In 2015, the first nationwide inclusive health insurance product was launched in Shenzhen, marking the beginning of the era of ‘low-threshold critical illness medical insurance.’ A year later, million-yuan medical insurance emerged, disrupting the market with its affordable premiums and high coverage.
Over the following years, these medical insurance products continued to evolve and upgrade in response to market demands and healthcare policies: Insurance companies followed the example of inclusive health insurance, introducing products with similarly low entry barriers but better coverage. After the implementation of the DRG reform in healthcare, hospitals faced challenges in prescribing high-quality and original drugs. Subsequently, million-yuan medical insurance policies covering off-list external medications were introduced. However, the proliferation of products has left many consumers confused. To bridge this information gap, we present the most comprehensive analysis of medical insurance products available online, along with a curated list of recommended options to help consumers make informed choices. Interested readers are encouraged to bookmark this article for future reference. The main sections include: How many types of medical insurance will there be in 2025? How to choose among so many medical insurance options? Which 2025 medical insurance products are most worth buying? 1. How many types of medical insurance will there be in 2025? We have thoroughly reviewed all medical insurance products on the market. Among them, cancer medical insurance and small-amount medical insurance have seen minimal changes in recent years, so we will not delve into them here. For detailed product information, click here. Below, we focus on the frequently updated medical insurance products, categorizing them into four major types based on their coverage features: Type 1: Inclusive Health Insurance As many are familiar, this is a welfare-oriented medical insurance product designed by the government and insurance companies. It features extremely low entry barriers, with no restrictions on age, occupation, or health status, and is very affordable. However, while inclusive health insurance can address some gaps in critical illness reimbursement under basic healthcare, its reimbursement rates are relatively low. For example, the 2025 Beijing Inclusive Health Insurance covers up to 80% of inpatient and outpatient medical expenses within the basic healthcare system for healthy individuals, with a high deductible of approximately 20,000 yuan for both in-system and out-of-system expenses. The coverage is also incomplete, lacking benefits such as pre- and post-hospital emergency care, outpatient surgery, and special outpatient services. Some products do not even cover expensive off-list medications. Given its limited coverage, why has inclusive health insurance gained nationwide popularity? The most significant factor is its lack of health declarations, allowing more individuals in need of coverage to enroll. However, inclusive health insurance products in various regions have fixed enrollment periods and are not available for purchase at any time. Those who miss the centralized enrollment period may lose access, even though coverage is a constant necessity.Therefore, insurance companies have also attempted to launch (inclusive medical insurance) without health declarations, building upon the (public-benefit insurance) model.
Category 2: Inclusive Million Medical Insurance In 2022, ZhongAn Insurance introduced the first health-declaration-free medical insurance—ZhongMinBao (inclusive million medical insurance). With low eligibility thresholds, it became accessible to many. Initially, such products were not fully mature. Their deductibles were slightly lower than, and external drug coverage was significantly better. However, coverage was not comprehensive—for example, inpatient medical expenses were reimbursed up to only 80%, making it akin to a Plus version. Since 2024, has undergone upgrades, with newer products offering substantially better coverage than. How exactly are they better? Many current products now provide: – Up to 100% reimbursement for inpatient medical expenses – Some products feature deductibles that do not distinguish between (medical insurance) coverage, with zero deductibles for critical illnesses – Even long-term guaranteed renewal for select high-quality products However, you get what you pay for. is more expensive than, typically costing around 300 yuan annually for a 30-year-old, with prices rising with age. Coverage also has limitations, such as the absence of pre- and post-hospitalization outpatient care or outpatient surgery benefits in many products, as well as higher deductibles compared to other million medical insurance plans. While not perfect, these products undeniably offer greater security for those in poor health. For healthier individuals, more comprehensive options are available on the market. Category 3: Basic Million Medical Insurance These products, such as Blue Medical Insurance and Good Medical Insurance Flagship Edition, are widely recognized. They offer more comprehensive coverage than the aforementioned categories, with no restrictions on reimbursement ratios or deductibles, effectively addressing high medical costs and justifying their high-value, high-coverage reputation. Renewal terms are also stable—some products, like Blue Medical Insurance, guarantee 20-year renewal, unaffected by claims, health deterioration, or product discontinuation. However, post-DRG reform, obtaining quality or specialized drugs in hospitals has become difficult, often requiring out-of-pocket purchases ranging from hundreds to tens of thousands of yuan. Basic million medical insurance does not cover these external drug costs. Some insurers have enhanced this aspect, leading to the emergence of (advanced million medical insurance).The most notable feature of advanced million medical insurance is that it covers off-formulary drugs.
