Reinstate the conditions that must be met Insurance Tips

Category: Insurance tips Release Date: 2006-08-01

Insurance Week: July 1998, I have a certain life insurance companies in the city of a primary insurance health insurance, with an additional hospitalization medical insurance, and insurance companies at that time agreed to pay renewal premiums to adopt the bank autopay.

Since I am usually busy with business, often forget to bank deposits. In October 2003, I received the insurance company sent a "suspension of the effectiveness of a single insurance contract," because insurance companies in August 2002 and 9 month in my bank account charged twice under both accounts. I then found Lee, the former insurance salesman, and required them to complete complex procedures efficiency. But do not know what the reasons, the insurance company said that because of my physical condition does not meet the insurance contract reinstate the relevant provisions of the rejected my additional insurance. Feel it can not understand, if my policy does not mean that failure can continue to go on underwriting, insurance companies, whether this is sound enough?

Readers: Mr. Xu

Mr. Hsu:

Hello!

Receipt of your letter, we have made contact with the insurance company. Your insurance premium to July 2002, due to the required premium within the grace period is not overdue, according to "Insurance Law" the relevant provisions of the effectiveness of the insurance contract termination. Although you as a policyholder within the time limit for recovery efficiency, but because of your health insurance policy no longer meet the conditions of the complex effect, therefore, the insurance company to decline through the underwriting Reinstatement decisions.

Regular payment of premiums the insured should fulfill contractual obligations. The contract should be further strengthened awareness of the insured to do a heart, to take appropriate measures to ensure their effective performance of contractual obligations, in accordance with contract requirements and timely manner through the agreement to pay premiums to insurance companies, in order to avoid this embarrassing situation the insurance lapse. Once the policy failure of his hope that the level of protection would not apply.

Even if the policy has re-efficiency provisions, but in general, insurance policies to obtain the recovery efficiency are all certain conditions, such as the effect after the termination of the contract must be within a certain period (usually two years) suggested that the insured person's health status must in line with company policy underwriting conditions; the insured must be a one-time supplement to suspend the effectiveness of clear policy premiums owed for the period and other related expenses.