For parents, children are a precious gift, and they will do everything in their power to protect them. This is evident when it comes to purchasing insurance for their children.
“What insurance should I buy for my baby?” is a common concern among parents. Recently, we’ve noticed differing opinions on the order of purchasing insurance for children. In particular, there are many conflicting views online about critical illness insurance and million-dollar medical insurance, both of which cover diseases. Some say, “You only need to choose between million-dollar medical insurance and critical illness insurance,” while others argue, “Critical illness insurance is a bit expensive; a million-dollar medical policy is enough for your baby.” Today, we’ll take this opportunity to share whether it’s better to buy million-dollar medical insurance or critical illness insurance for your baby, along with methods for selecting critical illness insurance. We’ll also provide a list of the latest top products to help you avoid pitfalls. Let’s dive in: If you’re short on time and can’t read the full analysis, click here to consult with us, and we’ll assist you with the enrollment process! 1. Is It Necessary to Buy Critical Illness Insurance for Children If They Already Have Million-Dollar Medical Insurance? The answer is: Yes! Why? Let’s first examine the differences between the two: Summary of the comparison: – Million-dollar medical insurance primarily reimburses hospitalization expenses for illnesses or accidents after deducting the amount covered by public insurance and the deductible, typically up to 100%. – Critical illness insurance provides a lump-sum payment if the child is diagnosed with a disease covered by the policy, with no restrictions on how the money is used. If a child unfortunately suffers from a critical illness, parents may need to dedicate themselves fully to caregiving, which could impact their work and lead to reduced or even lost income. The payout from critical illness insurance can compensate for this loss. Additionally, critical illness insurance can cover expenses not reimbursed by million-dollar medical insurance, such as rehabilitation and nutritional costs. Clearly, the two types of coverage do not conflict but rather complement each other. Moreover, for children, critical illness insurance isn’t prohibitively expensive. The price difference between medical insurance and a 30-year critical illness policy is minimal. For example, for a 0-year-old child, we compared the prices of a million-dollar medical insurance policy and a critical illness insurance policy: – For a 0-year-old boy, the first-year premium for Blue Medical Insurance (Good Doctor & Medicine Edition) is 387 yuan. – For a 500,000 yuan coverage of Dahuangfeng No. 13 (All-in-One Edition), with a 30-year term and 20-year payment period, the cost is only about 200 yuan more than the million-dollar medical insurance. Another option is a major company’s critical illness insurance—PICC’s i-Worry-Free 3.0. With similar configurations, the pure critical illness version costs only 300 yuan per year, which is even cheaper than million-dollar medical insurance and offers longer coverage. Click here to consult for enrollment links.Therefore, we recommend that parents consider purchasing both types of insurance to address medical expenses and ensure the family’s daily life remains stable if their child falls ill.
However, the market offers numerous products, making it difficult for non-professionals to navigate. Without proper guidance, one may not only waste money but also risk inadequate coverage when it matters most. To simplify the process, we have meticulously curated a list of high-value “Critical Illness Insurance and Million-Dollar Medical Insurance” options for children. Below is the detailed evaluation: 2. Evaluation List for Children’s “Critical Illness Insurance and Million-Dollar Medical Insurance” 1. Critical Illness Insurance After a week of comprehensive comparison and rigorous screening of hundreds of policies from various companies, we have compiled two evaluation lists: “Short-Term: 30-Year Coverage” and “Long-Term: Lifetime Coverage.” Please refer to the tables below based on your needs: Key Findings: – “Dahuangfeng 13 (All-in-One Edition)” offers comprehensive coverage at a highly competitive price. For example, a 0-year-old boy can secure 500,000 yuan in coverage for 30 years with a 20-year payment term at just 655 yuan annually. Dahuangfeng 13 (All-in-One Edition) Beijing Life Insurance Critical Illness Insurance Multiple Payouts for Juvenile-Specific Illnesses High Additional Payouts for Critical Illnesses View Evaluation This product provides exceptional coverage for high-incidence childhood diseases at a market-leading price. Click here for the application link. For those who prefer products from major insurers: “Qingyunwei No. 5” by China Merchants Renhe Life Insurance is a solid choice. It offers robust coverage, including additional payouts for critical illnesses (up to 500,000 yuan in the first 15 years), longer coverage periods, and strong corporate backing from state-owned enterprises like China Merchants Group and China Mobile. However, it is slightly more expensive. Qingyunwei No. 5 China Merchants Renhe Life Insurance Critical Illness Insurance 60% Additional Payout for Critical Illnesses 220% Payout for Juvenile-Specific Illnesses View Evaluation For budget-conscious families seeking maximum value: “iWuyou 3.0,” underwritten by PICC, offers affordable pure critical illness coverage for 30 years. Premiums start at 300 yuan for a 0-year-old boy and 500 yuan for a 10-year-old, providing high leverage. This product is ideal for parents with limited budgets, those seeking temporary coverage, or those looking to supplement existing policies at a low cost. Another option is “Mamaibao (Xingli Edition 2.0)” by Fosun United Health, designed for expectant mothers between 20-30 weeks of pregnancy. It allows newborns to enroll without health declarations, eliminating concerns about preterm birth or jaundice affecting eligibility. For families with sufficient budgets, we recommend lifetime coverage for a hassle-free solution, with “Mamaibao Aichangzai” as the top choice.Underwritten by Fosun United Health, the basic coverage is considered the top choice for children’s critical illness insurance, offering comprehensive protection at a competitive price with one less year of premium payment. It’s a highly cost-effective option!