Imported and original drugs unavailable in hospitals but purchased at pharmacies are fully reimbursed with no deductible, mitigating some impacts of DRG reforms. Some products also cover expenses for specialized departments during hospitalization for critical illnesses, offering more options such as additional medications and treatments, which further helps address DRG reforms. The pricing is also affordable. For example, Blue Medical Insurance (Good Doctor & Medicine Edition) costs only a few hundred yuan annually for a 30-year-old, with premiums slightly higher than standard million medical insurance after age 60, maintaining high overall cost-effectiveness. The above represents the most common medical insurance currently available. Some products labeled as “mid-to-high-end medical insurance” are essentially advanced million medical insurance in terms of coverage. For those curious about mid-to-high-end medical insurance, here’s a brief classification: – Mid-tier medical insurance: Covers treatment for common diseases in specialized and private hospitals, with some products offering unrestricted off-formulary drug coverage, providing more choices in medication and treatment. – High-end medical insurance: Covers treatment for common diseases in premium private hospitals, foreign-funded hospitals, and overseas hospitals, with virtually no restrictions on off-formulary drugs, including imported and original drugs, as well as advanced medical technologies. However, premiums are significantly higher, ranging from tens of thousands to hundreds of thousands annually. Beyond these categories, some subpar medical insurance products fail to meet basic standards, such as those advertising low initial premiums but offering inadequate coverage. These products are not recommended and will not be discussed further. How to choose the right option among these four categories? Section 2: How to Select the Right Medical Insurance? Each type of medical insurance has its unique features and target audience, making it subjective to claim which is the best or most worthwhile. The final choice depends on individual health conditions and budget. Here are some reference suggestions: 1. For those in good health, prioritize advanced million medical insurance. If currently healthy, opt for products with better coverage. Amid DRG reforms, advanced million medical insurance is recommended due to its unrestricted off-formulary drug coverage, ensuring access to quality medications and reducing negative reform impacts. Basic million medical insurance remains a solid choice with no significant shortcomings and was a market leader pre-reform.If you previously purchased a basic version of million-dollar medical insurance, there’s no need to rush to switch products.
Additionally, if your budget allows and you prioritize a better healthcare experience, you may consider mid-to-high-end medical insurance, which offers superior coverage. 2. For those in poor health, prioritize the inclusive version of million-dollar medical insurance. If your parents are older and have some health issues, the inclusive version of million-dollar medical insurance is recommended. It requires no health declaration and provides decent coverage. While pre-existing conditions like cancer and accidents are excluded, other cases are eligible for reimbursement at a higher rate. However, the inclusive version of million-dollar medical insurance for parents around 50 years old can cost over a thousand. For families with multiple elderly members, the annual premium may be a financial burden. If your budget is tight, you can opt for Hui Min Bao as a supplement to basic medical insurance. In some cities, Hui Min Bao is very friendly to pre-existing conditions. For example, in certain Guangdong cities, all pre-existing conditions, including cancer, are covered and eligible for claims. If you already have a serious illness like cancer and have the budget, consider combining the inclusive version of million-dollar medical insurance with Hui Min Bao for comprehensive coverage of both critical and common illnesses. If you’re still unsure which type of million-dollar medical insurance is best for you or your family, click here to schedule a free consultation with our professional planners for detailed guidance. What are the recommended products for these types of critical illness insurance? Below is a curated list for your reference. 3. 2025 Medical Insurance Review: Which One Is Worth Buying? The medical insurance market has evolved rapidly in recent years. Recall the first million-dollar medical insurance product, Zun Xiang E Sheng, launched in 2016, which offered only basic hospitalization coverage. Today, the market has transformed significantly, with most products now covering external prescription drugs, pre- and post-hospitalization outpatient care, outpatient surgery, and special outpatient services. We continuously monitor product updates and provide timely reviews. If you prefer not to compare policies individually, refer to our curated product list below. Hui Min Bao products vary by city. We recently compiled a nationwide list of Hui Min Bao products, which you can access by clicking here. Below, we highlight some top products in other categories. 1. Recommended Products for Healthy Individuals Here’s a list of outstanding million-dollar medical insurance products currently available for those in good health:Here are some suggestions for selecting insurance products:
