-one professional guidance.
