Category: Insurance tips Release Date: 2006-08-01
To help you interpret insurance jargon (1)
1. Insured: means the insured enter into insurance contracts, and assume responsibility for compensation or payment of insurance premiums insurance companies.
2. Insured: means the insurance company entered into insurance contracts, and in accordance with the contract liable to pay the insurance premium obligations.
3. Insured Person: means a body or a life insurance contract subject to protection, to enjoy insurance claims person.
4. Beneficiaries: means the life insurance contract the insured person or insured by the enjoyment of specified insurance claims person.
5. Insurance Benefits: also known as the insurable interests of the subject matter of insurance that the insured legally recognized interests.
6. Insurance: short premiums that the insured delivered to the insurance company money.
7. Insurance: refers to the insurance after the accident, the insured person or beneficiary to receive money from the insurance company.
8. Insurance Amount: referred to as the insured amount, saying that insurance companies bear the responsibility for compensation or insurance payment ceiling.
9. Insurance policy: short title insurance policy, means the insurance company to the insured certificates, proof of the formation and content of insurance contracts. To participate in the insurance policy contains a type of insurance, time and amount of insurance, insurance, insurance, term insurance contracts, etc. The main content of insurance policies is a legally binding document.
10. Insurance Responsibility: refers to insurance companies bear the responsibility for compensation or payment of insurance premiums project.
11. Exclusions: non-insurance company claims that the project, such as unlawful conduct or intentional conduct caused the accident.
12. The main risks and additional risks: the main risks that can be individually insured insurance insurance, additional insurance coverage that can not stand alone, can only be attached to the main risk insurance insurance insurance, the main risk due to failure of the reasons for termination or expiration of the effectiveness of such termination or suspension of time , additional insurance also will be the effectiveness of the termination or suspension.
13. Wholesale payment: It is a premium way, refers to all premiums paid off.
14. Year Attn: is also a way to pay premiums that pay once a year.
Life insurance professional to help you read the terms (2)
1. Cash value: refers to the policyholder may surrender the cash back. Usually balanced due to the long life insurance, the insured Paying a number of period, will be the responsibility of a certain reserve, the reserve is the responsibility of the insured person as a debt. Therefore, cancellation surrender, the surrender was admitted to this part of the "liabilities" repatriation of the insured. It is the policy's cash value to the responsibility of the reserve calculated on the basis. Contributions due to insurance policyholders initially less the cost of amortization of policy very large, so a very low initial cash value.
2. The period of insurance: According to the life insurance contract, life insurance company in agreement within the agreed time, the negative insurance, accident insurance, the responsibility of the appointed time is called the period of insurance, also known as the protection period, the various types of insurance have different during the period of insurance, such as air passenger personal accidental injury insurance, its insurance is only one during the voyage, if it is whole life insurance refers to the period the insured person's lifetime.
3. Payment Period: also known as the contribution period, that is, pre-agreed in the life insurance contract the insured to pay premiums during the period, according to the different payment methods can be divided into a one-time payment Zhi (wholesale payment), the annual payment, etc. in different ways.
4. The waiting period: also known as the observation period, or the exemption period, refers to the life insurance contracts in force within a specified period of time, even if the occurrence of insured event, the insurer can not obtain insurance to cover the period known as the waiting period. The waiting period is to prevent the insured accident insurance, he knows will occur, while the insured to obtain the behavior immediately, which is referred to adverse selection.
5. Insured: means the life insurance companies to accept the insurance policy holders and issue insurance policy behavior.
6. Underwriting: refers to the object of insurance life insurance companies assess the risks to decide whether to accept the insurance policy holders, and on what terms to accept the insurance process.
Life insurance professional to help you read the terms (3)
1 What is auto insurance policy premiums Dianjiao installments, a grace period of not more than the delivery of premium, if the policy has a cash value at that time, and the cash value net of non-payment of premiums and interest, borrowing and interest the balance is sufficient Dianjiao premiums are due, the Company will automatically Dianjiao the non-payment of premiums, so this contract remain in force, which is called "premium automatically Dianjiao."