For comprehensive coverage of external medications, consider **Star Guardian (Plan 1)** or **Blue Health Insurance (Good Medicine Edition)**: Both products cover common external medications without restrictions and offer a 20-year renewal guarantee. Star Guardian provides higher coverage at a relatively lower cost, while Blue Health Insurance has no deductible for common external medications, lowering the reimbursement threshold. **Blue Health Insurance (Good Medicine Edition)** Pacific Health Insurance Medical Insurance 20-Year Renewal Guarantee Covers Specialized Medical Care Reimbursement for Anti-Cancer/External Medications View Review For stable cancer coverage, choose **Heart Health Insurance (Longevity Edition)** or **Good Health Insurance (Flagship 2025)**: Both offer lifetime coverage for cancer. Good Health Insurance also covers 11 specific diseases for life but excludes conditions like lumbar and cervical spine issues. Heart Health Insurance (Longevity Edition) has looser exclusion limits and lower premiums for most age groups. **Heart Health Insurance (Longevity Edition)** Pacific Health Insurance Medical Insurance Lifetime Renewal for Cancer Medical Care 20-Year Renewal for General Medical Care Covers Specialized Medical Care View Review For a higher-quality medical experience with sufficient budget, opt for **Star Guardian (Plan 2)**: It covers costs for special needs departments, international departments, and private hospitals, with no restrictions on external medications. **Star Guardian** Fosun United Health Medical Insurance 20-Year Renewal Guarantee Extended Specialized Medical Care Optional Zero Deductible for Hospitalization View Review **2. Product Recommendations for Poor Health** Recently, many new affordable million-yuan medical insurance products have been launched. We’ve selected four outstanding options: For stability and guaranteed renewal, consider **Heart Health Insurance (No Health Declaration)**: It offers a 5-year renewal guarantee and covers externally purchased artificial heart assist systems and imported anti-cancer medications listed in the formulary. **Heart Health Insurance (No Health Declaration Edition)** Dehua Anku Life Insurance Medical Insurance 5-Year Renewal Guarantee Covers General Pre-Existing Conditions 5,000 Yuan Deductible View Review For comprehensive coverage with a sufficient budget, choose **Zhongminbao Mid-to-High-End Medical Insurance**: It covers external medications without restrictions, reimburses 50% of general hospitalization costs within 0–20,000 Yuan, and covers specialized, international, and private hospital costs for critical illnesses. **Zhongminbao·Mid-to-High-End Medical Insurance** ZhongAn Online Property Insurance Medical Insurance No Health Declaration Specialized Medical Care for Critical Illnesses Zero Deductible View Review For elderly parents on a tight budget, consider **Huixiangbao (No Health Declaration) Premium Edition**: It’s 2,000 Yuan cheaper for those over 60, with a 10,000 Yuan deductible for both insured and uninsured medical expenses, and up to 100% reimbursement for treatment costs.Huixiangbao (No Health Declaration)
China Life Property & Casualty Insurance Medical Insurance No Health Declaration Required No Occupational Restrictions Covers General Pre-existing Conditions View Evaluation If parents are over 80 years old and have sufficient budget, the only option is Changxiang’an 3, which accepts applicants up to 105 years old. After deducting the 10,000 RMB deductible for both in-network and out-of-network medical expenses, the remaining costs are fully reimbursable. All four products mentioned above require no health declaration. They only exclude coverage for five major categories of severe pre-existing conditions, such as cancer and coronary heart disease. Other illnesses are still covered, making them ideal for individuals with health abnormalities who cannot qualify for conventional million-yuan medical insurance. To learn more about which specific pre-existing conditions are excluded, click here to schedule a free consultation with our professional planners for a detailed explanation. IV. Final Notes Huiminbao has been around for nearly a decade. We have witnessed the birth of low-threshold critical illness medical insurance and now experienced the emergence of medical insurance with “unrestricted out-of-network drug lists” under the DRG reform of public healthcare… Looking ahead, we hope to see continued innovation in major medical insurance, raising the bar higher and providing us with more choices. Of course, we will continue to monitor product updates. As soon as new products emerge, we will conduct detailed comparative evaluations to help you identify the best options. That concludes today’s overview and evaluation of medical insurance products. If you found this article helpful, feel free to share it with family and friends who are planning to purchase medical insurance. Don’t forget to give us a like at the end!