Mommy’s Treasure Love Always Fosun United Health Critical Illness Insurance Multiple Payouts for Children’s Specific Illnesses Optional Additional Disease Coverage View Review For those seeking multiple critical illness payouts to provide layered protection for their child, Fosun Prudential Life’s Bumblebee 13 Flagship Edition is another excellent option, offering outstanding coverage and higher overall value. To calculate premiums for these products or to address any questions about these four critical illness insurance plans, click here to schedule a 1-on-1 consultation with a professional planner. 2. Million Medical Insurance Key Takeaways: For comprehensive coverage and high value: Blue Medical Insurance (Good Medicine Edition) is the top choice, offering 20-year guaranteed renewal, backed by a major insurer, and exceptional coverage for external medications. Blue Medical Insurance (Good Medicine Edition) Pacific Health Insurance Medical Insurance 20-Year Guaranteed Renewal Covers Specialized Medical Care Reimbursement for Anti-Cancer/External Medications View Review With the implementation of DRG in healthcare reform, it’s challenging to obtain original or imported medications in public hospitals. This product covers external medications and devices without restrictions, such as human albumin and neck braces, while many other million medical insurances only cover cancer-related external medications. For family plans, parents aged 56–60 can enroll without medical examinations if they meet the health declaration requirements, sharing deductibles and enjoying discounted premiums, making it a preferred option. Another option is Fosun United’s Star Guardian (Plan 1), also offering 20-year guaranteed renewal, unrestricted external medication coverage, and reimbursement for durable equipment like prosthetic eyes/limbs and private rooms, at a more affordable price. Star Guardian Fosun United Health Medical Insurance 20-Year Guaranteed Renewal Extended Specialized Medical Care Optional Zero Deductible for Hospitalization View Review Note: Both products have strict health declarations. For those with pre-existing conditions like nodules, hepatitis, or hospitalization history, click here for underwriting assistance. For younger children, if long-term uncertainties are a concern, consider Heart Medical Insurance (Longevity Edition) by Pacific Health Insurance, which offers lifetime guaranteed renewal for cancer and 20-year renewal for other illnesses, providing robust coverage. For those with ample budgets, mid-range medical insurance is also an option, allowing access to specialized or private hospitals for common illnesses and superior medical services.The top recommendation is the Xing Xiang Shou (Plan 2), underwritten by Fosun United Health Insurance. It offers a rare 20-year guaranteed renewal and excellent coverage for externally purchased medications. If your budget allows and you frequently access premium or private hospitals, this product is highly recommended.
Another option is the MSH Xin Xiang Ren Sheng 2025 mid-to-high-end medical insurance from Dadi Property & Casualty Insurance. It provides excellent value with three versions: Plan A is more affordable, while Plans B and C offer broader coverage and access to more hospitals. However, it lacks guaranteed renewal and may face discontinuation risks in the future. If you are unsure which product to choose or need clarification on your child’s eligibility, you can schedule a consultation with a professional advisor for assistance. Watching your child grow up healthy is every parent’s greatest wish. Many parents turn to insurance for protection but struggle with complex terms, often opting for the most expensive option. In reality, child insurance can be affordable with proper research. Refer to our recommended product list to make an informed decision. Top-tier products like critical illness insurance and million-yuan medical insurance can cost just a few thousand yuan for comprehensive coverage, offering great value.
