Let me ask you a question: When buying insurance, do you focus on the brand, coverage amount, or advertising?
According to the “2023 Internet Insurance Consumption Insight Report,” over 60% of young people purchase insurance through short videos, live streams, or social media platforms. However, nearly half of them don’t fully understand what their policies cover. The potential outcome is low coverage, limited protection, and insurance plans that don’t suit their needs. Today, I’d like to share my experience after joining Shenlan Bao, where I realized I had made mistakes with my insurance purchases years ago. Through my real-life case, I hope to help you review whether your existing coverage is comprehensive and whether it needs upgrading. 1. What was wrong with my insurance? First, let me explain my pre-employment approach to buying insurance. I bought my insurance four years ago. Initially, I was skeptical about insurance, but due to my poor health and fear of illness, I decided to secure some protection before getting sick. Even if something unfortunate happened, I’d at least have funds for treatment (or recovery trips) and leave some money for my family. Despite this awareness, I didn’t thoroughly research whether the insurance suited my needs. I avoided insurance salespeople, fearing I might be persuaded into unsuitable products, so I chose to research online instead. I also relied heavily on platform recommendations, assuming that “preferred” products on certain platforms must be reliable since they were pre-screened. Considering these factors, I selected a policy with “high coverage,” “low premiums,” and a brand I liked. For my million-yuan medical insurance, I leaned toward well-known insurers, assuming they were trustworthy and financially stable. As a Guangdong native, I also subconsciously favored brands with “auspicious” names, like Ping An. In the end, this was my old insurance plan, which I’ve summarized below: After joining Shenlan Bao and undergoing systematic training, I realized I had chosen the right types of insurance (which was a relief), but the specific products weren’t ideal, the coverage was too low, and I lacked accident insurance. 1. Million-Yuan Medical Insurance The product I bought was a one-year policy without guaranteed renewal, making coverage unstable. Since I purchased it four years ago, I wasn’t aware of guaranteed renewal or its benefits. It wasn’t until two years later that I learned about products with 20-year guaranteed renewal. I considered switching but procrastinated and forgot (later regretting it after developing minor health issues). 2. Critical Illness Insurance The critical illness insurance I bought provided comprehensive basic coverage, including minor, moderate, and major illnesses, with additional payouts for specific first-time critical illnesses.Comprehensive coverage alone is insufficient; the sum insured is crucial for critical illness insurance. The policy I purchased only covers 100,000 yuan for 20 years.
At the time, I prioritized travel and dining over allocating more funds to insurance due to limited financial resources. In hindsight, my younger self lacked thorough consideration. Many young individuals share this mindset, either blindly trusting large brands or relying solely on marketing materials without fully understanding the policy terms. Fortunately, I now recognize these issues and have adjusted my approach by upgrading my insurance plan. Before upgrading my insurance plan, I carefully evaluated my needs and circumstances. As a 28-year-old urban office worker, I spend long hours seated at a computer, leading to chronic suboptimal health with minor but persistent issues. A health check two years ago revealed chronic gastritis, sinusitis, turbinate hypertrophy, and a deviated nasal septum, which may affect health declarations. With the implementation of DRG in healthcare reforms, reimbursement for externally purchased medications became a concern. Additionally, my income has significantly increased over the past four years. Considering these factors, my new plan must meet three criteria: 1. The product’s health declaration must accommodate my pre-existing conditions. 2. The medical insurance should expand coverage for externally purchased medications to address DRG limitations. 3. Comprehensive coverage is prioritized, with less emphasis on cost. Here’s the new insurance plan I adopted: First, I opted for additional coverage, as my conditions do not conflict with the health declarations of these three products, allowing smooth enrollment. The rationale behind my choices is explained below: 1. Million Medical Insurance: Upgraded to Blue Medical Insurance (Good Doctor & Medicine Edition). – It offers 20-year guaranteed renewal, ensuring stability. – Expands coverage for externally purchased medications. Blue Medical Insurance (Good Doctor & Medicine Edition) Pacific Health Insurance Medical Insurance 20-year guaranteed renewal Covers specialized medical treatments Reimburses anticancer and externally purchased medications View evaluation Beyond covering anticancer drugs, it includes general externally purchased medications and equipment, such as human albumin, gamma globulin, and imported drugs. Moreover, general externally purchased medications are not restricted by a list and are fully reimbursable, regardless of prior. This addresses some challenges posed by DRG reforms. Since Blue Medical Insurance excludes my conditions from two years ago, I retained my existing one-year medical policy, given its affordability.2. Critical Illness Insurance: Additional Coverage with Perfect Life 7
The existing critical illness insurance policy has no major issues, but the coverage amount is too low and the coverage period is relatively short. Since the original premium was affordable, I decided to add Perfect Life 7 to my coverage. Perfect Life 7 Fosun United Health Critical Illness Insurance Optional Additional Disease Coverage Specific Coverage for Female Diseases Comprehensive Cancer Protection View Review This policy provides lifetime coverage with a sum insured of 500,000, sufficient to cover several years of daily expenses. In the unfortunate event of a critical illness, part of the payout can be used for travel, while the remainder can support family needs. Additionally, it includes specific coverage for female diseases, offering additional payouts for vaginal cancer, uterine cancer, and malignancies of the ovaries and fallopian tubes. For example, with a 500,000 sum insured, the total payout can reach 550,000. Overall, this multi-layered coverage provides greater peace of mind. 3. Accident Insurance: Additional Coverage with Armor 6 (Flagship Edition) Since I had no accident insurance, I opted for the upgraded version of Armor 6 (Flagship Edition). Armor 6 (Flagship Edition) PICC Property and Casualty Accident Insurance Unlimited Medical Reimbursement (Including Non-Social Security Expenses) Affordable Premiums Includes Sudden Death Coverage View Review This product covers a wide range of accidents, from minor incidents like dog bites to major events such as aviation, train, or ship accidents. Most importantly, it reimburses medical expenses at any secondary or higher-level hospital, regardless of whether it’s public or private. This is particularly reassuring for frequent travelers like me. Accidents are often sudden, and in emergencies, there’s no time to choose between public and private hospitals. Therefore, broader hospital coverage is preferable. The reimbursement terms are also favorable: no social security restrictions, zero deductible, up to 100% reimbursement, and a daily accident hospitalization allowance of 100 yuan. It addresses various minor life details and scenarios, making it a comprehensive accident insurance plan. While the premium has increased, the overall coverage is more robust, providing a solid safety net for the future. If you’re unsure about your insurance needs or whether to upgrade, consider consulting a professional planner for guidance. Final Thoughts Purchasing insurance isn’t about blindly following trends; the key is finding coverage that truly suits your needs. Instead of relying solely on platform recommendations, start by listing your requirements. If this sharing resonates with you, please give it a [like]. Your support is the greatest motivation for sharing.
